Standard Chartered Sees Solana Doubling to $250 by Year-End

Standard Chartered has set an ambitious price target for Solana, predicting the cryptocurrency will reach $250 by December 2026. Currently trading at around $121, Solana would need to more than double its value to meet this forecast. The bank originally projected a $310 target in February but revised it downward due to shifting market dynamics.

The token has seen only modest gains since the forecast, rising about 18% in the past month but still lagging 59% below its record high of $293, achieved in January 2025. Standard Chartered’s long-term outlook remains bullish, with a $2,000 target set for 2030.

Geoff Kendrick from Standard Chartered highlighted Solana’s growing use in decentralized exchanges, particularly for stablecoin pairings, and its potential for microtransactions due to low fees. However, he noted that Solana may struggle to surpass Ethereum until payment volumes increase significantly.

To reach $250, Solana would need a 107% gain in under three months, a challenging hurdle given current market conditions. The network’s validators recently doubled the disinflation rate, which may help control supply growth but won’t necessarily drive demand. Stablecoin transactions and ETF inflows will be key metrics to watch in determining Solana’s ability to meet the target.