Solana’s (SOL) Price Could Rise 55% This Year, Says Standard Chartered

British bank Standard Chartered (STAN) is forecasting a 55% increase in the price of cryptocurrency Solana (SOL) by year’s end.

Analysts at Standard Chartered expect Solana’s price to hit $275 by the end of 2025, up sharply from $177.35 currently. Furthermore, Standard Chartered says that Solana’s price could reach $500 by the end of 2029, which would be an increase of 180% from current levels.

Despite the strong outlook, the analysts say that Solana is likely to continue underperforming Ethereum (ETH) over the next two to three years. The bank says that the Ethereum-to-Solana ratio is forecast to increase from 14 to 17 by the end of 2027, before declining.

Meme Coin Connection

The outlook for Solana comes as Standard Chartered initiates coverage of the fast-growing cryptocurrency. The evaluation of Solana was led by Geoff Kendrick, head of digital asset research at Standard Chartered, a British bank that trades on the London stock exchange.

Solana is notable as the blockchain of choice for meme coins. This fact makes it one of the more volatile of the larger cryptocurrencies. Still, ongoing interest and activity related to meme coins means that Solana’s price is likely to rise in coming years, says Standard Chartered. Low fees and fast transaction times also make Solana popular among crypto investors.

SOL’s price has declined 9% this year.

Is SOL a Buy?

Most Wall Street analysts don’t offer price targets on Solana, so instead we’ll look at the cryptocurrency’s three-month performance. As one can see in the chart below, the price of SOL has risen 21% over the last 12 weeks.