Bank Adjusts Solana Projections, Emphasizing Long-Term Potential

Standard Chartered has taken a fresh look at Solana‘s price trajectory, suggesting a more tempered outlook for the immediate future but maintaining a brighter promise further down the line. The British financial institution has revised its 2026 valuation for Solana to $250, hinting at modest gains ahead. Despite this caution, the bank holds fast to a daring prediction for 2030, positing that Solana could achieve a price of $2,000, reflecting faith in its expanding role within the digital asset landscape.

What Drives the Updated Projections for Solana?

As a key figure in crypto research, Standard Chartered remains attuned to Solana’s progress. Geoffrey Kendrick, the bank’s head of digital assets research, stressed Solana’s ongoing transition from speculation to tangible utility. He pointed out that the recent price cut mimics this shift in focus, aligning with emerging real-world applications for the blockchain.

Is There a Long-Term Growth Outlook?

Yes, despite adjusting its 2026 goal from $310 down to $250, the bank underscores the challenges Solana faces while evolving into a solid financial infrastructure network. However, achieving the lofty $2,000 goal by 2030 suggests continued confidence in its strengths, including its ability to handle micropayments and support rapid transactions.

Standard Chartered highlights Solana’s current stablecoin transaction volume, which is two to three times higher than that of Ethereum, noting that its advantages in swift and economical transactions could fuel further development.

The bank charts a forward path with specific price targets for Solana: $400 by 2027, $700 by 2028, and $1,200 by 2029. These estimates indicate optimism that Solana’s technological breakthroughs and deeper integration into mainstream finances will yield substantial progress over time.

Recent reports of Solana being shifted away from exchanges have intrigued observers, suggesting some investors are opting for a long-term view rather than chasing quick returns. Despite lowering its short-term estimate, the wider opportunities for Solana are still in focus for many.

Standard Chartered’s outlook champions Solana’s movement away from speculative ventures toward concrete applications, particularly in the realm of stablecoin transactions and the broader financial sector. The bank believes this evolution could mark a pivotal transformation across the crypto industry towards utility-based growth.

Geoffrey Kendrick noted that Solana is no longer just associated with memecoins; instead, it is focusing on robust financial applications and serious infrastructure initiatives.