Standard Chartered is urging traders to look via near-term volatility in digital belongings and concentrate on what it calls “high quality” blockchain initiatives.
The comment comes as the current selloff reshapes relative worth throughout the crypto market.
Geoff Kendrick, the financial institution’s Head of FX and Digital Property Analysis, stated he’s actively accumulating in the course of the downturn. In accordance with the analyst, the pullback is a defining second for long-term positioning.
“I’m a purchaser of this dip in digital belongings,” Kendrick advised BeInCrypto in an e-mail. “What’s extra, I feel that is the beginning of better differentiation in digital asset efficiency, whereby high quality initiatives win.”
Inside that framework, Standard Chartered continues to favor Ethereum and Solana as its prime layer-1 exposures. Kendrick reiterated that view explicitly, including:
“I’ve beforehand highlighted my view that Ethereum is one such high quality venture. And right here I do the identical for Solana. Purchase high quality.”
Lately, Standard Chartered stated it noticed Ethereum outperforming Bitcoin, citing DeFi dominance, scalability upgrades, and regulatory readability.
The financial institution, nevertheless, has tempered its near-term expectations for Solana. Standard Chartered lowered its end-2026 value forecast for SOL to $250 from $310. On this, they cite the time required for the community’s subsequent main use case to mature.
“We decrease our end-2026 value forecast to USD 250, as Solana’s subsequent dominant use case might take time,” Kendrick stated.
Regardless of that reduce, the financial institution raised its longer-dated projections, arguing that Solana’s structural benefits stay intact.
In accordance with Standard Chartered, Solana’s ultra-low-cost, high-throughput structure positions it to finally dominate micropayments. This, Kendrick says, is especially true as AI-driven purposes and stablecoin-based transactions acquire traction.
“We elevate our forecasts thereafter, as we see Solana finally dominating the micropayments house,” Kendrick famous.
If that thesis performs out, the financial institution expects SOL to outperform Bitcoin between 2027 and 2030, whereas solely progressively catching as much as Ethereum as the ecosystem scales.
The report highlights a delicate however necessary shift underway on Solana’s decentralized exchanges. Whereas the community has lengthy been related to meme coin exercise, flows are more and more rotating towards SOL-stablecoin buying and selling pairs.
These stablecoins, Standard Chartered notes, are turning over two to a few instances quicker than their Ethereum counterparts.
