Standard Chartered Bank has released a report predicting that Solana (SOL) could outperform Bitcoin and Ethereum under a potential Trump administration. The report suggests that Solana could experience significant growth due to a regulatory environment that is favorable to innovation and emerging technologies like Solana.
According to the report, if former President Donald Trump were to win the election against Vice President Kamala Harris, Solana could see a valuation increase of up to 400x from its current value, reaching as high as $10,000. This growth is attributed to Solana’s superior transaction processing speed and increased throughput, which could thrive in a pro-innovation regulatory landscape.
On the other hand, the report also considers the scenario of Vice President Kamala Harris winning the election. Under a Harris administration, Ethereum (ETH) is predicted to outperform Solana, with its price potentially climbing to $18,000 by 2026. Harris is expected to introduce stricter regulatory frameworks, which could benefit Ethereum due to its established presence and institutional adoption.
Standard Chartered Bank’s report highlights the importance of US regulatory policy in shaping the future of digital assets. While both Solana and Ethereum are poised for growth, the political landscape could have a significant impact on their trajectories. The report suggests that both cryptocurrencies could outperform Bitcoin in the coming years, signaling a potential shift in the hierarchy of leading cryptocurrencies.
In conclusion, the report emphasizes the role of regulatory environments in influencing the growth and performance of digital assets. Whether under a Trump or Harris administration, the future of Solana, Ethereum, and other cryptocurrencies will be shaped by the regulatory policies put in place. Investors and stakeholders in the blockchain sector will need to closely monitor these developments to navigate the evolving landscape of digital assets.