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Solana Projected to Outperform Ethereum and Bitcoin by 2025 Under Certain Election Scenarios
Standard Chartered Analysis Highlights Solana’s Potential Growth
A recent analysis from Standard Chartered has shown that Solana (SOL) could see significant growth compared to Ethereum (ETH) and Bitcoin (BTC) by 2025, under certain election scenarios. According to Geoffrey Kendrick, Global Head of Digital Assets Research at the bank, Solana’s price could increase fivefold if Donald Trump wins the U.S. presidential election.
Valuation Metrics for Layer-1 Blockchains
Kendrick has introduced new valuation metrics for layer-1 blockchains, focusing on Solana and Ethereum. Currently, Solana is valued higher than Ethereum, indicating market expectations for its growth. The analysis predicts a 100-400x increase in Solana’s throughput in the coming years.
Impact of U.S. Presidential Election on Valuations
Kendrick argues that a Trump administration would be more favorable to the digital asset ecosystem, potentially fueling Solana’s rapid expansion. Under this scenario, Standard Chartered expects SOL to outperform ETH and ETH to outperform BTC by 2025, with projections of significant price increases for all three.
Projections Under Different Election Outcomes
If Kamala Harris were to win the presidency, Kendrick predicts a different outcome, with Bitcoin outperforming Ethereum and Ethereum outperforming Solana by 2025. This reflects a shift in regulatory environments under different administrations.
Current Market Status
As of now, SOL is trading at around $144.04, showing a 3.7% decline in the past 24 hours.
Source: Decrypt
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
