Solana (SOL) Looks Like Ethereum in 2018 With Potential To Do Well, Says Ex-Goldman Sachs Executive
Former Goldman Sachs executive Raoul Pal believes that Solana (SOL) is on track to replicate Ethereum’s recovery from a bear market to new highs. Pal, who considers SOL to be his second largest crypto holding, sees similarities between the two cryptocurrencies during their respective bear markets. He praises Solana founder Anatoly Yakovenko for his leadership and innovative thinking, comparing him to Ethereum founder Vitalik Buterin. Pal also highlights the strong developer and on-chain activity in the Solana ecosystem. He views crypto as part of a massive macro setup, benefiting from technological advancements and the devaluation of fiat currencies. Pal sees this as a once-in-a-lifetime opportunity for investors.
Key Points:
– Solana (SOL) is expected to follow a similar recovery trajectory as Ethereum did in 2018 and 2019.
– Raoul Pal considers SOL to be his second largest crypto holding and sees potential in its activity and innovation.
– Solana founder Anatoly Yakovenko is praised for his leadership and innovative thinking.
– Strong developer and on-chain activity are positive indicators for Solana’s future success.
– Pal views the current macro setup as a significant opportunity for investors, with crypto benefiting from technological advancements and fiat currency devaluation.
Hot Take:
Raoul Pal’s comparison between Solana and Ethereum suggests that SOL has the potential to experience a similar recovery and reach new highs. His endorsement of the project, along with his positive outlook on crypto as a whole, adds further confidence to the prospects of Solana. Investors should keep an eye on Solana’s activity and innovation to gauge its future performance.
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