It has been just reported that the ex-Goldman Sachs executive Raoul Pal has just dropped the bomb on Solana price target. Check out more details about the latest interesting price prediction for SOL.
SOL new price prediciton is out
Raoul Pal, a respected macro expert, is confidently predicting a reasonable price range for Solana (SOL) – a cryptocurrency that rivals Ethereum (ETH) – during the upcoming bull market.
In a recent interview on the Crypto Banter YouTube channel, the former Goldman Sachs executive boldly stated that the smart contract platform is poised for a tremendous price surge of between 1,097% and 2,294% from its current levels.
Pal’s predictions are highly anticipated by crypto enthusiasts and investors alike, given his reputation for accurate forecasting and his extensive experience in the financial industry.
“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, which represents a 7.3% increase within the last 24 hours. The cryptocurrency has experienced an impressive gain of over 300% since the beginning of 2023.
During a recent discussion with host Ran Nuener, Pal agreed that Bitcoin (BTC) will likely come out on top in the next crypto bull cycle.
He also expressed his belief that the smart contract platform ETH will follow in second place, while Solana will secure the third position.
However, Pal acknowledged that he could be “blindsided” by the rise of another digital asset, although he is not sure which one it would 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.”