Standard Chartered raised its outlook for Solana’s price in 2025

Analysts at Standard Chartered have set their year-end 2025 target for Solana at $275, which suggests a gain of over 50% from the current levels. The forecast is based on an analysis of the long-term prospects of the blockchain network.

Solana, being Ethereum’s faster and cheaper alternative, is currently dominating meme coin trading. However, this has limited potential, says Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered. The market has already factored in volatile earnings from meme coins, causing Solana to remain undervalued relative to its real potential.

Analysts point to promising new directions for the network, which include decentralized social media and high-throughput financial applications. Yet, the development of these sectors will take time, with experts seeing them taking two to three years to advance significantly. 

The bank’s long-term outlook for Solana suggests that the cryptocurrency will reach $310 by the end of 2026 and hit $500 by 2029, given that it is currently undervalued by the market.