Solana’s price run may face challenges as Ethereum (ETH) gains traction among institutional investors. A recent report by Standard Chartered, a significant global bank, suggests that while the price target for Solana's SOL is bullish at $275 by year’s end and $500 by 2029, ETH is likely to outperform SOL in the short to medium term. Despite Solana showing promise with a smaller market cap yet maintaining a competitive real economic value (a measurement of demand in blockchain transactions), concerns around Ethereum's scalability and fee structure could influence its value. It has been observed that Ethereum's trading volumes do not equate to high fees, which might hamper its ability to gain value. Analyst Kendrick notes that the market perceives Solana’s recent rise tied to memecoin trading as unsustainable, though such trading activity has proven to be more durable than previously anticipated. With SOL’s price to ETH ratio nearing 15%, the market sentiment indicates a cautious outlook for Solana in the face of ETH's institutional appeal.

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