Donald Trump

Solana

2024

Standard

According to a report from banking giant Standard Chartered, if Donald Trump wins the 2024 U.S. presidential election, Solana price surge could go up to 400%. The head of digital assets at the bank claims that Solana’s faster transaction speed and support for decentralized applications make it ripe for a surge in development and user activity in a pro-crypto Trump administration.&nbsp; 
<h2 id="b-standard-chartered-predicts-huge-solana-explosion-b">Standard Chartered Predicts Huge Solana Explosion</h2> 
On a separate note, Standard Chartered’s digital assets head Geoffrey Kendrick in March projected a major Solana leg-up if Trump wins in 2024. He taps <a href="https://news.bitcoin.com/solana-could-surge-400-under-trump-presidency-standard-chartered-predicts/" rel="nofollow noopener" target="_blank">Solana</a> for its strong ecosystem infrastructure, suggesting the cryptocurrency could surge 400%. Kendrick indicated that this Solana charge can be achieved on the back of swift transaction support and facilitating decentralized applications (dApps), which are highly sought after in a political arena that is more friendly towards crypto. 
<figure id="attachment_22719" aria-describedby="caption-attachment-22719" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-22719" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/7fa2ebbe-e512-41e7-8492-856473e2ea4f.jpg" alt="Solana Price Surge" width="1024" height="576" title="Solana Could Soar 400% If Trump Wins, Says Standard Chartered 15" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/7fa2ebbe-e512-41e7-8492-856473e2ea4f.jpg 1024w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/7fa2ebbe-e512-41e7-8492-856473e2ea4f-768x432.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption id="caption-attachment-22719" class="wp-caption-text">
 Solana Price Surge
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</figure> 
Kendrick also noted that a rally behind Solana would mirror the broader adoption of digital goods. He said that a Trump administration has the potential to spur on policies, which would likely be good for cryptocurrencies along the lines of Solana, that could help push forward a Solana ETF development. 
<h2 id="b-projections-for-solana-price-surge-under-trump-presidency-b">Projections for Solana Price Surge Under Trump Presidency</h2> 
Kendrick, in an email to CNBC, mapped out his 2025 numbers for Solana and expects the SOL rally will see it closing above $700 by the end of the year. He also pointed out that Solana’s high transaction speed and dApp support would give the blockchain platform points for exponential growth. Should a bullish case be upheld for crypto and markets at large, Solana may have the chance to be a performing cryptocurrency alongside major coins like Bitcoin and Ethereum, says Kendrick. 
In addition, according to Kendrick’s calculations, a throughput increase of 100-400 times would make Solana ‘actually justified’ at its current valuation. Such growth in usage might push Solana to surge even more, cementing its standing as a major digital asset. 
 Speaking with sources, he remarked, “This rich valuation requires throughput on Solana to increase 100-400X (over the next several years), something that seems more reasonable under Trump than Harris.” 
<figure id="attachment_22721" aria-describedby="caption-attachment-22721" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="size-full wp-image-22721" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/0_j031cE0AQBwxxn90.png" alt="Solana Price Surge" width="975" height="548" title="Solana Could Soar 400% If Trump Wins, Says Standard Chartered 16" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/0_j031cE0AQBwxxn90.png 975w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/0_j031cE0AQBwxxn90-768x432.png 768w" sizes="(max-width: 975px) 100vw, 975px">
 <figcaption id="caption-attachment-22721" class="wp-caption-text">
 Solana Price Surge
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</figure> 
<h2 id="b-trump-vs-harris-solana-pump-due-to-us-opposition-b">Trump vs Harris: Solana Pump Due To US Opposition?</h2> 
Kendrick’s take also posited that Solana would not see a boost to the same magnitude under a Harris administration. A Trump administration would be much more free with cryptocurrencies in this bull market and that would bring a Solana moon even higher than it will under Harris. As a counterpoint, a Harris administration might cap Solana growth as Ethereum and Bitcoin have a stronghold. 
Nevertheless, whatever happens in the political arena, Kendrick argues that Solana is poised for significant long-term gains regardless. That said, if broader Web3 adoption continues to increase, even a more moderate Solana rally could happen under less favourable circumstances. 
<h2 id="b-conclusion-can-a-solana-price-surge-shape-the-future-b">Conclusion: Can a Solana Price Surge Shape the Future?</h2> 
The possibility for political conclusions that would affect crypto is part of what market participants are keeping an eye on as the 2024 U.S. election approaches. The 400% Solana rally Standard Chartered is calling for under Trump has investors and analysts watching closely. Whether this Solana rally pans out will depend on a variety of things, including political circumstances, market forces and the ongoing development of blockchain technology. 
Traders and investors are keeping a close eye on the US elections, wondering how the results would affect Solana’s price surge. Changes in politics and regulations can have a big impact on market mood and increase interest in cryptocurrencies. The cryptocurrency community is prepared for possible turbulence and possibilities related to Solana’s performance as the election draws near. 
<a href="https://www.turkishnyradio.com/">Turkishnyradio</a> is available 24/7 and includes views on current happenings in cryptocurrency and blockchain. Stay tuned, stay above the trend. 
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Solana Could Soar 400% If Trump Wins, Says Standard Chartered

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