According to Standard Chartered, Solana could hit $275 by the close of 2025 and $500 by the end of 2029.

Standard Chartered Initiates Coverage on Solana, Projects Moderate Growth but Outperformance by Ethereum

Investment bank Standard Chartered has started coverage on Solana (SOL), forecasting the token to experience steady gains yet underperform Ethereum (ETH) over the next two to three years.

The bank projects Solana’s price rising from around $177 to $275 by the end of 2025, and eventually reaching $500 by the close of 2029. Correspondingly, the ether-to-solana price ratio is expected to climb from the current 14 to 17 by 2027 before easing back.

Solana, favored for memecoin trading, currently trades at a discount relative to its application-generated revenue due to volatility in the memecoin market. The report points out that this memecoin activity appears to be declining, which could weigh on SOL’s valuation.

Looking ahead, Standard Chartered sees Solana’s potential mainly in sectors that require fast transaction speeds, low costs, and high volumes, such as financial services and traditional consumer applications. However, the bank cautions that scaling in these markets will likely take considerable time.