Standard Chartered Cuts Near-Term Solana Forecast, Sees $2,000 by Decade's End
Standard Chartered has lowered its 2026 Solana (SOL) price target from $310 to $250 amid a steep decline in SOL’s price but raised longer-term forecasts, projecting it could reach $2,000 by the end of 2030. The bank cites Solana’s potential to dominate micropayments and stablecoin transactions, supported by ultra-low fees and fast, reliable transaction speeds. Current activity is shifting from meme coin trading toward SOL-stablecoin pairs, with Solana-based stablecoin transactions turning over two to three times faster than on Ethereum. Revised projections now estimate SOL at $400 by end-2027, $700 by 2028, and $1,200 by 2029. Key indicators for future growth include rising stablecoin transfer volumes and velocity on Solana. The network’s low median gas fees (around $0.0007) make it economically viable for small transactions that are unprofitable on other blockchains. Standard Chartered expects Solana to lag Ethereum until 2027 but catch up as micropayment adoption grows, and to outperform Bitcoin through 2030 despite current market headwinds and a transition from meme coin-driven activity.
