Ex-Goldman Sachs Executive Sees ‘Rocket Ship’ Solana (SOL) Chart in the Works Ahead of One Bullish Catalyst
Former Goldman Sachs government Raoul Pal says Solana (SOL) is beginning to seem like a rocket ship on the charts because it gears up for large developments.
In a brand new interview with Scott Melker, Pal touches on Firedancer, a brand new validator consumer for the Solana chain which is being developed by buying and selling large Soar Crypto.
Firedancer goals to vastly enhance Solana’s scalability, and push its transactions-per-second (TPS) capabilities probably above a million TPS.
Says Pal,
“I used to be pondering at the time possibly it’s some kind of layer-2 blah blah blah compromise, so I went again house, I used to be taking a look at the charts, which I’ve been for a very long time of Solana versus ETH (SOL/ETH) and Solana versus Bitcoin (SOL/BTC) and I’m like ‘this looks like a… rocket ship! What is going on here?’
I began wanting in and watching the interviews with the Soar buying and selling workforce who constructed Firedancer and realized it was a separate validator for Solana that will increase the safety of the total chain itself and that sure, these speeds have been proper as a result of it was being constructed by individuals who have been making an attempt to construct lightspeed for high-frequency buying and selling…
I’m like, okay, that is big.”
At time of writing, there isn’t any set launch date for Firedancer as of but.
Pal has beforehand referred to as for Solana to probably repeat Ethereum’s (ETH) bull market cycle of 2021 and reiterates his stance that SOL should still be on monitor to just do that in an upcoming market growth.
“To me, I’m looking at risk/rewards here, and I’m just thinking, ‘Could this be the ETH of this cycle?’ That’s not taking away from ETH, that’s not taking away from Bitocin. What we’re trying to do, if we’re in this ugly economic world, you want to try to make as many chips as possible when you can. That’s the game.”
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