$SOL to Skyrocket Fivefold Under Trump Government?

Crypto prices react to various factors, including the rise and fall of global financial markets, geopolitics, and national politics. Based on SOL's

Standard Chartered (OTC:SCBFF) analysts are predicting a massive pump in the Solana (CRYPTO: SOL) price if Donald Trump wins the U.S. presidential election.

According to the analysts, a Trump victory will lead to a fivefold increase in SOL by the end of 2025.

The analysts also expect a Trump government to be more supportive of SOL than a Harris administration.

They further projected that a Solana exchange-traded fund will be more likely to be approved under Trump.

Solana is a proof-of-stake blockchain that was launched in 2020 by the Solana Foundation. It is designed to be highly scalable and can process thousands of transactions per second.

The native cryptocurrency of the Solana blockchain is SOL, which is used to pay transaction fees and participate in the governance of the network.

Solana has become a popular chain for various crypto projects and memecoins, thanks to its fast processing times and low fees.

The SOL token has also performed well in 2023, rallying over 140% year-to-date.

Solana is currently the ninth-largest cryptocurrency by market cap, with a circulating supply of 325 million SOL and a total market cap of around $46 billion.

A Trump Victory to Impact SOL, BTC, and ETH Prices?

Standard Chartered Global Head of Digital Assets Research Geoff Kendrick said in a Tuesday note that a Trump victory will have a varying impact on top crypto coins.

"In rough terms from today's prices under Trump I predict the following multiples by year-end 2025: SOL 5X, ETH (Ethereum) 4X, BTC (Bitcoin) 3X."

Kendrick also said a Harris administration will see Bitcoin outperforming Ether, with such a development allowing Ethereum to outpace Solana.

"In U.S. dollar terms, we anticipate Ethereum reaching the $7,000 level by the end of 2025 in a scenario where Kamala Harris is president."

However, Standard Chartered anticipates BTC prices to reach up to $200,000 by the end of 2025, irrespective of who wins on Nov. 5, the analysts said.

Trump, Crypto, and Standard Chartered Standard Chartered analysts have been predicting the impact of the U.S. presidential election on crypto prices.

Earlier this month, the bank's analysts said a Trump victory will be more bullish for Bitcoin than a Harris win.

The analysts also said a Trump win will be more bullish for BTC than a Biden victory in the 2024 presidential election.

Trump has repeatedly pumped Bitcoin and the broader cryptocurrency industry in recent months, leading several industry experts and analysts to anticipate positive movement in the crypto market if he wins the election.