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Raoul Pal predicts: Solana (SOL) could rise 20x and emulate ETH
Veteran investor Raoul Pal recently expressed his strong bullish view on the upcoming price rise of Solana (SOL). During his recent interview with InvestAnswers, Pal said that Solana could largely follow in Ethereum's footsteps after ETH bottomed out in 2018. At that time, the ETH price rose an incredible 47-fold. Pal says that even if SOL cannot match Ethereum's performance, it could rise at least 20x. He added: “There is […] the possibility of a dream scenario where Solana does what ETH has done since the 2018 low that occurred at…
![Der erfahrene Investor Raoul Pal hat kürzlich seine stark optimistische Sicht auf den bevorstehenden Preisanstieg von Solana (SOL) geäußert. Während seines jüngsten Interviews mit InvestAnswers sagte Pal, dass Solana weitgehend in die Fußstapfen von Ethereum treten könnte, nachdem ETH im Jahr 2018 einen Tiefpunkt erreicht hatte. Damals stieg der ETH-Preis um das sagenhafte 47-fache. Pal sagt, dass SOL, selbst wenn es die Leistung von Ethereum nicht erreichen kann, mindestens um das Zwanzigfache ansteigen könnte. Er fügte hinzu: “Es besteht […] die Möglichkeit eines Traumszenarios, in dem Solana das tut, was ETH seit dem Tiefststand von 2018 getan hat, der bei …](https://bullrunpro.com/cache/images/Raoul-Pal-prognostiziert-Solana-SOL-koennte-um-das-Zwanzigfache-steigen-1100.webp)
Raoul Pal predicts: Solana (SOL) could rise 20x and emulate ETH
Veteran investor Raoul Pal recently expressed his strong bullish view on the upcoming price rise of Solana (SOL). During his recent interview with InvestAnswers, Pal said that Solana could largely follow in Ethereum's footsteps after ETH bottomed out in 2018.
At that time, the ETH price rose an incredible 47-fold. Pal says that even if SOL cannot match Ethereum's performance, it could rise at least 20x.
He added:
“There is […] the possibility of a dream scenario where Solana does what ETH has done since the 2018 low, which was 47. And so the Solana low was $9. So you can do the math, the numbers are potentially very interesting - that it will be about 20X for Solana from here.”
Pal believes that this estimate is not far-fetched given the well-established protocol and the remarkable growth in network and ecosystem activity.
If Pal's positive prediction proves correct, SOL's price could potentially exceed $400 in the future. This would mark a significant increase from the previous high of $259.96 reached in the previous bull market.
Solana is seeing strong inflows
Last week, the so-called Ethereum killer Solana (SOL) led the altcoin market rally with a 14% gain, while other top ten cryptocurrencies delivered flat returns.
At press time, Solana (SOL) is trading up 6.88% on the day at a price of $22.19 and a market cap of $8.9 billion. Current buying pressure on Solana is influencing SOL price action and is holding comfortably above the $20 support level.
There is no concrete trigger for the current SOL price increase. But there are a few things to keep in mind. A notable example is the partnership between Coca-Cola in Serbia and Solana NFT platform SolSea. They have teamed up to offer non-fungible tokens (NFTs) during a music event.
These positive developments and investor Raoul Pal's bullish view suggest that Solana (SOL) could see a significant price increase in the near future. It remains to be seen how the market will develop and whether Pal's forecast will come true. But there is undoubtedly reason to pay attention and interest in Solana and its promising future continues to grow.