Former Goldman Exec: Ethereum Competitor To Repeat ETH’s Epic 2018 Rally

It’s been just revealed the fact that the Real Vision CEO Raoul Pal believes that the Ethereum competitor Solana could be mirroring the altcoin’s meteoric rise in price that took place between 2018 and 2021. Check out the latest reports about this below.

According to the latest reports, in a blog post originally published for his clients in January, the former Goldman Sachs executive laid out his prediction for SOL’s long-term future.

According to Pal, SOL’s downtrend last year and its recent recovery are reminiscent of Ethereum’s performance over a three-year period, according to the latest reports coming from the Daily Hodl.

Raoul Pal says that in 2018, Ethereum completed a five-wave downtrend before rising to its all-time high of $4,742 in November 2021.

“With SOL, I think we are seeing a repeat of ETH in 2018: a 5-wave fall of 95%. Here is ETH (it rose 46x from the low in 2018 to the high in [2021]!)”

The same online pubcalition mentioned a above notes the fact that looking at Solana, Pal believes that SOL has also completed a five-wave downtrend and now appears poised for a burst to the upside.

“Here is SOL…”

It’s also been revealed the fact that the macro guru argued Ethereum’s technicals and fundamentals suggested it could massively outperform Bitcoin (BTC) in the coming cycle.

Pal believes that the leading smart contract platform’s total addressable market is much larger than Bitcoin’s.

“Ethereum is a broader basis architectural protocol of which we can build more stuff on top of. Bitcoin just doesn’t do that. It has a different use case. So it’s unlikely to be as big.

Is the internet worth more than gold? Yes, simple as that, and that’s basically the argument here.”

Regarding the price of ETH today, at the moment of writing this article, ETH is trading in the red, and the coin is priced at $1,915.