Over the past year, the SOL rate has increased by 538 per cent. Since the beginning of 2024, it is up 38 per cent, which is not bad compared to many other coins.

Changes in the Solana SOL cryptocurrency exchange rate over the past year

This year, Solana's tangible growth is due to a combination of several factors - significant improvements in scalability and network performance, increased developer and user activity, and integration with key projects in decentralised finance and NFT. Of course, we cannot forget meme tokens, many of the largest representatives of which were launched in this network. Examples of such projects are dogwifhat, BONK and Popcat.

The network itself is also becoming more mature. At the end of September, the Frankendancer validator client, which is a limited version of Firedancer, started working in Solana’s mainnet. Thanks to this, the blockchain will be able to better withstand crisis situations and continue to operate if a major bug is discovered in one client.

Solana SOL rate forecast for 2025

In general, Kendrick’s forecast is as follows. The relevant rejoinder is provided by The Block.

In general terms, based on today’s prices, under the Trump administration, I predict the following ixes by the end of 2025: SOL – 5x, ETH – 4x, BTC – 3x.


That is, the analyst expects Solana to jump about five times, and Efirium and Bitcoin to rise four and three times, respectively, if Donald Trump wins the election. This distribution seems logical, because the higher the market capitalisation of a certain project, the more difficult it is to influence its value, and the less potential there is for price increases.

Traditionally, we note that any expert can be wrong. Therefore, such a forecast should be perceived only as one of the probabilities of the market situation development.


BTC rate in the scale of 1-day chart

He also noted that if Kamala Harris becomes president, Bitcoin will surpass Efirium in terms of profitability, and ETH will already be more favourable for investors than Solana itself. That is, investors will be characterised by a lower risk appetite.

In dollar terms, we assume that ETH will reach the $7,000 level by the end of 2025 if Kamala Harris becomes president.

Changes in the rate of cryptocurrency Etherium ETH cryptocurrency in 2024

At the same time, the expert predicts Bitcoin’s growth up to $200 thousand by the end of 2025, regardless of the outcome of the election on 5 November 2024.

In general, Kendrick described the specific conditions necessary for the realisation of his Solana forecast. He believes a Trump administration would be a better bet for the altcoin ecosystem compared to Harris. Here’s a commentary on the matter.

The launch of a Solana-based exchange-traded fund (ETF) will be more likely under a Trump presidency. Indications are that the market is pricing in very bright growth prospects for Solana, with an expected 100-400x throughput increase.

SOL rate at scale on a 1-day chart

To support these ambitious valuations, the release of Firedancer should occur in the foreseeable future. As a reminder, Firedancer is a new third-party validator client for the Solana blockchain developed by Jump Crypto in collaboration with the Solana Foundation.

Its goal is to significantly improve network performance and security by optimising transaction processing and improving infrastructure.

Kendrick’s prediction may be closer to reality than most people think. Still, Donald Trump’s chances of winning the US presidential election on the Polymarket platform rose above 53 per cent on Monday.

He thus overtook Vice President Kamala Harris, who had a slight advantage last week.

Polymarket’s odds of candidates winning the US presidential election

This surge has led to speculation about possible manipulation centred around a user with the nickname Fredi9999 – he has accumulated more than 7.8 million Trump shares, becoming the largest holder on the platform. His methodical strategy of accumulating shares, especially in the key state of Pennsylvania, has drawn attention.

Some market participants have speculated that Fredi may be linked to billionaire Ilon Musk, given the coincidence of large bets with Musk’s pro-Trump statements on his social media accounts.

There is no direct evidence to support this theory. However, enthusiasts still note that the substantial funds and increased interest in Trump fit the profile of a passionate and wealthy supporter of the former president, Decrypt reported.

Fredi9999 profile on Polymarket

As a reminder, the principle of betting on Polymarket is simple. The price of a share varies from $0 to $1 and reflects the probability of one or another outcome of events. For example, if a candidate’s share costs 63 cents, it means that the market estimates his chances of winning at 63 per cent.

Traders can buy shares of a candidate whose victory they are confident of, and when the event occurs, the corresponding shares of the winner will rise to $1. Lower odds lead to lower share prices – and vice versa.


The forecast of the representative of Standard Chartered may seem too positive, because taking into account the behaviour of the market over the past six months to believe in the growth of Bitcoin to the same 200 thousand will be quite difficult. However, the cryptocurrency niche knows how to surprise, which has been proven many times in recent years. Therefore, it is hardly worth writing off such a scenario.