Raoul Pal, a former Goldman Sachs executive, believes Ethereum (ETH) competitor Solana (SOLThis cycle, ) may have an explosive price increase.
Pal Pal has given a brand new interview to the Empire Podcast. predicts Solana is expected to make gains of around 90% in the next few months.
“The whole space goes up a lot [in the next 12 months]. I think Solana does maybe 10x from here, and Bitcoin does 5x or 4x from here. That kind of stuff, typical bull market.”
Bitcoin is currently trading for $154 as of the time this article was written.BTCThe price of a ) is $61,963.
According to Pal, Bitcoin may peak this cycle between approximately $248,000 and $310,000.
Pal adds that he won’t be shocked if another project on layer-1 suddenly becomes a market leader.
“The thing I have been thinking about is the fact that layer-1 races are always happening, and they’re usually at an earlier stage. This is when there’s no network effect. This bet actually is a smart one. You don’t go all-in. But that bet was the Solana bet of last cycle, the ETH bet of the previous cycle…
The trade is coming very soon, it will be fun but also overvalued. After that it goes down by 95%.
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check out the latest news and updates on our website. Price Action
Join us! X, Facebook The following are some examples of how to get started: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should perform their own due diligence. Your transfers and transactions are entirely at your own risk. own You are responsible for any loss you might incur. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Midjourney: Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com