Standard Chartered Cuts Near-Term Solana Target but Sees $2,000 by 2030
Analyst trims 2026 forecast to $250 from $310, betting on stablecoin micropayments for long-term growth
Geoffrey trimmed his 2026 SOL forecast to $250 from $310, citing current market conditions and the memecoin-driven volatility that has plagued the ecosystem. However, he sees Solana ultra-low-cost transaction model as ideally positioned to capture the growing stablecoin micropayments market.
The analyst argues that as Solana matures beyond its memecoin phase, its technical advantages in processing cheap, fast transactions will attract institutional adoption for real-world payment use cases. This transition from speculation to utility could drive substantial long-term appreciation.
The forecast comes amid a broader crypto market downturn, with Bitcoin struggling around $77,000 and precious metals surging as investors seek safe havens. Solana has been particularly hard hit, down significantly from its recent highs.
Analysis
Why This Matters
Standard Chartered represents traditional finance views on crypto, and their long-term bullishness despite near-term caution signals institutional confidence in Solana fundamentals.
Background
Solana has faced criticism for its memecoin-heavy ecosystem, but its technical capabilities for cheap, fast transactions remain compelling for payment use cases.
What to Watch
Whether Solana can attract legitimate stablecoin and payments adoption beyond speculation will determine if this $2,000 target is realistic.