Standard Chartered Predicts Solana to Hit $500 by 2029

Financial giant Standard Chartered predicts that Solana could reach a price of $500 by 2029, significantly higher than its current level. This prediction contrasts with the bank’s expectation for Ethereum to perform better in the near term due to its established DeFi applications and robust fee structures. The bank cites Solana’s growth potential linked to partnerships like Visa as key drivers behind this prediction. However, Standard Chartered’s optimistic outlook on Solana raises questions about its valuation based on the market value-to-fees ratio compared to Ethereum.