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Solana (SOL) Could See 400x Valuation Growth If Donald Trump Wins the Election: Standard Chartered

Barbara Streisand
Release: 2024-10-09 06:24:20
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Standard Chartered's latest research reveals that Solana (SOL) could see substantial valuation growth if former President Donald Trump wins the election against Vice President Kamala Harris.

Solana (SOL) Could See 400x Valuation Growth If Donald Trump Wins the Election: Standard Chartered

Standard Chartered, a leading multinational bank headquartered in London, has released a new report titled “CryptoSlate: SOL Could See 100-400x Growth if Trump Wins.” The report analyzes the potential impact of the upcoming US presidential election on the crypto market, particularly focusing on the future trajectory of Solana (SOL) and Ethereum (ETH).

The report highlights the role that US regulatory policy plays in shaping the future of digital assets and how shifts in the political landscape could either accelerate or hinder the growth of leading cryptocurrencies.

According to StanChart’s head of crypto research, Geoffrey Kendrick, both SOL and ETH are poised for substantial growth, irrespective of the election outcome. However, the report suggests that either Trump or Harris's victory will significantly influence the trajectory of these cryptocurrencies.

Kendrick expects both cryptocurrencies to outpace Bitcoin (BTC) in the coming years, marking a potential shift in the blockchain space where altcoins take the lead.

Standard Chartered forecasts that under a Trump presidency, Solana could experience a valuation boom. The report predicts that SOL could rise by 100x to 400x from its current value over the next several years, reaching as high as $10,000.

Kendrick’s analysis attributes the potential surge to a pro-innovation regulatory landscape that Trump is expected to favor, allowing emerging technologies like Solana to capitalize on a more flexible market environment.

“Trump’s policies would likely allow for faster growth and easier regulatory pathways for blockchain platforms like Solana. In this scenario, SOL is projected to outperform ETH and even Bitcoin, cementing its place as a dominant force in the blockchain sector,” the report adds.

Furthermore, Standard Chartered predicts that SOL and ETH could overtake Bitcoin in terms of market performance by 2025, signaling a major shift in the hierarchy of leading cryptocurrencies.

However, the report suggests that a Harris administration would likely take a more cautious approach to crypto regulation, which could benefit Ethereum.

The report anticipates that ETH could outperform SOL under such a scenario, with its price climbing to $18,000 by 2026, compared to SOL’s estimated $7,000 by the end of 2025.

Kendrick’s analysis suggests that Harris would introduce stricter regulatory frameworks, which could slow down innovation for newer blockchain platforms like Solana while benefiting Ethereum due to its established presence and institutional adoption.

“The regulatory environment under Harris would likely slow down the more speculative and high-growth projects, but Ethereum’s established infrastructure could see it benefit from clearer, more stringent rules,” the report adds.

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