Macro guru Raul Pal offers a reasonable price point for the next bull market for Ethereum (ETH) rival Solana (SOL).
new interview A former Goldman Sachs executive said on the Crypto Banter YouTube channel that smart contract platforms could ultimately soar between 1,097% and 2,294% from current levels in the next market expansion. .
“When I started looking into this, it was trading at $20, so the numbers have changed dramatically. Since then, it has already gone up significantly, so every time it continues to go up significantly, these The number keeps halving. My guess is between $500 and $1,000, depending on the situation. [on] What does that market look like? ”
At the time of writing, Solana is trading at $41.76, up 7.3% in the past 24 hours and an impressive increase of over 300% so far in 2023.
Pal went on to agree with host Lan Nuena’s assessment that the next crypto bull cycle will end with Bitcoin (BTC) at the top, smart contract platform ETH in second place, and Solana in third place. There is.
But Pal added that they could be “blindsided” by the rise of another digital asset, but said he didn’t know which one.
“That’s actually true. [have that same order] This obviously means we end up being blinded to other interesting things that we hadn’t thought of. Solana in this cycle – what will it be? I am not good enough to choose them…
With macro bets like [Solana], it’s so obvious that it’s so easy. We overcame the crisis. It has started. Technology has advanced significantly. The community is good. The only story about Solana is good. ”
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