Macro guru Raoul Pal is predicting a significant price increase for Solana (SOL) in the next bull run, rivaling Ethereum (ETH).
In a recent interview on the Crypto Banter YouTube channel, the former Goldman Sachs executive shared his belief that Solana could surge by 1,097% to 2,294% from its current levels during the next market expansion.
“The numbers have changed dramatically because when I started looking at this, it was trading at $20. We’ve already gone up a lot since then, so these numbers keep halving every time you keep going up a lot. My idea is somewhere between $500 and $1,000, just depending [on] what that market feels like.”
Solana is currently trading at $41.76, experiencing a 7.3% increase in the last 24 hours and an impressive 300% gain since the beginning of 2023.
Pal agrees with host Ran Nuener’s assessment that Bitcoin (BTC) will be on top, followed by Ethereum (ETH) and Solana in the next crypto bull cycle. However, Pal acknowledges that he could be surprised by the rise of another digital asset, although he’s unsure which one it might be.
“I actually do [have that same order] too, which obviously means we’re going to be blindsided by something else that’s interesting that we didn’t think of. The Solana of this cycle – what is that going to be? I’m not good enough to pick those…
With a macro bet like [Solana], it’s just so much easier because it’s so obvious. It survived a crisis. It launched. The tech is massively improving. The community is good. The only on Solana narrative is good.”
I
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/eliahinsomnia/WhiteBarbie
