Raoul Pal, CEO of Real Vision, has dramatically revised his investment strategy by shifting the bulk of his liquid assets into Solana (SOL), moving away from Bitcoin (BTC) and other cryptocurrencies.
Known for coining the term “Banana Zone,” Pal now has 90% of his investable assets in Solana, citing its potential for higher returns compared to Bitcoin.
In a recent video update, Pal shared his rationale: “I’ve allocated 90% of my liquid assets to Solana. While I still value Bitcoin, I believe Solana offers greater upside potential.”
Solana’s strong performance this year—up about 75%—has outpaced Bitcoin’s 58% increase and Ethereum’s 42% rise. Pal likens Solana’s future growth to Ethereum’s past surge, noting Solana’s user experience is akin to Apple’s streamlined ecosystem compared to Ethereum’s broader, more open platform.
Pal’s move comes as the crypto market prepares for a potential new rally, dubbed the “Banana Zone.” Additionally, recent interest in Solana from major asset manager Franklin Templeton suggests a possible spot exchange-traded fund (ETF) could further boost Solana’s market presence, although regulatory hurdles, such as the lack of a CME futures market for Solana, could pose challenges.
In 2020. Justin Sun, the founder of the Tron blockchain, made headlines by gifting 1,930,830 TRX tokens to famous American investor Warren Buffett.
The Dogecoin Foundation has announced a significant update to its development roadmap, with the highlight being Project Sakura, a protocol upgrade designed to increase the speed and size of blocks tenfold while ensuring optimal decentralization.
Asset manager WisdomTree has asked the U.S. Securities and Exchange Commission (SEC) to withdraw its S-1 application for a spot Ethereum exchange-traded fund (ETF), more than three years after it was originally filed.
Crypto analyst Dan Garbadello has warned Cardano (ADA) investors to brace for potential market volatility amid economic signs of a looming recession.