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Standard Chartered has issued a cautionary signal regarding Solana, reducing their 2026 target to $250. However, they have also reaffirmed a bold prediction of $2,000 by 2030.
This presents a stark contrast: immediate pressure versus long-term confidence.
The bank anticipates that Solana is transitioning from mere speculation to genuine utility. Such a shift is seldom seamless, often resulting in current volatility but potential growth in the future.
- Target Adjustment: The 2026 forecast has been lowered from $310 to $250, due to transitional risks.
- Long-Term Bull: The 2030 target is set at $2,000, fueled by its dominance in micropayments.
- Market Signal: Analysts view the transition from memecoins to stablecoins as a significant driver of utility.
Implications of Standard Chartered’s Revised Targets for Solana
Standard Chartered perceives Solana as being at a pivotal moment. Geoffrey Kendrick, who heads digital asset research at the bank, indicates that SOL is moving away from its memecoin reputation towards a more substantial role, emphasizing enhanced infrastructure and real financial applications.
Source: Geoffrey Kendrick
This transition is not without challenges. The adjusted target of $250 for 2026 reflects this change. While growth potential remains, it may not resemble the dramatic surges seen in previous cycles.
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For retail investors, this presents a trade-off. The short-term upside may be more subdued, but the long-term outlook appears more robust if genuine utility continues to develop.
Solana Price Forecast: Analyzing the Updated SOL Valuations
The roadmap is comprehensive. Standard Chartered has reduced the 2026 target to $250 from $310, anticipating a phase of consolidation as activity evolves.
Following this, projections accelerate: $400 by 2027, $700 in 2028, $1,200 in 2029, and reaching $2,000 by the end of 2030.
The underlying thesis focuses on network velocity. Reportedly, stablecoin turnover on Solana is 2 to 3 times greater than on Ethereum, positioning it well for rapid, low-value transactions. This level of throughput is what long-term valuation models are relying on.
Source: Glassnode
Solana coins have been consistently leaving exchanges. Historically, such outflows indicate accumulation. Thus, despite a short-term downgrade, some participants seem to be preparing for the broader perspective.
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