Solana (SOL) has seen a 900% increase since its crash following the collapse of FTX in 2022. Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, predicts that SOL could quadruple by the end of 2025, reaching a price of $560 and a market capitalization of $264 billion. Kendrick believes that SOL's price target is more achievable if former President Donald Trump wins a second term, as a Trump administration would be more supportive of the digital assets ecosystem. However, Kendrick remains optimistic even if Vice President Kamala Harris wins the presidency, predicting that SOL could double in price. The second critical factor for SOL's success is the increase in throughput. The development of a new validator client called Firedancer aims to increase SOL's theoretical throughput to over 600,000 TPS. SOL also needs to grow its user base and establish a dominant position in the financial space. Kendrick highlights that SOL's market cap/fee ratio suggests it is "richly undervalued" compared to Ethereum.



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