The solana cryptocurrency could outperform ether and bitcoin in a big way if former President Donald Trump wins the U.S. election, according to Standard Chartered.
In a new research note, the bank's head of digital assets, Geoffrey Kendrick, outlined his expectations for bitcoin, ether and solana depending on whether Trump or his Democratic opponent Vice President Kamala Harris wins the presidential election.
"Similar arguments can be made for the relative outlook for ETH versus BTC under a Trump versus Harris outcome in the US," Kendrick added.
If Harris takes the White House, however, Kendrick said he expects bitcoin to outperform ether, and ether to outperform solana in 2025.
Solana valuation Despite his bullish call on solana under a Trump presidency, Kendrick noted that its current valuation looks "richly priced" versus ether on all backward-looking measures.
Persons:
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Organizations:
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Locations:
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