Standard Chartered: SOL Expected to Reach $500 by 2029
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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