As a seasoned analyst with over two decades of experience in the financial markets, I must say that predicting the exact trajectory of digital assets like Solana (SOL), Ethereum (ETH), and Bitcoin (BTC) is akin to trying to predict the outcome of a game of chess where the pieces are constantly changing. That being said, the analysis by Geoffrey Kendrick of Standard Chartered offers some intriguing insights, particularly regarding the potential impact of the U.S. presidential election on these digital assets.
If Donald Trump wins the U.S. presidential election in 2025, Solana (SOL) is expected to surpass both Ethereum (ETH) and Bitcoin (BTC) in performance, as per a recent analysis by Standard Chartered. Geoffrey Kendrick, their Global Head of Digital Assets Research, predicts that Solana’s price could increase fivefold under a Trump presidency. Despite this prediction, Kendrick still anticipates Bitcoin reaching $200,000 by the end of 2025, regardless of who becomes president, according to Decrypt.
Kendrick recently proposed fresh evaluation indicators for first-tier blockchains, concentrating mainly on Solana and Ethereum. As it stands, Solana is considered highly valued relative to Ethereum, boasting a market cap-to-fees ratio of 250 times greater than that of Ethereum (121 times). This substantial valuation suggests strong market anticipation for Solana’s future expansion, with forecasts predicting a potential 100-400 fold increase in transaction capacity over the next few years, according to Decrypt.
The study further underscores how the outcome of the U.S. presidency might influence these valuations. According to Kendrick’s perspective, a Trump administration might be more beneficial for the digital asset landscape, potentially accelerating Solana’s growth. In this hypothetical situation, Standard Chartered predicts that by the end of 2025, $SOL could surpass both $ETH and $ETH might outperform $BTC. Kendrick speculates that under Trump, Solana’s price could increase fivefold, Ethereum’s price could quadruple, and Bitcoin’s price could triple.
In the event of a Kamala Harris presidency, Kendrick’s forecasts change. He believes Bitcoin will surpass Ethereum, with Ethereum still outperforming Solana in 2025. This difference is due to a potential alteration in the regulatory climate. The report also provides projected price points for Ethereum, suggesting it might reach $10,000 under a Trump presidency and $7,000 under Harris.
$SOL is currently trading at around $144.04, down 3.7% in the past 24-hour period.
Read More
- DOT PREDICTION. DOT cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- EUR USD PREDICTION
- GBP EUR PREDICTION
- ETH PREDICTION. ETH cryptocurrency
- KAS PREDICTION. KAS cryptocurrency
- SKL PREDICTION. SKL cryptocurrency
- LTO PREDICTION. LTO cryptocurrency
- Demi Lovato Shares Forever Dreams And Parenting Aspirations With Fiancé Jordan Lutes: ‘I See Growing Old With Him’
- Dragon Ball Daima Episode 1: Release Date, Expected Plot, Cast Details & More
2024-10-08 19:41