Standard Chartered's Bitcoin, Ethereum, Solana Forecast: Can Make 5x! - Coin Bulletin

Geoff Kendrick, Standard Chartered's Global Head of Digital Asset Research, made noteworthy predictions about the future value appreciation of cryptocurrencies depending on the results of the US presidential race.

According to Kendrick's predictions, there may be significant increases in the prices of Solana (SOL), Ethereum (ETH), and Bitcoin (BTC) by the end of 2025.

Kendrick said, "In a scenario where Trump is the president based on today's prices, the value of SOL may increase fivefold, ETH fourfold, and BTC threefold by the end of 2025."

If Kamala Harris becomes president, Kendrick predicts that Bitcoin will outperform Ethereum and that Ethereum will surpass Solana, stating, "If Kamala Harris becomes president, we expect Ethereum to reach $7,000 by the end of 2025." Additionally, regardless of the election outcome, it is predicted that Bitcoin could reach $200,000 by the end of 2025.

Trump's victory could propel Solana

Kendrick also detailed the necessary conditions for Solana's price prediction to come true. According to him, the Trump administration will support the Solana ecosystem more than the Harris administration. He said, "The issuance of Solana exchange-traded funds (ETF) is more likely under the Trump presidency." In addition, he emphasized that the network's transaction volume needs to increase by 100 to 400 times according to metrics indicating Solana's future growth potential.

It stated that for these price predictions to come true, a third-party validator software called Firedancer, aiming to improve the efficiency of the Solana network, needs to be activated. Firedancer aims to reach one million transactions per second.