PANews February 4 News, according to CoinDesk, Standard Chartered Bank’s Head of Cryptocurrency Research Geoff Kendrick believes that Solana is evolving from a meme coin-focused network to a backbone network for stablecoin-based microtransactions. Although Geoff Kendrick has lowered his 2026 price forecast for SOL to $250, he expects the price of SOL to reach $2000 by 2030. SOL has been particularly affected by the downturn in the cryptocurrency market, dropping about 60% since mid-September.
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