Standard Chartered Bank predicts that the price of Solana (SOL) could rise fivefold by the end of 2025 if Donald Trump wins the upcoming US presidential election. This prediction comes as Solana’s user base grows, with the network reaching over 100 million monthly active addresses for the first time.
Elections and Solana (SOL)
In a conversation with Geoff Kendrick, the financial institution’s Global Head of Digital Assets Research, Solana discussed Bitcoin, depending on the 2024 US presidential election. 
$62,401 and Ethereum 
$2,425Potential scenarios of were put forward. Kendrick is bullish if Trump maintains a positive attitude towards crypto throughout his presidency. According to him, in such a scenario, the price could increase up to 5 times and reach 4 digits.
He also thinks Ethereum could quadruple and Bitcoin could triple. Of course, he does not say these things because he sees the future. All of these are predictions and do not have to come true.
Kendrick said he thinks the Solana ecosystem will perform better under the Trump administration, and the possibility of launching the Solana ETF could increase depending on election results.
Crypto If Kamala Harris Wins
Kendrick painted a different scenario if Kamala Harris wins the election. In this case, Bitcoin is expected to surpass Ethereum, while Ethereum is also predicted to surpass Solana in terms of cycle performance.
Standard Chartered Bank remains bullish on Bitcoin regardless of the US elections, predicting that BTC will reach $200,000 by the end of 2025. He stated that under Harris’ presidency, Ethereum will rise to $ 7,000, and under Trump’s presidency, it may rise to $ 10,000. Solana, on the other hand, may perform weaker due to tight regulatory frameworks.
Jupiter and Layer3 Expansions
Recent developments in the Solana ecosystem support the growth trend of the network. Jupiter Exchange has launched the Jupiter Mobile App as a decentralized DEX aggregator and improved trading performance on the Solana network. The application makes it possible for new users to purchase SOL with various payment methods and manages transactions with the “Auto-Mode” feature.
Blockchain platform Layer3 aims to improve user experience on the network by expanding to Solana. Layer3 has over 300,000 active users on their Ethereum Virtual Machine (EVM) network and aims for further growth through partnerships with Solana protocols.
One of the latest technical developments in the Solana network is the Firedancer validator client. In this way, the transaction speed is expected to increase 100 to 400 times. This improvement supports Solana’s preference in sectors that require high transaction volumes, such as finance, consumer services and Decentralized Physical Infrastructure Networks (DePIN).
The growth dynamics of the Solana ecosystem are supported by the increase in the number of users and technological improvements. These developments may contribute to Solana reaching a wider user base and strengthening its market position in the long term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
