Solana Price Prediction: Major Surge Expected in the Upcoming Cycle

Real Vision's Raoul Pal, who is also a former Goldman Sachs exec, has expressed optimism about Solana (SOL), predicting that the cryptocurrency could experience a significant price surge in the coming months.

During a recent interview on the Empire podcast, Pal mentioned that he expects Solana to potentially see gains of around 900% within the next year.

He believes that the entire crypto market is set for substantial growth, with Solana possibly increasing tenfold, while Bitcoin (BTC) might achieve gains of four to five times its current price. At the time of his prediction, Solana was trading at $154, and Bitcoin was priced at $61,963.

Pal also projected that Bitcoin could peak at a value between $248,000 and $310,000 during this market cycle. He further speculated that a new layer-1 blockchain project might unexpectedly emerge as a top performer.

READ MORE:

US Congressman Involved in High-Volume Altcoin Trading

In his view, early-stage layer-1 projects often present good investment opportunities when network effects are not yet fully established, though he cautioned against going all-in on such bets.

He pointed to Solana as an example from the previous cycle and Ethereum from the one before that. Pal anticipates that another promising opportunity could arise soon, though he warned that these projects often become overvalued quickly before eventually dropping in value by as much as 95%.

Alexander Stefanov