Bitcoin Hits Post-Trump Election Low
Standard Chartered has made a notable prediction regarding the price trajectory of Solana. Currently priced at around $100, the token is near a two-year low. The bank forecasts it will rise to $250 by the end of 2026.
Market Insights
Geoff Kendrick, the global head of digital asset research at Standard Chartered, highlighted a shift in trading patterns on decentralized exchanges. This transition is moving from meme coins towards stablecoin pairs on the Solana network. Kendrick attributes this change to the emergence of AI-driven micropayments.
AI-Driven Micropayments
- AI technology is facilitating cost reductions in transactions.
- Micropayments have the potential to create new market opportunities.
Market Probabilities for Solana
Event contracts indicate that market players assign a 30% probability for Solana to drop below $40 by 2026. Conversely, there’s a 41% chance that it could exceed $200 within the same timeframe.
Price Forecast Revision
Despite an optimistic outlook, Standard Chartered has revised its initial price prediction from $310. The firm anticipates that Solana will not outperform Ethereum over the next two years.
Long-Term Outlook
Looking further ahead, Standard Chartered sees potential for Solana to reach $2,000 by 2030. Kendrick notes that as the market matures, Solana could catch up if it achieves the necessary scale.
Overall, while the immediate future looks promising for Solana, market dynamics and competition with Ethereum pose challenges.
