British multinational bank Standard Chartered has lowered its end-2026 Solana price target, while raising long-term forecasts, noting that the blockchain is set to evolve beyond its memecoin-dominated activity toward micropayments and stablecoin transactions.
$2,000 SOL By 2030 Despite 50% Decline
In a Tuesday note, Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered, slashed his year-end forecast for Solana to $250 from $310, citing the time required for the network’s next dominant use case to grow.
At the same time, Kendrick raised projections for subsequent years, seeing a path to $2,000 by end-2030.
The revised outlook comes as Solana changes hands at around $98.33, down 22.4% over the last seven days and over 50% year-to-date, per data from CoinGecko, a dramatic decline from its all-time high of $293.31 set in January 2025 following the debut of President Donald Trump’s Official Trump (TRUMP) meme coin on the network.
Solana Evolving Beyond Its “One-Trick Pony” Image
Kendrick noted that Solana is moving from “memecoins to micropayments”. Last year, roughly half of Solana’s protocol fees originated from memecoin trading on decentralized exchanges. However, the data now signal a shift in trading flows—from meme tokens to SOL-stablecoin pairs —suggesting that the blockchain is “no longer a one-trick pony.”
“A deeper dive into flow types on Solana DEXs, however, shows that along with the decline in transaction volumes, the mix of flows on DEXs has shifted from memecoin trading towards SOL-stablecoin pairs,” Kendrick wrote, adding that if it’s sustained, “this could suggest that a new sector is opening up for Solana in a post-memecoin world.”
Overall, the bank expects Solana to underperform Ethereum through 2026 and 2027, before gradually catching up as the micropayments use case scales. Over the long term, the bank expects SOL to outperform Bitcoin between 2027 and 2030.
Standard Chartered’s revised targets now project SOL will reach $400 by the end of 2027, $700 by the end of 2028, and $1,200 by the end of 2029.
Source: https://zycrypto.com/standard-chartered-trims-solana-2026-target-but-still-sees-sol-price-hitting-2000-by-2030/
