TA will surge 500%! Standard Chartered Bank: Trump's election as US President in November will set off a bull market

FX168 Financial News Agency (Asia Pacific) reported that the November winning rate of former US President and Republican presidential candidate Donald Trump formed a golden cross, successfully surpassing Vice President Kamala Harris. Standard Chartered Bank expects that if Trump is elected as US President in November, the price of Solana token SOL, a US blue-chip public chain, is expected to rise by 500% by the end of 2025.

According to The Block, based on the current price and the potential impact of Trump winning the US presidential election, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, predicts that by the end of 2025, the price of SOL may rise by 500%, Ethereum may rise by 400%, and the value of Bitcoin may rise by 300%.

He also said that if Harris becomes president, he expects Bitcoin to outperform Ethereum, which in turn will outperform Solana.

He added: “In US dollar terms, we expect Ethereum prices to reach $7,000 by the end of 2025 under a Harris presidency.”

Regardless of the outcome of the November 5 election, Kendrick expects Bitcoin prices to rise to $200,000 by the end of 2025.

Source: The Block

According to a large cryptocurrency betting platform, Trump's chances of winning in November reached 52.9%, having reversed and surpassed Harris.

Source: Polymarket

So far this year, SOL prices have risen by 41.10%.

Source: Trading View

Kendrick outlined the specific conditions needed to achieve his valuation prediction for Solana.

He believes that the Trump administration is more supportive of the Solana ecosystem than the Harris administration.

He continued: "The launch of a Solana ETF is more likely under a Trump presidency."

"Indicators show that the market is very bullish on Solana's future growth prospects, and its throughput is expected to increase by 100 to 400 times," he continued.

He emphasized that for his valuation prediction for Solana to be realized, the network's throughput needs to increase significantly.

Kendrick pointed out that the new third-party validator client software Firedancer, which is designed to improve Solana's efficiency, needs to be put into operation, which is designed to increase transactions per second to 1 million.

In addition, he added that Solana needs to establish dominance in multiple fields including finance, consumer services, and decentralized physical infrastructure (DePIN), which generally have high throughput requirements.

In order to increase the number of traditional users, Solana has made important progress in launching smartphones.

Solana Mobile has officially announced details of the next-generation Web3 smartphone Solana Seeker, formerly known as Chapter Two, which is scheduled to be released in 2025 and will offer a number of improved features.

Seeker has received more than 140,000 reservations, and the Solana mobile development community has actively embraced Seeker, developing a large number of exclusive dApps and features for the device. Seeker's core features include a built-in self-hosted Seed Vault wallet, Solana Mobile dApp store, Seeker Genesis Token (a soul-bound NFT), and upgraded hardware configuration.

Solana co-founder Anatoly Yakovenko said that Seeker will offer a higher standard than Saga at a more affordable price, aiming to become the most defining Web3 mobile device next year.