Standard Chartered: Solana May Surge 400% With Trump in the White House
Standard Chartered predicts that Solana could surge by up to 400% if Donald Trump wins the 2024 U.S. presidential election. Geoffrey Kendrick, the bank’s head of digital assets, highlights Solana’s fast transaction speeds and support for decentralized applications as key factors in a pro-crypto environment.
In a recent research note, Kendrick forecasted significant gains for major cryptocurrencies under a Trump administration, projecting Solana to exceed $700, Ether to surpass $9,650, and Bitcoin to reach over $185,000 by the end of 2025. He believes a Trump presidency would be more supportive of digital assets than a Harris administration, impacting the market dynamics significantly.
Clever Robot News Desk 13th October 2024
