Standard Chartered Bank projects SOL to rise from $175 to $500 by 2029 with a bullish outlook.
Solana may underperform Ethereum in the short term due to its reliance on memecoin trading activity.
Solana dominates memecoin trading, but concerns arise about sustainability as markets anticipate future earnings decline from this trend.
Despite concerns of limited diversification, Standard Chartered Bank remains optimistic about Solana's long-term value and potential price appreciation.