Standard Chartered Lowers Short-Term Solana Projections, Eyes $2,000 by 2030

Standard Chartered has revised its near-term predictions for Solana, projecting a rise to $2,000 by the end of the decade despite challenges in scaling.

Analysts at Standard Chartered have adjusted their short-term outlook for Solana, suggesting a more cautious approach to its price trajectory in the coming years. Despite this, they maintain a bullish long-term view, predicting that the cryptocurrency could reach $2,000 by the year 2030.

The analysts highlighted Solana's innovative "ultra-low-cost" payment model, which they believe positions it well to capture significant market share in the micropayments sector. However, they caution that the scaling challenges faced by Solana may require additional time to address effectively.