A recent report by Standard Chartered anticipates that the Solana cryptocurrency, SOL, could see a five-fold increase by 2025, surpassing Bitcoin and Ethereum if Trump wins the election. Conversely, a Harris administration may impose stricter regulations favoring Ethereum, while Bitcoin’s value is projected to rise significantly regardless of the election outcome.

According to recent projections by Standard Chartered, the native cryptocurrency of the Solana blockchain, SOL, is anticipated to experience significant gains, potentially increasing five-fold by 2025. This forecast suggests that Solana will outperform both Bitcoin (BTC) and Ethereum (ETH) should Republican presidential candidate Donald Trump succeed in the upcoming election. Geoff Kendrick, the Global Head of Digital Assets Research at Standard Chartered, and his team have delivered an optimistic outlook for Solana’s trajectory under a Trump administration. The analysts predict that, while Solana could reach a five-fold increase, Ethereum may witness a four-fold rise, and Bitcoin is expected to see a three-fold appreciation in value. In their report dated October 8, they stated, “In rough terms from today’s prices under Trump, I predict the following multiples by year-end 2025: SOL 5X, ETH 4X, BTC 3X.” The Standard Chartered analysts assert that a Trump administration would likely foster a more favorable regulatory climate for ambitious projects within the digital asset ecosystem, thereby benefitting Solana. They also signal that the establishment of a Solana exchange-traded fund (ETF) would be more plausible under a Trump-led government. The bank’s strategists believe that Trump’s prospective focus on innovation will create a more welcoming market environment for cryptocurrencies like Solana, allowing it to solidify its position within the blockchain sector. In contrast, if Kamala Harris were to assume the presidency, the report indicates a more restrictive regulatory approach towards cryptocurrencies, likely favoring Ethereum due to its more established presence in the marketplace. Standard Chartered has estimated that, under a Harris administration, Ethereum could reach approximately $7,000, while it predicts significant gains for Bitcoin, with expectations of it reaching beyond $200,000 by the end of 2025 in any scenario.

The crypto market has been subject to fluctuating sentiments influenced significantly by political leadership and regulatory considerations. Solana has emerged as one of the prominent cryptocurrencies, presenting a competitive alternative to Bitcoin and Ethereum. As the political landscape shifts with the 2024 Presidential election approaching, insights from financial institutions like Standard Chartered become increasingly relevant for market participants seeking to understand likely outcomes based on different presidential scenarios. The contrasting regulatory outlook and its impact on emerging technologies is pivotal in shaping the trajectories of these cryptocurrencies.

In summary, the Standard Chartered bank projects substantial growth for Solana’s cryptocurrency SOL, predicting a five-fold increase by 2025, particularly under a Trump presidency. In comparison, they suggest that Bitcoin and Ethereum will also experience significant gains, albeit at lower multiples than Solana in this scenario. In contrast, a Harris administration may align with more restrictive measures affecting the growth of newer blockchain technologies, instead favoring established cryptocurrencies such as Ethereum. This analysis underscores the profound influence of political landscapes on cryptocurrency valuations and market behaviors.

Original Source: zycrypto.com

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