Standard Chartered on Tuesday downgraded its near-term outlook for Solana (CRYPTO: SOL) but raised long-term price targets, arguing the network is evolving beyond meme coin speculation toward stablecoin-driven micropayments.
Near Term Cut, Long Term Raised
Standard Chartered lowered its 2026 Solana target to $250 from $310 as the token struggles in the short term, recently trading near $97 following a sharp drawdown, Decrypt reported on Tuesday.
At the same time, the bank raised its long-term outlook, setting targets of $400 by the end of 2027, $700 by 2028, $1,200 by 2029 and $2,000 by 2030.
The bullish thesis centers …