Solana (SOL) Price Forecast by Former Goldman Sachs Executive

Former Goldman Sachs CEO Raul Pal shared a positive outlook for Etherium's (ETH) main competitor Solana (SOL).

During an interview with Wall Street veteran Anthony Scaramucci, Pal suggested that Solana could see a significant price increase by the end of the current market cycle, potentially exceeding $800. This forecast represents a potential gain of at least 400% from the current price.

He stated:

I think the range for me is … worst case, $800; average case, about $1,200. In the extreme case, it could reach $2,500.

Asked if Solana could surpass Ethereum in market capitalization, Pal replied:

I don’t think [that will happen]. I believe Solana will see tremendous growth and significantly narrow the gap with Ethereum.

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The expert further explained that the two chains are optimized for different purposes:

Different blockchains perform different functions. Ethereum is more secure and will likely be the preferred platform for the financial industry to build on, whether through second-layer solutions or other developments, due to its solid security, battle-tested infrastructure and reputation as an innovator.

On the other hand, Solana seems better suited for retail applications and fast-moving projects…

Ethereum made its mark with decentralized finance (DeFi), and non- fungible tokens (NFTs) initially flourished there, but also migrated to Solana.

For high-value transactions, such as interbank transfers involving huge sums, Ethereum is likely to be the preferred blockchain. Solana, however, is an ideal [platform ]for processing multiple quick transactions.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.