Standard Chartered Predicts Solana Could Reach $2,000 by 2030
By John Nada·Feb 3, 2026·2 min read
Standard Chartered forecasts Solana could reach $2,000 by 2030, driven by stablecoin micropayments. Analyst Geoffrey Kendrick remains bullish despite recent price adjustments.
Solana's potential isn't dimmed by its recent plunge to $100, with Standard Chartered forecasting a rise to $2,000 by 2030. Analyst Geoffrey Kendrick has adjusted his price target for SOL down to $250 from $310 for 2026, yet he remains bullish on Solana's long-term prospects. Kendrick attributes this optimism to the increasing role of stablecoin micropayments, suggesting Solana is evolving beyond its previous reputation tied to memecoins.
The report highlights a significant shift in trading dynamics, moving from meme tokens to SOL-stablecoin pairs. This change suggests Solana is finding new applications in the crypto ecosystem. Notably, stablecoin turnover on Solana has now outpaced Ethereum, indicating a growing market for high-frequency, low-cost transactions. Kendrick points to platforms like x402, created by Coinbase, which facilitate micro-sized payments using stablecoins at low costs, underscoring Solana’s suitability for such innovations due to its lower gas fees.
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Institutional interest in Solana is also on the rise. Since October 2025, the Bitwise BSOL ETF has attracted a large portion of net inflows into SOL-related ETFs, managing over 1% of the total supply of SOL. With digital asset treasuries holding nearly 3% of SOL, the groundwork is being laid for further adoption.
Kendrick's revised projections set SOL at $400 in 2027, $700 in 2028, and $1,200 in 2029. Solana’s future looks promising, as it is positioned to capitalize on the emerging digital payment landscape. Investors and enthusiasts should pay attention to how these developments unfold.