Solana Price Projected To Rise 5-Fold By 2025 And Outperform Bitcoin, Ethereum If Trump Wins Election
SOL, the native cryptocurrency of the Solana blockchain, could potentially surge fivefold in 2025, according to a recent projection by global banking titan Standard Chartered, which expects the fifth-largest cryptocurrency by market cap to beat Bitcoin (BTC) and Ethereum (ETH) if Republican presidential candidate Donald Trump wins the presidency in November.
Solana Poised To Outperform Bitcoin Under A Trump Presidency
Led by Geoff Kendrick, StanCharts Global Head of Digital Assets Research, the banks analysts have shared an optimistic view of Solanas future should Trump reclaim the White House.
They predict that by the end of next year, Solanas price could increase fivefold, outshining Ether and Bitcoin, which could rise fourfold and triple in value, respectively.
In rough terms from todays prices under Trump, I predict the following multiples by year-end 2025: SOL 5X, ETH 4X, BTC 3X, Standard Chartered wrote in an Oct. 8 note.
The analysts think a Trump administration would be more supportive of Solana and the overall digital asset ecosystem than a Kamala Harris-led government. The introduction of a Solana exchange-traded fund (ETF) would be more likely under a Trump presidency, they added.
According to Standard Chartered strategists, Trumps anticipated leaning toward a pro-innovation regulatory landscape will allow emerging cryptos like SOL to capitalize on a more friendly market backdrop.
Trumps policies would likely allow for faster growth and easier regulatory pathways for blockchain platforms like Solana. In this scenario, SOL is projected to outperform ETH and even Bitcoin, cementing its place as a dominant force in the blockchain sector.
How Ether Would Fare Under Harris
In contrast, a Harris administration would likely adopt a more cautious approach toward crypto regulation, favoring Ethereum.
Standard Chartered suggested that Harris would introduce stringent rules that would slow down newer blockchains like Solana while benefiting Ether because of its established infrastructure.
Ultimately, the British multinational bank expects Bitcoin to outshine ETH, and Ether, in turn, would beat SOLs gains in 2025 if Harris wins the election. Specifically, Standard Chartered now sees Ethereum hitting around $10,000 under Trump and $7,000 under a Harris/Walz regime.
Meanwhile, the banks analysts foresee Bitcoin smashing the $200,000 price tag by 2025-end, regardless of the election outcome.
Text source: ZyCrypto
