Jeff Kendrick, head of digital asset research at Standard Chartered, believes Solana’s stock price will soar fivefold if Donald Trump wins the US presidential election in November.
In a recent interview, Kendrick predicted the prices of major crypto assets such as Bitcoin, Ethereum, and Solana. He particularly highlighted Solana’s performance and cited factors that could cause its price to rise by 500% by the end of next year.
Kendrick said the U.S. presidential election, among other factors, will largely determine Solana’s price in the coming months. Market analysts gave different predictions for the price of the fifth-largest cryptocurrency if Donald Trump or Democratic candidate Kamala Harris wins.
If Trump wins, Solana will rise by 500%.
Standard Chartered executives asserted that Solana will outperform Bitcoin and Ethereum, and will soar 5x by the end of 2025. Such a rise could push SOL from its current market price of $142.6 to $855.6.
Kendrick based his case on a more favorable environment for the Solana ecosystem under the Trump administration. He predicts that President Trump’s clear support for cryptocurrencies will facilitate approval of the SolanaSpot exchange-traded fund (ETF), leading to higher asset prices.
The executive also said that on-chain metrics show Solana has clear potential over Ethereum. Kendrick said Solana has a higher market-to-fee ratio than Ethereum, with the former valued at 250x and the latter 121x.
Additionally, Kendrick said Solana’s throughput is expected to increase by 10,000% to 40,000% in the future. He said that fully incorporating Firedancer into the Solana network will significantly increase the number of transactions per second, impacting overall throughput.
Notably, Kendrick also predicted the prices of Bitcoin and Ethereum by 2025 if Trump wins. Market experts claimed that the largest and second largest crypto assets on the market will appreciate by 200% and 400% respectively.
If Harris wins, Bitcoin and Ethereum will outperform Solana.
Conversely, Kendrick said that if Harris wins, Solana will underperform compared to Bitcoin and Ethereum. Solana’s poor performance may be due to the increased likelihood that an ETF related to the asset will not be approved. Notably, Bloomberg analyst James Seifert also shares a similar view, as revealed in a previous report.
Nevertheless, Standard Chartered executives expect Bitcoin to grow, saying that no matter who wins in November, Bitcoin will trade at $200,000 by the end of 2025. Kendrick also claimed that Bitcoin will outperform Ethereum and predicted that if Harris wins, the King altcoin will trade at $7,000.
Meanwhile, Kendrick’s price speculation relies on the November election and is consistent with analysis from other market speculators. For example, Bernstein researchers argued that if Trump wins, Bitcoin will soar to $90,000 by the end of the year, and if Harris wins, it will fall to $30,000.
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