Solana
is predicted to underperform ether over the subsequent two to 3 years, funding financial institution Customary Chartered (STAN) mentioned in a analysis report Tuesday initiating protection of the cryptocurrency.
The financial institution expects the ether/solana ratio to extend from 14 at present to 17 by the top of 2027, earlier than falling off once more.
For solana, “this interprets into forecasts of $275 at end-2025 (from the present stage of $175) and $500 by end-2029,” wrote Geoff Kendrick, head of digital belongings analysis at Customary Chartered.
Solana is the blockchain of selection for memecoin buying and selling, however because of the volatility related to the sector the token trades low-cost relative to its utility income, the financial institution famous.
Memecoin exercise on Solana additionally seems to be “previous its peak,” the financial institution mentioned, including that “declining utilization and buying and selling ‘low-cost’ aren’t a superb combine.”
The cryptocurrency ought to dominate future sectors with excessive volumes, low charges and quick transaction instances, resembling monetary and conventional client apps, however reaching scale in these areas may take years, the report added.
Learn extra: True Markets Raises $11M in Collection A, Launches Cell-First DeFi Buying and selling App on Solana
