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.
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.