Solana (SOL), a popular Ethereum (ETH) rival, could see its price skyrocket by up to 2,294% in the next bull run, according to macro guru Raoul Pal. In an interview on the Crypto Banter YouTube channel, Pal, a former Goldman Sachs executive, shared his price prediction for Solana. He said that the current price of around $41.76 could eventually reach anywhere between $500 and $1,000, depending on market conditions.
Solana has experienced remarkable growth, with a 7.3% increase in the past 24 hours and a staggering gain of over 300% since the beginning of 2023. Pal agreed with the host’s assessment that the next crypto bull cycle will see Bitcoin (BTC) on top, followed by Ethereum in second place, and Solana in third place.
However, Pal also mentioned the possibility of being “blindsided” by the rise of another digital asset, although he did not specify which one. He acknowledged that it is difficult to predict which project might become the “Solana of this cycle.”
Pal pointed out that Solana stands out due to its resilience during crises, its ongoing technological improvements, and its strong community support. He highlighted the positive narrative surrounding Solana and expressed confidence in its potential for growth.
It is important to note that Pal’s opinions are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets.
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is for informational purposes only and should not be considered investment advice. Investing in cryptocurrencies or digital assets carries risks, and individuals should do their own due diligence before making any investment decisions.