Solana to Surpass Ethereum and Bitcoin in 2025 is a bold forecast, suggesting that the digital currency landscape might undergo significant changes if Donald Trump is reelected as the US President. According to a report by Standard Chartered, Solana (SOL) could outpace both Ethereum and Bitcoin. Over the past year, SOL has experienced incredible growth, jumping over 510%. The forecast indicates that this upward trajectory could steepen, potentially increasing fivefold if Trump secures the presidency.
The report from Standard Chartered also maintains that Bitcoin will thrive, anticipating a surge to $200,000 by the end of 2025, independent of the election’s outcome. Geoffrey Kendrick, the Global Head of Digital Assets Research, emphasizes that Solana currently holds more value compared to Ethereum when analyzing historical data. Kendrick points out, “Based on the market cap-to-fees ratio, SOL is valued at 250x, compared to ETH’s 121x,” raising expectations for Solana’s substantial growth, projecting a potential 100-400x increase.
Kendrick further explores how the potential reelection of Trump could significantly influence the valuation of Solana. He suggests that “an increase in Solana’s throughput by 100-400 times could be more feasible under a Trump administration,” implying a friendlier stance towards the digital asset ecosystem than a Harris administration might offer.
Solana SOL’s Prospective Rise with US Election Outcome
The report outlines various scenarios based on the impending US election’s results, forecasting that Solana will “outperform Ethereum,” and Ethereum will “outperform Bitcoin in 2025” if Trump returns to power. In this case, Kendrick predicts that SOL’s price could quintuple from its current state, Ethereum might quadruple, and Bitcoin could triple by the end of 2025.
However, if Kamala Harris becomes the present leader, the prediction shifts. Kendrick states in his report that “under Harris, Bitcoin is expected to eclipse Ethereum, and Ethereum to surpass Solana by 2025.” He further specifies that Ethereum’s price targets could reach approximately $10,000 under Trump and about $7,000 under Harris.
Also Read: Solana: How Many Years Will SOL Take To Hit $500?
These predictions emphasize the unique position of Solana in the current cryptocurrency market landscape and how political outcomes could profoundly influence its trajectory.
For those interested in trading insights, Click Here For More Trading tips and strategies.
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
