Solana Ecosystem Expects New Thriving Moves

Solana has been making headlines a lot lately and this trend continues due to the exciting news that’s on the pipe for the whole ecosystem. Check out the latest reports below.

Macro expert Raoul Pal is optimistic these days regarding the fate of Solana. He believes that Solana (SOL) will continue to surge as the price of the high-performance blockchain ramps up against Ethereum (ETH).

At the moment of writing this article, SOL is trading in the red and the coin is priced at $136.20.

The Real Vision CEO just said that he expects more development from Solana’s ecosystem now that the smart contract platform appears to be on track to outperform Ethereum (SOL/ETH).

“The SOL/ETH chart is super interesting. SOL has been relatively quiet in recent times but this chart is getting very close to breaking out. I have a feeling that there is a lot more to come from the Solana ecosystem. I’ve been long for a year or so now.”

As the online publication the Daily Hodl notes, Pal’s comment comes after SOL briefly surged above $140 recently after plunging to a low of less than $80 in March.

While SOL gains momentum against Ethereum, Pal says that he’s bullish on ETH against Bitcoin (ETH/BTC).

“ETH/BTC looks very good.”

Pal also talked about crypto as the market shows signs of recovery following a multi-month downtrend. In a new interview, Pal says he remains long-term bullish on the nascent asset class.

“If you think that growth is slowing and inflation will slow, you want to own equities and you want to own crypto and you’re fine… What do you own when gold’s gone nowhere?”

He also said the following:

“I’m still 100% crypto because I think that’s the biggest secular trend of all time. On a global macro investor level, I am long dollars. I am starting to buy exponential age equities and long crypto and trying to pick the top in the bond market.”