Macro Expert Raoul Pal Reveals Solana’s Massive Target Price and Initiates Large-Scale Trading of Cryptocurrency

adminMarch 12, 2024

Macro expert and Real Vision CEO Raoul Pal believes Solana (SOL) is poised to hit all-time highs this market cycle.

In an interview on the Rug Radio YouTube channel, Pal doubled down on his belief that Solana is the last cycle of Ethereum (ETH).

According to Pal, Solana could surge anywhere from 235% to 570% from current levels, depending on the type of cycle that occurs in the coming months.

“If you replicate what ETH did last cycle, it was 45x the low. So you get about $500 or so.

If you look at other charts, you get somewhere between $500 and $1,000. And it depends on the structure of this market. Once we get the bubble cycle, we’ll go to 1,000. Once you have the cycle sort of translated to the left, you get $500. “It is something like that.”

In the left-translated cryptocurrency cycle, prices peak earlier than in a typical four-year cycle, resulting in shorter bull markets and longer bear phases.

Solana is trading at $149 at the time of this writing.

Looking at the broader digital asset market, Pal says cryptocurrencies are in a strong upward trend, which he calls a “crypto summer.”

“We are entering a cryptocurrency summer. We’ve just started crypto summer. Cryptocurrency summer is here.

Yes, a 30% drop on your face in a matter of minutes, but that’s crypto summer. This year should be crypto summer…

We are in the sweet spot. Global liquidity is recovering and must continue. The business cycle must recover.

So now is the time. These are good times.

Now is the time when ETH outperforms Bitcoin, Solana outperforms ETH, and numerous alternatives outperform Solana… Now is the time for large-scale trading to begin.”