Based on current prices and the potential implications of Donald Trump winning the U.S. presidential race, Standard Chartered's Geoff Kendrick forecasts that by the end of 2025, solana's price could increase fivefold, ether could rise fourfold, and bitcoin could triple in value.
"In rough terms from today’s prices under Trump I predict the following multiples by year-end 2025: 
SOL -4.47% 5X, ETH 4X, BTC 3X," the Standard Chartered Global Head of Digital Assets Research said in a Tuesday note.
He also said that if Kamala Harris were to become president, he expects bitcoin to outperform ether, which, in turn, would outperform solana. "In U.S. dollar terms, we anticipate Ethereum reaching the $7,000 level by the end of 2025 in a scenario where Kamala Harris is president," he added. Kendrick envisions bitcoin rising to $200,000 by the end of 2025, regardless of the election outcome on Nov. 5.
Kendrick outlined the specific conditions necessary for his valuation predictions for solana to materialize. He views a Trump administration as being more supportive of the Solana ecosystem compared to a Harris administration. "The introduction of a solana exchange-traded fund (ETF) would be more likely under a Trump presidency," he said.
"The metrics suggest the market is pricing in a very bright growth future for Solana, with an expected increase in throughput of 100 to 400 times," Kendrick said, emphasizing that achieving his valuation forecast for solana will require the network's throughput to significantly increase. To support these ambitious valuations, Kendrick pointed out that Firedancer, a new third-party validator client software aimed at enhancing Solana's efficiency, would need to be operational. This software seeks to increase transactions per second to one million.
Additionally, he added, Solana would need to establish dominance across multiple sectors, including finance, consumer services, and decentralized physical infrastructure (DePIN), which typically demand high throughput.
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