$SOL to Skyrocket Fivefold Under Trump Government?
Crypto prices react to various factors, including the rise and fall of global financial markets, geopolitics, and national politics. Based on SOL's
Standard Chartered (OTC:SCBFF) analysts are predicting a massive pump in the Solana (CRYPTO: SOL) price if Donald Trump wins the U.S. presidential election.
According to the analysts, a Trump victory will lead to a fivefold increase in SOL by the end of 2025.
The analysts also expect a Trump government to be more supportive of SOL than a Harris administration.
They further projected that a Solana exchange-traded fund will be more likely to be approved under Trump.
Solana is a proof-of-stake blockchain that was launched in 2020 by the Solana Foundation. It is designed to be highly scalable and can process thousands of transactions per second.
The native cryptocurrency of the Solana blockchain is SOL, which is used to pay transaction fees and participate in the governance of the network.
Solana has become a popular chain for various crypto projects and memecoins, thanks to its fast processing times and low fees.
The SOL token has also performed well in 2023, rallying over 140% year-to-date.
Solana is currently the ninth-largest cryptocurrency by market cap, with a circulating supply of 325 million SOL and a total market cap of around $46 billion.
A Trump Victory to Impact SOL, BTC, and ETH Prices?
Standard Chartered Global Head of Digital Assets Research Geoff Kendrick said in a Tuesday note that a Trump victory will have a varying impact on top crypto coins.
"In rough terms from today's prices under Trump I predict the following multiples by year-end 2025: SOL 5X, ETH (Ethereum) 4X, BTC (Bitcoin) 3X."
Kendrick also said a Harris administration will see Bitcoin outperforming Ether, with such a development allowing Ethereum to outpace Solana.
"In U.S. dollar terms, we anticipate Ethereum reaching the $7,000 level by the end of 2025 in a scenario where Kamala Harris is president."
However, Standard Chartered anticipates BTC prices to reach up to $200,000 by the end of 2025, irrespective of who wins on Nov. 5, the analysts said.
Trump, Crypto, and Standard Chartered Standard Chartered analysts have been predicting the impact of the U.S. presidential election on crypto prices.
Earlier this month, the bank's analysts said a Trump victory will be more bullish for Bitcoin than a Harris win.
The analysts also said a Trump win will be more bullish for BTC than a Biden victory in the 2024 presidential election.
Trump has repeatedly pumped Bitcoin and the broader cryptocurrency industry in recent months, leading several industry experts and analysts to anticipate positive movement in the crypto market if he wins the election.
The above is the detailed content of $SOL to Skyrocket Fivefold Under Trump Government?. For more information, please follow other related articles on the PHP Chinese website!
FloppyPepe (FPPE) Price Could Explode As Bitcoin (BTC) Price Rallies Towards $450,000May 09, 2025 am 11:54 AMAccording to a leading finance CEO, the Bitcoin price could be set for a move to $450,000. This Bitcoin price projection comes after a resurgence of good performances, signaling that the bear market may end.
Pi Network Confirms May 14 Launch—Qubetics and OKB Surge as Best Cryptos to Join for Long Term in 2025May 09, 2025 am 11:52 AMExplore why Qubetics, Pi Network, and OKB rank among the Best Cryptos to Join for Long Term. Get updated presale stats, features, and key real-world use cases.
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) Declares a Dividend of $0.88 Per ShareMay 09, 2025 am 11:50 AMTORONTO, May 8, 2025 /CNW/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.88 per share on the common shares of the Company has been de
Sun Life Announces Intended Renewal of Normal Course Issuer BidMay 09, 2025 am 11:48 AMMay 7, 2025, the Company had purchased on the TSX, other Canadian stock exchanges and/or alternative Canadian trading platforms
The Bitcoin price has hit $100k for the first time since February, trading at $101.3k at press time.May 09, 2025 am 11:46 AMBTC's strong correlation with the Global M2 money supply is playing out once again, with the largest cryptocurrency now poised for new all-time highs.
Coinbase (COIN) Q1 CY2025 Highlights: Revenue Falls Short of Expectations, but Sales Rose 24.2% YoY to $2.03BMay 09, 2025 am 11:44 AMBlockchain infrastructure company Coinbase (NASDAQ: COIN) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 24.2% year
Ripple Labs and the SEC Have Officially Reached a Settlement AgreementMay 09, 2025 am 11:42 AMRipple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a deal that, if approved by a judge, will bring their years-long legal battle to a close.
JA Mining Helps Global Users Share the Benefits of the Bitcoin Bull MarketMay 09, 2025 am 11:40 AMBy lowering the threshold for mining and providing compliance protection, JA Mining helps global users share the benefits of the Bitcoin bull market.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Atom editor mac version download
The most popular open source editor
EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft
