strong buy

Standard Chartered Predicts Solana Could Hit $500 by 2029

Standard Chartered analysts forecast that the price of the cryptocurrency Solana (SOL) could reach $500 by 2029. In the near term, over the next 2-3 years, the token is expected to show limited growth compared to Ethereum (ETH). Currently, Solana ranks sixth by market cap with $91.9 billion and is trading around $176, which is 40% below its all-time high.
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AI Analysis

The forecast by Standard Chartered suggests a highly optimistic long-term outlook for Solana (SOL), with a target price of $500 by 2029. This projection indicates confidence in Solana's technological ...

AI Recommendation

Investors should consider the long-term potential highlighted by the forecast, recognizing that Solana’s future growth could be substantial if the predicted technological advancements and market condi...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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