Standard Chartered's latest research reveals that Solana (SOL) could see substantial valuation growth if former President Donald Trump wins the election against Vice President Kamala Harris.
According to the report, a Trump administration would be more favorable for the rise of Solana compared to ethereum (eth). The bank's report posits that political changes in Washington could dramatically influence the trajectory of major digital assets in the coming years.
The report, written by StanChart head of crypto research Geoffrey Kendrick, delves into the potential impact of a Trump or Harris presidency on the crypto market, focusing particularly on the future of SOL and eth.
It highlights the important role that US regulatory policy plays in shaping the future of digital assets. While both SOL and eth are poised for growth, the political landscape could accelerate or hinder their respective trajectories.
In either scenario, Kendrick expects both cryptocurrencies to surpass bitcoin (btc) in the coming years, marking a potential shift in the blockchain space where altcoins take the lead.
SOL's potential under Trump
Standard Chartered predicts that under President Trump, Solana could experience a valuation boom driven by its superior transaction processing speed and higher throughput.
The report predicts that SOL could increase between 100 and 400 times its current value in the coming years, reaching $10,000.
Kendrick's analysis attributes the potential rise to a pro-innovation regulatory landscape that Trump is expected to favor, allowing emerging technologies like Solana to capitalize on a more flexible market environment.
According to 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 surpass eth and even bitcoin, cementing its place as a dominant force in the blockchain sector.”
In addition to SOL's potential growth, Standard Chartered predicts that SOL and eth could overtake bitcoin in terms of market performance by 2025, signaling a major shift in the hierarchy of major cryptocurrencies.
The strength of eth under Harris
In contrast, a Harris administration would likely take a more cautious approach to cryptocurrency regulation, which would benefit ethereum.
The report anticipates that eth could outperform SOL in such a scenario, with its price rising to $18,000 by 2026, compared to SOL's estimated $7,000 by the end of 2025.
Kendrick's analysis suggests that Harris would introduce stricter regulatory frameworks, which could slow innovation for newer blockchain platforms like Solana while also benefiting ethereum due to its established presence and institutional adoption.
According to the report, ethereum would likely enjoy greater stability and sustained growth in a more regulated market due to its broader ecosystem and recognized role in DeFi.
The report added:
“The regulatory environment under Harris would likely slow down the most speculative and high-growth projects, but ethereum's established infrastructure could benefit from clearer and stricter rules.”
