Standard Chartered: Solana price could explode by 2025 if Trump wins presidency

Solana about to explode under Trump? Standard Chartered’s bold prediction could well shake up the cryptosphere. According to Geoff Kendrickanalyst at Standard Chartered, a possible victory for Donald Trump in the 2024 US presidential election could propel the Solana course (SOL) towards unprecedented heights.

Kendrick predicts Solana’s price could quintuple by the end of 2025 under Trump, potentially surpassing other flagship cryptos like Bitcoin and Ether.

Solana (SOL): Trump’s cryptocurrency?

According to Standard Chartered’s predictions, a Trump administration would be more favorable to the Solana ecosystem. Kendrick also mentions in this sense the possibility of the introduction of a ETF Solanaa financial product that would allow institutional investors to have easier access to this asset. “We expect a Solana ETF would be more likely under a Trump presidency,” he said.

This hypothesis could increase the price of SOL by 5 times its current value. In comparison, Ether could quadruple, and Bitcoin could triple in value, under the same scenario.

Trump vs. Harris: Who is crypto’s best friend?

If Donald Trump is seen as an ally for Solana, Kamala Harris remains more reserved. Kendrick believes that even under a Harris presidency, cryptos would continue to grow, but at a more moderate pace. He predicts that Bitcoin will reach approximately 125 000 $ under Trump, and 75 000 $ under Harris by the end of 2025.

However, innovative projects like Firedancerclient software to improve Solana throughput, remain key elements for network performance. Firedancer could allow Solana to reach 1 million transactions per secondthus consolidating its position in sectors like decentralized finance and decentralized physical infrastructure (DePIN).

Whoever wins the 2024 elections, the cryptocurrency market could see phenomenal growth. If Trump wins, SOL could be the big winner. Under Harris, Bitcoin and Ether could dominate. But beyond political figures, it is technological innovation and regulatory reforms that will really influence the performance of cryptocurrencies in the years to come.