After a tumultuous period following the FTX collapse in 2022, Solana (SOL) has staged a remarkable comeback. The once-promising cryptocurrency is now seen as a potential competitor to Ethereum (ETH), and Standard Chartered bank believes SOL’s future holds considerable promise. 💰 📈 🔮 However, despite this bullish outlook, the bank acknowledges that Solana may struggle to catch up with Ethereum in the short term. ⏱️ 💻 🧠 According to Geoffrey Kendrick, head of global digital assets research at Standard Chartered, Solana is currently heavily reliant on memecoin trading. This dependence fuels its current popularity but also hinders its long-term growth. 🤔 Kendrick predicts that Solana will lag behind Ethereum for the next two to three years, primarily due to its heavy reliance on memecoins. 📈 His forecast suggests that SOL could experience a period of subdued activity and lackluster price performance. 📉 However, Standard Chartered remains optimistic about Solana’s potential. Kendrick sees the coin reaching $275 by the end of 2025, $310 by the end of 2026, $350 by the end of 2027, $475 by the end of 2028, and finally $500 by the end of 2029. 🗓️ It’s important to remember this is not financial advice. **Remember:** Consult a financial professional before making investment decisions.