CandleFocus Solana to Outperform Ethereum, Bitcoin in 2025 if Trump Reelected: Standard Chartered
2024-10-08
Author: Content Editor
Standard Chartered, a British multinational bank, has projected that Solana (SOL) will outperform Ethereum (ETH) and ETH will outperform Bitcoin (BTC) in 2025. The bank predicts a fivefold increase in SOL's price if Donald Trump wins the U.S. presidential election. The analysis highlights the high valuation of SOL compared to ETH and suggests a 100-400x increase in SOL's throughput over the coming years. The bank emphasizes the potential impact of the election on these valuations, stating that a Trump administration would be more favorable to the digital asset ecosystem. However, under a Kamala Harris administration, the outlook changes with BTC expected to outperform ETH and SOL. Specific price targets include $10,000 for Ethereum under Trump and $7,000 under Harris.
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