Standard Chartered Forecasts Solara Price Surge to $500 by 2029

Standard Chartered Bank has launched coverage of Solana (SOL), projecting a bullish outlook for the cryptocurrency’s price, suggesting it will climb from around $175 to reach $500 in the next decade. However, the bank warns that Solana might underperform Ethereum in the short term due to its heavy reliance on memecoin trading activity. 💰 📈 Geoffrey Kendrick, global head of digital assets research at Standard Chartered, highlights that while Solana excels at processing high transaction volumes at low fees — a characteristic that has attracted the attention of memecoins traders — this utility may not be sustainable in the long run.