Standard Chartered announced a massive bull prediction for Solana (SOL)! "Can it surpass Ethereum?"

After the sudden bankruptcy of FTX in 2022, Solana (SOL), which experienced a major crash and was expected to go to zero by everyone, made a significant comeback in 2023.

Rising from its ashes, Solana is seen as a major competitor to Ethereum (ETH) and many altcoins, while Standard Chartered revealed its SOL predictions.

According to The Block's news, Standard Chartered stated that Solana has tremendous potential, but in the short term, SOL will lag behind Ethereum.

Geoffrey Kendrick, the head of global digital assets research at Standard Chartered, stated that Solana is currently only linked to memecoin trading.

According to Kendrick, Solana may lag behind Ethereum in the short term until new use cases beyond memecoins attract interest.

For this reason, Kendrick stated that they expect Solana to perform worse than Ethereum in the next two to three years due to its excessive dependence on memecoin trading.

"Solana is currently experiencing a very high volume of transactions in its use cases. Among the transactions, Solana dominates memecoin trading.

Memecoin trading addiction is likely to encounter a two to three-year low activity period and low price performance for Solana.

Geoffrey Kendrick also revealed his Solana price prediction. Accordingly, the analyst predicts that SOL will reach $275 by the end of 2025, $310 by the end of 2026, $350 by the end of 2027, $475 by the end of 2028, and finally $500 by the end of 2029.