SOL Token to Rise to $500 by 2029 - Standard Chartered

Analysts at Standard Chartered bank said that the Solana (SOL) blockchain token may show weaker dynamics compared to Ethereum (ETH) in the next 2-3 years.

In their opinion, this is due to the fact that Solana has a limited number of sustainable use cases outside the memecoin sphere, despite its high network throughput and low fees. In a report for investors, the bank's experts noted that the price of SOL will reach $275 by the end of 2025, and will rise to $500 by 2029, but in the short term, the coin will trade below the level that could be expected based on the total income of the ecosystem projects - a kind of "digital GDP" of the network.

Because of this, the ETH/SOL ratio, which is currently at 14, could rise to 17 by 2027, meaning Solana will weaken relative to Ethereum. The study highlights that Solana remains a leader in the memecoin segment, providing fast and cheap data and transaction transfers, making the platform popular among speculators and digital culture creators. However, analysts point out that this sector has probably already peaked, and the decline in interest in it is starting to affect the token price.

Solana’s long-term prospects, Standard Chartered believes, depend on its ability to gain a foothold in more established areas such as decentralized financial services (DeFi), social media, and decentralized physical infrastructure (DePIN). These areas will take several years to develop, but they could be the foundation for a new phase of growth.

Earlier, the director of the financial company ARK Invest, Cathie Wood, said that the future of the crypto industry, in her opinion, is connected with Solana (SOL).