ETH<\/a>) of the last cycle.<\/p>\nAccording to Pal, Solana could soar by between 235% and 570% from current levels depending on the type of cycle we get in the coming months.<\/p>\n
\u201cIf you kind of replicate what ETH did last cycle, that was a 45x from the low. So you get somewhere like about $500. <\/i><\/p>\n
If I look at the other charts, I get somewhere between $500 and $1,000. And it just depends on the structure of this market. If we get a bubble cycle, it will go to 1,000. If we get some sort of left-translated cycle, it gets to $500. It\u2019s something like that.\u201d<\/i><\/p>\n
In a left-translated crypto cycle, prices peak earlier than the regular four-year cycles, translating into a shorter bull market and a longer bearish phase.<\/p>\n
Solana is trading at $149 at time of writing.<\/p>\n
Looking at the broader digital asset market, Pal says that crypto is in the midst of a strong uptrend that he calls \u201ccrypto summer.\u201d<\/p>\n
\u201cWe are in crypto summer. We just started crypto summer. Crypto summer is up only.<\/em><\/p>\nYes, you get the 30% pullbacks that happen in your face in minutes, but that\u2019s crypto summer. This whole year should be crypto summer\u2026<\/em><\/p>\nWe\u2019re at the sweet spot: global liquidity is picking up [and] should continue going forward. Business cycles should pick up.<\/em><\/p>\nSo this is the time. This is the great time.<\/em><\/p>\nThis is the time when ETH outperforms Bitcoin, Solana outperforms ETH, a bunch of alts will outperform Solana\u2026 The big trade is now on.\u201d\u00a0<\/em><\/p>\n