Normal Chartered’s newest analysis reveals that Solana (SOL) may see substantial valuation progress if former President Donald Trump wins the election in opposition to Vice President Kamala Harris.
Based on the report, a Trump administration can be extra favorable for Solana’s rise in comparison with Ethereum (ETH). The financial institution’s report posits that political shifts in Washington may dramatically affect the trajectory of main digital belongings within the coming years.
The report, authored by StanChart’s head of crypto analysis, Geoffrey Kendrick, delves into the potential impression of a Trump or Harris presidency on the crypto market, notably specializing in the way forward for SOL and ETH.
It highlights the numerous function US regulatory coverage performs in shaping the way forward for digital belongings. Whereas each SOL and ETH are poised for progress, the political panorama may both speed up or hinder their respective trajectories.
In both state of affairs, Kendrick expects each cryptocurrencies to outperform Bitcoin (BTC) within the coming years, marking a possible shift within the blockchain house the place altcoins take the lead.
SOL’s potential beneath Trump
Normal Chartered forecasts that beneath a Trump presidency, Solana may expertise a valuation increase pushed by its superior transaction processing velocity and elevated throughput.
The report predicts that SOL may rise by 100x to 400x from its present worth over the subsequent a number of years, reaching as excessive as $10,000.
Kendrick’s evaluation attributes the potential surge to a pro-innovation regulatory panorama that Trump is anticipated to favor, permitting rising applied sciences like Solana to capitalize on a extra versatile market atmosphere.
Based on the report:
“Trump’s insurance policies would seemingly permit for sooner progress and simpler regulatory pathways for blockchain platforms like Solana. On this state of affairs, SOL is projected to outperform ETH and even Bitcoin, cementing its place as a dominant power within the blockchain sector.”
Along with SOL’s potential progress, Normal Chartered predicts that SOL and ETH may overtake Bitcoin when it comes to market efficiency by 2025, signaling a serious shift within the hierarchy of main cryptocurrencies.
ETH’s power beneath Harris
Conversely, a Harris administration would seemingly take a extra cautious method to crypto regulation, which might profit Ethereum.
The report anticipates that ETH may outperform SOL beneath such a state of affairs, with its worth climbing to $18,000 by 2026, in comparison with SOL’s estimated $7,000 by the tip of 2025.
Kendrick’s evaluation means that Harris would introduce stricter regulatory frameworks, which may decelerate innovation for newer blockchain platforms like Solana whereas benefiting Ethereum as a result of its established presence and institutional adoption.
Based on the report, Ethereum would seemingly take pleasure in extra stability and sustained progress beneath a extra regulated market as a result of its broader ecosystem and acknowledged function in DeFi.
The report added:
“The regulatory atmosphere beneath Harris would seemingly decelerate the extra speculative and high-growth tasks, however Ethereum’s established infrastructure may see it profit from clearer, extra stringent guidelines.”
