Macro guru and Real Vision CEO Raoul Pal thinks Solana (SOL) is poised to print fresh all-time highs this market cycle.
In an interview on the Rug Radio YouTube channel, Pal doubles down on his belief that Solana is the Ethereum (ETH) of the last cycle.
[adinserter block="1"]According to Pal, Solana could soar by between 235% and 570% from current levels depending on the type of cycle we get in the coming months.
“If you kind of replicate what ETH did last cycle, that was a 45x from the low. So you get somewhere like about $500.
If I look at the other charts, I get somewhere between $500 and $1,000. And it just depends on the structure of this market. If we get a bubble cycle, it will go to 1,000. If we get some sort of left-translated cycle, it gets to $500. It’s something like that.”
In a left-translated crypto cycle, prices peak earlier than the regular four-year cycles, translating into a shorter bull market and a longer bearish phase.
Solana is trading at $149 at time of writing.
Looking at the broader digital asset market, Pal says that crypto is in the midst of a strong uptrend that he calls “crypto summer.”
“We are in crypto summer. We just started crypto summer. Crypto summer is up only.
Yes, you get the 30% pullbacks that happen in your face in minutes, but that’s crypto summer. This whole year should be crypto summer…
We’re at the sweet spot: global liquidity is picking up [and] should continue going forward. Business cycles should pick up.
So this is the time. This is the great 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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