Real Vision CEO Raoul Pal is outlining the best-case scenario for Ethereum (ETH) rival Solana (SOL), saying that the smart contract platform could see a massive price increase.
In a new interview with the host of InvestAnswers, the macro guru says that Solana could follow in the footsteps of the leading altcoin when it skyrocketed after hitting a low in 2018.
At the time, Ethereum saw about a 47x increase. However, Pal says that he anticipates Solana seeing at least a 20x increase from current prices.
“There’s a potential, a possibility [of] a dream scenario that Solana does what ETH did from the 2018 low, which was a 47x. And so [the] Solana low was $9, so you could do the math, the numbers are potentially very interesting – that it’ll be 20-something X from here for Solana.”
Solana is trading for $21.84 at time of writing, a 1.48% increase during the last 24 hours. If Pal’s prediction comes to light, SOL could be worth about $436.
Pal goes on to say that he believes Bitcoin (BTC) could double or triple up from its all-time high, adding that such a rise would be modest and the worst bull run in the crypto king’s history.
“It’s very difficult to predict where it actually goes, but what we can say is it’s reasonable that Bitcoin, from all-time highs, doubles or triples. That’s not asking a lot. That will be the worst bull market in Bitcoin’s history…
It probably triples from the all-time high and currently it’s at $30,000 so that’s a 6x from here. That’s pretty good. And the upside is maybe I’m totally wrong and it gets complete panic to the upside…
We don’t know what’s going to be happening in the economy in 2025, what could be driving prices, so I think you [can] get the upside for free.”
Bitcoin is trading for $30,321 at time of writing, a fractional increase during the last 24 hours.
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- Source: https://dailyhodl.com/2023/07/10/macro-guru-raoul-pal-outlines-dream-scenario-for-solana-unveils-massive-price-target-for-ethereum-rival/
