Ex-Goldman Sachs Executive Raoul Pal Drops The Bomb On Solana Price Target
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 predic...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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 outRaoul 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.”
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Pineapple Puts $1.1B in Mortgage Records Onchain, Targets $10B Injective Migration
Key Takeaways: Pineapple Financial has transferred over $1 billion of mortgage data to Injective. The company will close more than...
Solana’s weekly ETF inflows fell 97% while CME funds became less net short
Solana’s US ETF inflows fell about 97% in the week ending Sept. 4, leaving the funds with a small positive balance as Bitcoin’s al...
Solana Lands $5B Luxury Tokenization Deal for Birkin Bags, Rolex and Chanel Pieces
Key Takeaways: Beezie and The Luxury Closet will bring authenticated luxury goods onchain through Solana. The launch will feature...
South Korea Targets 2027 Tokenized Securities Launch with Stablecoin Settlement Vision
Key Takeaways: South Korea’s FSC presented a three-step plan to take stocks, bonds, and funds to blockchain infrastructure. New le...
Inside the 15-minute trading pulse that moves $14 billion in Bitcoin perpetual futures
At 14:59:59 UTC, Bitcoin perpetual futures look like any other electronic market, with prices flickering and orders flowing from t...
The AMC Fight Turned Into An Industry Argument Over Which Tokenized Stock Model Wins
The public fight between AMC Entertainment Chief Executive Adam Aron and Robinhood over tokenized AMC shares spilled on Friday int...