Raoul Pal Predicts Fresh All-Time Highs for Solana, Calls it the Ethereum of the Last Cycle
Raoul Pal, the CEO of Real Vision and a macro guru, believes that Solana (SOL) is set to reach new all-time highs in this market cycle. In an interview on the Rug Radio YouTube channel, Pal expresses his confidence in Solana and compares it to Ethereum (ETH) in the previous cycle.
Solana’s Potential Growth
- Pal suggests that Solana could experience a surge of between 235% and 570% from its current price level, depending on the type of market cycle that unfolds in the coming months.
- He draws a parallel with Ethereum’s performance in the last cycle, which saw a 45x increase from its low point. Pal predicts that Solana could reach around $500 if the market follows a similar structure.
- However, if the market experiences a left-translated cycle where prices peak earlier than usual, Solana may reach around $500 instead of $1,000.
Crypto Summer and Favorable Market Conditions
- Pal describes the current state of the cryptocurrency market as “crypto summer,” characterized by a strong upward trend. He anticipates that this bullish phase will continue throughout the year.
- Although there may be occasional pullbacks of up to 30%, Pal considers them to be part of crypto summer. He attributes this positive market environment to increasing global liquidity and improving business cycles.
- Pal emphasizes that now is an opportune time for trading, with Ethereum outperforming Bitcoin, Solana outperforming Ethereum, and several altcoins surpassing Solana. He believes that the big trade is currently in play.
Hot Take: Solana’s Price Target and the Perfect Time for Crypto Trading
Raoul Pal, a renowned macro guru and the CEO of Real Vision, predicts that Solana (SOL) will achieve fresh all-time highs in the current market cycle. Comparing it to Ethereum’s performance in the previous cycle, Pal suggests that Solana has the potential to reach between $500 and $1,000, depending on the market structure. He believes that if the market follows a bubble cycle, Solana could surge to $1,000. However, in a left-translated cycle scenario, Solana may reach around $500. Pal also highlights the current favorable market conditions, describing it as “crypto summer” with increasing liquidity and promising business cycles. He asserts that this is an ideal time for trading opportunities, with Ethereum outperforming Bitcoin and Solana outperforming Ethereum. According to Pal, the big trade is now on.
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