Standard Chartered Forecasts Solana to Reach $500 by 2029

Financial giant Standard Chartered predicts that the price of Solana could hit $500 by 2029, despite anticipating a short-term underperformance compared to Ethereum. This projection significantly influences investor sentiment as it suggests growing institutional interest in cryptocurrencies. Despite this, market reactions remain subdued with no significant on-chain changes linked to the prediction. Standard Chartered’s forecast, based on internal analysis, does not involve input from Solana’s leadership. The bank leverages its expertise in digital asset banking to link these price predictions to potential institutional adoption increases.