Raoul Pal, CEO of Real Vision, outlines the best-case scenario for Ethereum (ETH) rival Solana (SOL), saying the smart contract platform could see a huge price hike.
In a new interview with InvestAnswers host, the macro guru say that Solana could follow in the footsteps of the leading altcoin as it skyrocketed after bottoming out in 2018.
At that time, Ethereum saw an increase of about 47x. However, Pal says he expects Solana to see at least 20x more than current prices.
“There is a potential, a possibility [of] a dream scenario that Solana does what ETH did from its 2018 low, which was a 47x. And thus [the] Solana low was $9, so you could count, the numbers are potentially very interesting – that it will be 20-something X for Solana from here.
Solana is trading at $21.84 at the time of writing, up 1.48% in the past 24 hours. If Pal’s prediction comes true, SOL could be worth about $436.
Pal goes on to say that he believes Bitcoin (BTC) could double or triple from its all-time high, adding that such an increase would be modest and the worst bull run in the crypto king’s history.
“It is very difficult to predict where it will actually go, but what we can say is that it is reasonable for Bitcoin to double or triple from all-time highs. That’s not much to ask. That will be the worst bull market in Bitcoin history…
It’s probably tripled from its 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 completely wrong and it’s going to be complete panic at the top…
We don’t know what’s going to happen in the economy in 2025 which could drive prices up so I think you [can] get the top for free.
Bitcoin is trading at $30,321 at the time of writing, a fractional increase over the past 24 hours.
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