{"id":135688,"date":"2024-08-16T19:30:47","date_gmt":"2024-08-16T16:30:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135688"},"modified":"2024-08-16T15:56:26","modified_gmt":"2024-08-16T12:56:26","slug":"solana-sol-price-forecast-by-former-goldman-sachs-executive","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/solana-sol-price-forecast-by-former-goldman-sachs-executive\/","title":{"rendered":"Solana (SOL) Price Forecast by Former Goldman Sachs Executive"},"content":{"rendered":"<p>During an interview with Wall Street veteran Anthony Scaramucci, Pal suggested that <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\"><strong>Solana<\/strong><\/a> 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.<\/p>\n<p>He stated:<\/p>\n<p><em>I think the range for me is \u2026 worst case, $800; average case, about $1,200.<\/em> <em>In the extreme case, it could reach $2,500.<\/em><\/p>\n<p>Asked if Solana could surpass <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\"><strong>Ethereum<\/strong><\/a> in market capitalization, Pal <a href=\"https:\/\/www.youtube.com\/watch?v=6HYPW1o1GkI\" target=\"_blank\" rel=\"nofollow\"><strong>replied<\/strong><\/a>:<\/p>\n<p><em>I don\u2019t think [that will happen].<\/em> <em>I believe Solana will see tremendous growth and significantly narrow the gap with Ethereum.<\/em><\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/one-of-the-largest-public-pension-funds-increases-bitcoin-exposure\/\" title=\"One of the Largest Public Pension Funds Increases Bitcoin Exposure\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/bitcoin-image-burning-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">One of the Largest Public Pension Funds Increases Bitcoin Exposure<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The expert further explained that the two chains are optimized for different purposes:<\/p>\n<p><em>Different blockchains perform different functions.<\/em> <em>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.<\/em><\/p>\n<p><em>On the other hand, Solana seems better suited for retail applications and fast-moving projects\u2026<\/em><\/p>\n<p><em>Ethereum made its mark with decentralized finance (DeFi), and non- fungible tokens (NFTs) initially flourished there, but also migrated to Solana.<\/em><\/p>\n<p><em>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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Goldman Sachs CEO Raul Pal shared a positive outlook for Etherium&#8217;s (ETH) main competitor Solana (SOL).<\/p>\n","protected":false},"author":3,"featured_media":104222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-135688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana (SOL) Price Forecast by Former Goldman Sachs Executive<\/title>\n<meta name=\"description\" content=\"Former Goldman Sachs CEO Raul Pal shared a positive outlook for Etherium&#039;s 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