Standard Chartered Bank analyst Geoffrey Kendrick expects Solana may lag behind Ethereum in the short term until new use cases beyond Memecoins gain attention. He believes SOL will reach $275 by the end of 2025 and $500 by 2029. Geoffrey Kendrick noted in the report: Solana's current use is very extensive, especially in the trading sector, where Solana dominates Memecoin trading. This is because it can handle a large number of transactions simultaneously while maintaining low user fees.