Standard Chartered: Expected SOL to reach $500 by 2029

According to Golden Finance, Standard Chartered Bank analyst Geoffrey Kendrick predicts that Solana may fall behind Ethereum in the short term until new use cases outside of Memecoins gain attention. He believes that SOL will reach $275 by the end of 2025 and $500 by 2029. Geoffrey Kendrick pointed out in the report that Solana is currently widely used, especially in the trading field, where Solana dominates Memecoin trading. This is because it can process a large number of transactions simultaneously while maintaining low user fees.