Ex-Goldman Sachs Executive Predicts 10x for Solana (SOL), Says ‘Really Good Trade’ Approaching
Ex-Goldman Sachs govt Raoul Pal believes that Ethereum (ETH) competitor Solana (SOL) may have a large value explosion this cycle.
In a brand new interview on the Empire podcast, Pal predicts that Solana will put up someplace round 900% beneficial properties within the coming months.
“The whole space goes up a lot [in the next 12 months]. I think Solana does maybe 10x from here, and Bitcoin does 5x or 4x from here. That kind of stuff, typical bull market.”
Solana is buying and selling at $154 at time of writing whereas Bitcoin (BTC) is priced at $61,963.
In keeping with Pal, Bitcoin could peak this cycle between roughly $248,000 and $310,000.
Pal additionally says that he wouldn’t be shocked if one other layer-1 undertaking out of the blue emerges as a prime market performer.
“The primary factor that I’m beginning to assume by is there may be at all times one other layer-1 race, which is early stage, whenever you don’t have confirmed community results. That wager is definitely a great wager. It’s not one you go all in on. However that wager was the Solana wager of final cycle, the ETH wager of the earlier cycle…
So, I’m considering by that as a result of I reckon there’s a extremely good commerce to return, and it’s lots of enjoyable, but it surely comes in a short time, and it normally will get overvalued after which goes down 95% afterward.”
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