Solana could increase by 5X by the end of 2025 if Donald Trump wins the United State presidential election, according to Geoffrey Kendrick, Global Head of Digital Assets Research at the British multinational bank Standard Chartered.
In a Tuesday note, Kendrick predicted that Solana could outperform Bitcoin and Ethereum upon Trump emerging as the president of the U.S. since his economic policies and administration will create a conducive environment for Solana’s expansion, potentially leading to significant price increases.
“In rough terms from today’s prices under Trump I predict the following multiples by year-end 2025: SOL 5X, ETH 4X, BTC 3X,” he stated.
Crypto’s Possible Future Under Trump
Kendrick’s prediction for Solana’s growth hinges on Trump’s support, which could pave the way for a Solana exchange-traded fund (ETF).
This development would significantly boost growth prospects, as a recent report suggests that an approval of a Solana Spot ETF could lead to a staggering price surge of over 8.9 times. In other words, Trump’s backing could be the catalyst for Solana’s meteoric rise.
The Standard Chartered executive also predicted a substantial rise in Solana’s throughput, varying from 100 to 400 times, based on the current market cap-to-fees ratio, with SOL at 250x, and ETH at 121x. However, for this prediction to materialize, Solana must first meet key conditions.
First, Solana has to implement the mainnet for Firedancer, a new independent validator client software that increases transactions per second to one million. In addition, Solana needs to establish dominance across multiple sectors, including finance, consumer services, and decentralized physical infrastructure (DePIN).
Crypto’s Possible Future Under Harris
While Kendrick predicts Solana will outshine Bitcoin and Ethereum under Trump’s presidency, his view changes with Harris at the helm.
“Under Harris, we would expect BTC to outperform ETH and ETH to outperform SOL in 2025,” he said.
Kendrick believes that by the end of 2025, Ethereum could sell at $7,000 while BTC at $200,000 if Harris wins.
The upcoming U.S. presidential election is expected to significantly impact the crypto market. Both candidates, Trump and Harris, have expressed support for the crypto industry, although Trump has been more vocal about his intentions.
The crypto community is cautiously optimistic, hoping the support is genuine and not just a strategic move to capture crypto votes.
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