Standard Chartered has issued a long-term price outlook for Solana (SOL), suggesting the blockchain will struggle to match Ethereum’s performance in the near term but could reach $500 by 2029.
The British multinational bank expects SOL to underperform through 2027, primarily due to its overdependence on memecoin activity, according to reporting by The Block.
The bank sees Solana’s current reliance on memecoin trading as a limiting factor, with Geoffrey Kendrick, Standard Chartered’s head of digital assets research, cautioning that dwindling interest in memecoins combined with low trading costs could suppress short-term blockchain revenues.
However, Kendrick acknowledged Solana’s high-speed and low-cost infrastructure as a strong foundation for future growth.
The report highlights that Solana may see renewed momentum in sectors such as decentralised physical infrastructure (DePIN), decentralised social platforms, and fintech innovations, but only after 2027.
Standard Chartered estimates SOL will climb to $275 by the end of 2025 and hit $500 by 2029, a notable increase from its current price of around $175.
Meanwhile, the bank revised its forecast for Ethereum to $4,000 by 2025, while predicting Bitcoin could soar to $200,000 and XRP to $12.50 by 2028. It also anticipates that the stablecoin market will grow to $2 trillion by that same year.
Kendrick expects the ETH-SOL ratio to widen further, from 15 to 17 by 2027, underscoring Ethereum’s dominant role in the medium term. Still, Solana’s discounted valuation and evolving use cases could offer significant upside in the years to follow.
