price prediction Solana<\/u><\/a>, The macro guru also shared predictions for Bitcoin and Ethereum.<\/p>\nSolana price prediction<\/h2>\n
On what he thinks of the price performance of BTC, ETH and SOL in the next bull cycle, Pal shared a highly bullish projection for Ethereum’s “competitor.”<\/p>\n
Currently, Solana is trading around $21, down about 1.4% in the past 24 hours. <\/p>\n
However, the cryptocurrency is more than 10% in the green over the past seven days and 43% in the past 30 days. While it’s also down 43% from its value a year ago, Pal noted that the bottom might have come when prices fell to around $9 in December 2022.<\/p>\n
With this outlook, Pal suggests SOL could do what ETH achieved after bottoming in 2018 \u2013 roaring to its all-time high above $4,800 during the last bull market. The macro guru says that if Solana takes on this projection, the potential gains could be staggering.<\/p>\n
He compared the 47x that ETH saw after the 2018 low to what Solana could do. He opined:<\/p>\n
,Look\u2026 there’s a possibility \u2013 a dream scenario \u2013 that Solana does what ETH did from the 2018 low which was a 47x. The Solana low was nine bucks, so you could do the maths [and] the numbers are potentially very interesting<\/em>,<\/p>\nWhile Solana’s price might not do the 47x or so that Ethereum price has managed since its bottom in 2018, Pal predicts a \u201c20 something x\u201d move. According to him, this is a reasonable outlook for a protocol that’s battle-tested and is seeing a huge spike in network and ecosystem activity.<\/p>\n
Should Pal’s bullish outlook for SOL price hold, it would mean an eventual burst to prices above $400 for the cryptocurrency. In the last bull market, Solana rose to an all-time high at $260.<\/p>\n
Bitcoin and Ethereum price predictions<\/h2>\n
For BTC and ETH, Pal agreed with projections of a 3x and 5x respectively \u2013 suggesting Bitcoin could more than triple its value during the next bull cycle. However, that is from the all-time high that was $69,000 in November 2021. <\/p>\n
Trippling from that ATH would mean a 6x from current prices, he opined. But that would depend on several factors that could dictate market direction.<\/p>\n
,It’s very difficult to predict where it actually goes, but what we can say is [that] It’s reasonable that Bitcoin doubles or triples from all-time highs. That’s not asking a lot. That will be the worst bull market in Bitcoin’s history.<\/em>,<\/p>\nAccording to him, a potential supply crunch in 2023 is what could squeeze Bitcoin to a new all-time high.<\/p>\n
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Raoul Pal, CEO of Real Vision is super bullish on Solana (SOL). According to Pal, SOL could rally 20x from current levels if it mirrors Ethereum’s 47x move from its 2018 low. He also says bitcoin price could triple from its all-time high level amid a supply crunch in 2023. Raoul Pal, the founder & […]<\/p>\n","protected":false},"author":2,"featured_media":47896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-120542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120542"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120542\/revisions"}],"predecessor-version":[{"id":120543,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120542\/revisions\/120543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/47896"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}