Standard Chartered Research: Solana’s Valuation Growth Potential Under Trump vs. Harris Administration
Standard Chartered’s latest research report has sparked a debate in the crypto community, suggesting that the outcome of the next US presidential election could have a significant impact on the valuation of leading digital assets, particularly Solana (SOL) and Ethereum (ETH).
The report, authored by Geoffrey Kendrick, StanChart’s head of crypto research, predicts that a Trump administration would be more favorable for Solana’s growth, while a Harris presidency would benefit Ethereum.
Under a Trump presidency, Solana could potentially see a valuation surge of up to 400x, reaching as high as $10,000, driven by a pro-innovation regulatory landscape that could accelerate the growth of emerging technologies like Solana.
On the other hand, a Harris administration is expected to introduce stricter regulatory frameworks that could slow down innovation for newer blockchain platforms like Solana, but benefit Ethereum due to its established presence and institutional adoption.
The report also suggests that both SOL and ETH could outperform Bitcoin in the coming years, signaling a potential shift in the dominance of leading cryptocurrencies.
With the 2024 presidential election on the horizon, the crypto market is closely watching the political landscape in anticipation of how it could shape the future trajectory of digital assets.
