Raoul Pal, CEO of Real Vision and a macro-guru (SOLDuring this current market cycle () is set to reach fresh record highs.
Pal confirms in a YouTube interview that Solana, the Ethereum is Pal.ETHThe last cycle.
Pal believes that Solana’s value could increase by 235% to 580% from its current level, depending on which type of economic cycle is experienced in the coming month.
“If you replicated what ETH achieved last cycle, this was a 45x improvement from the lowest. You get about $500.
When I compare the charts I can get anywhere between $500 and $1000. It all depends on how the market is structured. It will reach 1,000 if we have a bubble. It will reach $500 if we have a left-translated type of cycle. “It’s like that.”
A left-translated cryptocurrency cycle peaks earlier than a regular four-year cycle. This results in a shorter bullish market, and a more prolonged bearish period.
Solana was trading for $149 as of the time this article is written.
Pal believes that the digital asset market is experiencing a significant uptrend. “crypto summer.”
We are now in the crypto summer. “We just began crypto summer. Only a few days left of crypto summer.
This is crypto summer. This whole year should be crypto summer…
The global liquidity is increasing. [and] Business cycles should pick up. Should continue to go forward.
This is it. Now is the time.
This is the time when ETH outperforms Bitcoin, Solana outperforms ETH, a bunch of alts will outperform Solana… The big trade is now on.”
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Source: dailyhodl.com