Commonplace Chartered’s newest analysis reveals that Solana (SOL) may see substantial valuation development if former President Donald Trump wins the election towards Vice President Kamala Harris.
Based on the report, a Trump administration can be extra favorable for Solana’s rise in comparison with Ethereum (ETH). The financial institution’s report posits that political shifts in Washington may dramatically affect the trajectory of main digital belongings within the coming years.
The report, authored by StanChart’s head of crypto analysis, Geoffrey Kendrick, delves into the potential impression of a Trump or Harris presidency on the crypto market, notably specializing in the way forward for SOL and ETH.
It highlights the numerous function US regulatory coverage performs in shaping the way forward for digital belongings. Whereas each SOL and ETH are poised for development, the political panorama may both speed up or hinder their respective trajectories.
In both state of affairs, Kendrick expects each cryptocurrencies to outperform Bitcoin (BTC) within the coming years, marking a possible shift within the blockchain area the place altcoins take the lead.
SOL’s potential beneath Trump
Commonplace Chartered forecasts that beneath a Trump presidency, Solana may expertise a valuation growth pushed by its superior transaction processing velocity and elevated throughput.
The report predicts that SOL may rise by 100x to 400x from its present worth over the subsequent a number of years, reaching as excessive as $10,000.
Kendrick’s evaluation attributes the potential surge to a pro-innovation regulatory panorama that Trump is predicted to favor, permitting rising applied sciences like Solana to capitalize on a extra versatile market surroundings.
Based on the report:
“Trump’s policies would likely allow for faster growth and easier regulatory pathways for blockchain platforms like Solana. In this scenario, SOL is projected to outperform ETH and even Bitcoin, cementing its place as a dominant force in the blockchain sector.”
Along with SOL’s potential development, Commonplace Chartered predicts that SOL and ETH may overtake Bitcoin by way of market efficiency by 2025, signaling a significant shift within the hierarchy of main cryptocurrencies.
ETH’s power beneath Harris
Conversely, a Harris administration would seemingly take a extra cautious strategy to crypto regulation, which might profit Ethereum.
The report anticipates that ETH may outperform SOL beneath such a state of affairs, with its worth climbing to $18,000 by 2026, in comparison with SOL’s estimated $7,000 by the top of 2025.
Kendrick’s evaluation means that Harris would introduce stricter regulatory frameworks, which may decelerate innovation for newer blockchain platforms like Solana whereas benefiting Ethereum because of its established presence and institutional adoption.
Based on the report, Ethereum would seemingly get pleasure from extra stability and sustained development beneath a extra regulated market because of its broader ecosystem and acknowledged function in DeFi.
The report added:
“The regulatory environment under Harris would likely slow down the more speculative and high-growth projects, but Ethereum’s established infrastructure could see it benefit from clearer, more stringent rules.”
