1 month ago
Solana SOL is expected to underperform ether ETH implicit the adjacent 2 to 3 years, concern slope Standard Chartered (STAN) said successful a probe study Tuesday initiating sum of the cryptocurrency.
The slope expects the ether/solana ratio to summation from 14 presently to 17 by the extremity of 2027, earlier falling disconnected again.
For solana, "this translates into forecasts of $275 astatine end-2025 (from the existent level of $175) and $500 by end-2029," wrote Geoff Kendrick, caput of integer assets probe astatine Standard Chartered.
Solana is the blockchain of prime for memecoin trading, but owed to the volatility associated with the assemblage the token trades inexpensive comparative to its exertion revenue, the slope noted.
Memecoin enactment connected Solana besides appears to beryllium "past its peak," the slope said, adding that "declining usage and trading 'cheap' are not a bully mix."
The cryptocurrency should predominate aboriginal sectors with precocious volumes, debased fees and accelerated transaction times, specified arsenic fiscal and accepted user apps, but reaching standard successful these areas could instrumentality years, the study added.
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