In line with a latest evaluation from Standard Chartered, Solana (SOL) is projected to considerably outperform Ethereum (ETH) and Bitcoin (BTC) by 2025—if Donald Trump wins the U.S. presidential election. Geoffrey Kendrick, World Head of Digital Property Analysis on the financial institution, predicts a fivefold enhance in Solana’s worth below a Trump presidency. Nonetheless, Kendrick nonetheless forecasts Bitcoin reaching $200,000 by the top of 2025, whatever the election’s final result, reports Decrypt.
Kendrick launched new valuation metrics for layer-1 blockchains, with a specific concentrate on Solana and Ethereum. Solana is presently richly valued in comparison with Ethereum, with a market cap-to-fees ratio of 250x versus 121x for Ethereum. This excessive valuation signifies vital market expectations for Solana’s development, with projections of a 100-400x enhance in throughput over the approaching years, in keeping with the Decrypt report.
The evaluation additionally highlights the influence of the U.S. presidential election on these valuations. Kendrick argues {that a} Trump administration could be extra favorable to the digital asset ecosystem, which might gas Solana’s speedy enlargement. In such a state of affairs, Standard Chartered expects $SOL to outperform $ETH and $ETH to outperform $BTC by the top of 2025. Kendrick believes Solana might see a fivefold worth enhance below Trump, whereas Ethereum might quadruple and Bitcoin might triple.
Nonetheless, Kendrick’s projections shift below a Kamala Harris presidency. On this case, he thinks Bitcoin would outperform Ethereum, and Ethereum would outperform Solana in 2025, reflecting a special regulatory setting. The report additionally presents particular worth targets for Ethereum, estimating it might attain $10,000 below Trump and $7,000 below Harris.
$SOL is presently buying and selling at round $144.04, down 3.7% up to now 24-hour interval.
Featured Picture by way of YouTube
