The analysts at Standard Chartered Bank believe Solana (SOL) appears overvalued compared to Ethereum (ETH), citing metrics that indicate a premium on SOL despite its declining yield rates.
The future performance of Solana, Ethereum, and Bitcoin is believed to be influenced by the outcome of the upcoming U.S. presidential election, with predictions swinging significantly based on administration policies toward cryptocurrency regulations.
The report posits that under a Trump presidency, SOL is expected to outperform both ETH and BTC due to potentially accommodating regulatory changes, while a Harris administration could hinder SOL's growth.
Despite predictions of SOL being overvalued, Standard Chartered's analysts remain bullish on the overall crypto market, including anticipated price surges for Bitcoin and Ethereum, regardless of political administration.
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