The Crypto Desk desk. Editor: Sam Daodu.

Standard Chartered forecasts that Solana (CRYPTO: SOL) could reach $1,200 by 2029, while other analysts predict Bitcoin (CRYPTO: BTC) could hit six-figure valuations by 2028 or 2029. Bitcoin is currently trading at $64,664, down 26.1% since the start of 2026 and 48.7% below its all-time high of $126,080 reached in October 2025.

Meanwhile, Solana is priced at $71, down 42.7% this year and 75.7% from its all-time peak of $293 in January 2025.

In the past week alone, Bitcoin fell 14.9%, while Solana dropped 20.6%. A previous analysis of where Bitcoin and Solana could be in two years started from much higher price points. Our free Bubble Survivor’s Handbook covers swings like these, from navigating a crypto boom to knowing when to exit. So, where might Bitcoin and Solana realistically land in 3 years?

Bitcoin Hits Its Lowest Level Since July as Solana Falls to $68

A close-up photograph of a silver Bitcoin cryptocurrency coin resting on a dark grey circuit board, showing various components. A bright red, jagged line with a white outline charts a sharp downward trend, extending from the top left towards the bottom right, culminating in a large red arrow pointing downwards.

Bitcoin dipped to $62,438, its lowest level since it fell to $61,751 on July 13. Meanwhile, Solana’s price fell to $68, down from a $109 high on October 21.

Both cryptocurrencies are currently trading below their 20-day, 50-day, and 200-day moving averages. For Bitcoin, those averages are $75,828, $80,159, and $72,982, suggesting that the current price is 13% to 24% below these key levels. For Solana, the averages are $90, $103, and $89, indicating a potential rise of 25% to 45% to reach those benchmarks.

Increasing supply also presents a challenge. Bitcoin, valued around $64,660, has a market cap of $1.30 trillion, higher than $1.22 trillion at the same price in November 2021, thanks to ongoing mining operations. Solana, in contrast, is experiencing faster supply growth due to staking rewards, which distribute new SOL coins to holders who help maintain the network.

Standard Chartered’s $1,200 Solana Projection Dates Back to February

Close-up of golden Solana cryptocurrency rolled up with more cryptocurrencies on a reflective surface, highlighting its details against a striking red background.

On February 3, Standard Chartered released a detailed forecast for Solana, setting targets of $400 for 2027, $700 for 2028, $1,200 for 2029, and $2,000 by the end of 2030. However, its near-term predictions have already been adjusted. Initially, the bank estimated Solana would end 2026 at $250, but by August, it revised that target down to $135. Currently, Solana trades 47% below even this lower forecast.

For Bitcoin, long-term predictions have been harder to pin down. In our coverage from September 24, it was reported that Standard Chartered lowered its 2028 Bitcoin target to $300,000 and pushed back the $500,000 prediction to 2030. Pantera Capital’s estimate stands at $740,000 for 2028-2029. Earlier this year, Standard Chartered also reduced its 2026 Bitcoin target from $150,000 to $100,000, with Bitcoin currently trading 35% below this revised figure.

Bitcoin Needs ETF Demand to Meet Its Middle Scenario

Several golden Bitcoin coins are scattered on a dark, reflective surface in the foreground. Behind them, slightly out of focus, are three light-colored wooden block letters spelling 'ETF'. The coins and letters cast clear reflections on the glossy dark surface, creating a sense of depth and focus on digital asset investment.

The table sets out the possible low, middle, and high scenarios for both cryptocurrencies by late 2029.

Bitcoin’s low scenario is likely if selling pressure continues. Spot Bitcoin ETFs, which hold actual Bitcoin and trade like stocks, saw outflows every trading day from November 9 to 13, according to SoSoValue, resulting in a 21.1% drop in net assets from $109.3 billion on October 21 to $86.2 billion. Federal Reserve rate hikes, which brought the top of the target range to 4% on September 16, also add to the pressure.

The middle scenario hinges on a reversal of these outflows. Cumulative net inflows total $54.6 billion, indicating a robust buyer base, and the halving expected in April 2028, when mining rewards are cut in half, falls within this timeline.

The high scenario requires a combination of significant ETF buying, public companies adding Bitcoin to their balance sheets, and Federal Reserve rate cuts, all of which currently seem unlikely.

Solana Must Clear $150 for $1,200 to Be Within Reach

Solana (SOL) Crypto currency logo technology vector illustration background

For Solana, the low scenario keeps it below $150, a level it hasn’t surpassed since November 2025, when it peaked at $189. This outlook might include revisiting its June 6 low of $62, which is 12.8% below the current price. U.S. spot Solana ETFs held $1.4 billion after a $71.5 million outflow in the week ending October 30.

Achieving the middle scenario for Solana will require more network activity and higher transaction fees. Alpenglow, an upgrade that went live on October 21, aims to reduce confirmation times from 12.8 seconds to about 150 milliseconds. However, since reaching a high of $109 on the day of the upgrade, Solana has fallen 34.7%.

For the high scenario, Solana’s growth would need to be substantial. Our analysis found that reaching $500 by 2028 would lift Solana’s market cap to approximately $295 billion, surpassing Ethereum‘s (CRYPTO: ETH) valuation, which was around $277 billion at that time. If Solana reached $1,200, its market cap would soar to about $708 billion, more than three times Ethereum’s current value of $221 billion.

Where Will Bitcoin and Solana Be in 3 Years?

In our view, Bitcoin could potentially end 2029 close to its all-time high of $126,080, while Solana is likely to trade between $150 and $293, falling short of Standard Chartered’s ambitious prediction of $1,200. The sequence of market events matters more than price targets alone.

Contact [email protected] for any questions or corrections.

Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.