A Standard Chartered report analyzes the liquidity and growth potential of cryptocurrency Solana and Ethereum. Solana is expected to lag behind Ethereum in the coming years.
Comparison of Solana and Ethereum
The analysis indicates that the ETH/SOL pair, currently at 14, is expected to rise to 17 by the end of 2027. Predictions by Geoff Kendrick, head of Standard Chartered's crypto assets research department, suggest that Solana's price might reach $275 by the end of 2025.
Potential of Solana in the Market
The report highlights Solana's emergence as a leading network for meme coin transactions. However, there is a high likelihood that meme coin activity on Solana may have already peaked. The reduction in the utilization of Solana tokens presents an unfavorable scenario against their 'cheap' trading levels.
Long-term Perspectives
In the long term, Solana could play a more significant role in sectors requiring high transaction volumes, such as financial applications. However, realizing these opportunities may take several years. Short-term stable growth remains uncertain given current market conditions.
The Standard Chartered report emphasizes the uncertainties in the cryptocurrency market, underscoring the need for close attention to changes in consumer interests and technological advancements for accurate assessment of Solana's opportunities.
