Standard Chartered: SOL Expected to Reach $500 by 2029
Standard Chartered Bank analyst Geoffrey Kendrick expects Solana may lag behind Ethereum in the short term until new use cases beyond Memecoins gain attention. He believes SOL will reach $275 by the end of 2025 and $500 by 2029. Geoffrey Kendrick noted in the report: Solana's current use is very extensive, especially in the trading sector, where Solana dominates Memecoin trading. This is because it can handle a large number of transactions simultaneously while maintaining low user fees.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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