• Normal Chartered predicts Solana will attain $275 by the top of 2025 and $500 by 2029.
• Banks are warning of short-term inaction as they depend on memocoin transactions.
• Solana might delay Ethereum till 2027 because it takes time for various sectors like Depin to mature.

Normal Chartered has launched an in depth Solana forecast, predicting that Solana Worth will attain $275 by the top of 2025 and will attain $500 by 2029.

The report, revealed on Might 27, 2025, was written by Jeffrey Kendrick, who leads the financial institution’s digital asset analysis. On the time of forecast, Sol was buying and selling round $175.

Kendrick defined that Solana seems to be undervalued based mostly on the GDP-to-GDP mannequin from Normal Chartered’s market capitalization. He stated Solana is at present buying and selling “low-cost” in comparison with revenues from actions and protocols on the chain. In distinction, BNB was labelled “wealthy” due to its connection to Binance’s central alternate. Banks outline blockchain GDP because the income generated by all functions and companies operating on a community.

Solana’s value forecasts are bullish in the long run, however embrace a cautious, short-term view. Kendrick cited restricted development drivers past the offers and Memecoins that at present dominate Solana’s use circumstances.

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Memecoin’s domination can have a short-term impression on Solana’s predictions

In line with Kendrick, Solana’s ecosystem depends closely on the Memecoin commerce. He stated the low price of the community and the power to deal with many transactions per second have positioned it as the principle platform for these tokens. This verified the velocity and scalability of the community, however Kendrick added that Memecoin buying and selling is now not increasing and should have already reached its peak.

The report warned that this decline in exercise might restrict its short-term efficiency, mixed with Solana’s buying and selling, which is beneath GDP potential. Kendrick says, “A lower in utilization and transaction “low-cost” is just not a superb combine,” referring to a decline in community exercise and an underrated token state. Solana’s future development will depend upon new sectors gaining traction, and in response to the report, it might take a number of extra years.

Monetary functions, social platforms, and distributed infrastructure initiatives are among the many areas that Solana might assist sooner or later. Nonetheless, Kendrick famous that the majority of those initiatives started throughout a decentralized monetary growth in 2021, however are nonetheless mature and haven’t but generated vital on-chain income.

Ethereum was anticipated to guide Solana within the coming years

The report’s Solana vs Ethereum evaluation highlights that Ethereum is prone to outperform Solana no less than in 2027. Kendrick predicts that the ETH to SOL ratio might rise from 15 to 17 by the top of that interval, reflecting a stronger place for Ethereum when it comes to blockchain GDP and consumer recruitment.

Kendrick emphasised that Solana might proceed to commerce beneath GDP as its software utilization is proscribed past speculative buying and selling. He added that will probably be necessary for the following few years to evaluate whether or not Solana can increase right into a sector with extra sustainable exercise and income technology. Though this report doesn’t dismiss long-term prospects, it locations heavier weight on present efficiency metrics and the time required to diversify the community.

Normal Chartered consists of the report’s broader market targets

Along with Solana’s value forecasts, the report additionally consists of market forecasts for Bitcoin, Ethereum and different massive tokens. Kendrick expects Bitcoin to succeed in $200,000 by 2025 and $500,000 by 2028.

Different digital property forecasts embrace $2,775 by 2028, $12.50 for XRP, and $250 for avalanche avax by 2029. The report additionally has the potential to have Stablecoin’s market capitalization reaching $2 trillion by 2028, driving customers from a variety of establishments to settle the market.

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All forecasts show a transparent timeline and are based mostly on exercise ranges, recruitment traits, and income forecasts throughout the blockchain community. Kendrick confirmed that neither he nor the Crypto Analysis staff held digital property, making certain that the evaluation was not affected by private place.

Normal Chartered’s Solana forecast is without doubt one of the few long-distance analyses supplied by conventional monetary establishments. It consists of clear value expectations for SOL, comparisons with Ethereum and different networks, detailed commentary on blockchain GDP, MemeCoin saturation, and alternatives for the upcoming sector.