{"id":334485,"date":"2024-06-30T15:05:39","date_gmt":"2024-06-30T09:35:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=334485"},"modified":"2024-06-30T15:05:39","modified_gmt":"2024-06-30T09:35:39","slug":"solana-sol-to-lead-new-crypto-market-expansion-according-to-former-goldman-sachs-executive-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-sol-to-lead-new-crypto-market-expansion-according-to-former-goldman-sachs-executive-crypto-news\/","title":{"rendered":"Solana (SOL) To Lead New Crypto Market Expansion, According to Former Goldman Sachs Executive &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Macro guru and Real Vision CEO Raoul Pal says that Solana (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/Solana\">SOL<\/a>) will lead the next market expansion for digital assets.<\/p>\n<p>In a new video update, the former Goldman Sachs executive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=8kzt5IBdlQs\">tells<\/a> his 94,200 YouTube subscribers that the crypto market is approaching the \u201cbanana zone,\u201d or a lengthy period of sustained growth.<\/p>\n<p>Pal predicts that the smart contract platform Solana will lead crypto out of its price doldrums and into a new bull market phase.<\/p>\n<p><em>\u201cWhen is the banana zone? I think it\u2019s coming, and I think Solana is going to lead it. As I\u2019ve urged with you, patience is required. These things don\u2019t come instantaneously but when they come, they can be life-changing.\u201d<\/em><\/p>\n<p>The macro guru previously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/2024\/06\/23\/crypto-approaching-banana-zone-when-risk-assets-utterly-rip-according-to-raoul-pal-heres-the-timeline\/\">said<\/a> that the banana zone is on the horizon as crypto assets historically tend to rally during Q4 of presidential election years.<\/p>\n<p>Pal also says he\u2019s bullish on SOL due to two key additions to the Solana blockchain.<\/p>\n<p><em>\u201cTwo are things that struck me about Solana that I really liked, outside of the fact that there\u2019s a lot of developers building on it\u2026 <\/em><\/p>\n<p><em>There were two big things there that really got me interested [in Solana]. One was NFT (non-fungible token) compression, which means NFTs can be opened up for different use cases, whether it\u2019s ticketing, whatever it is, even derivatives contracts. Compressed NFTs allow massive scale of NFTs at a low cost.<\/em><\/p>\n<p><em> Then, it was Firedancer that got me really across the line, made me all in on Solana, where now 90% of my crypto allocation, which is 100% of my liquid net worth, is in Solana. [That] may be foolish to some of you but I think that market concentration is the right way of doing things when you\u2019ve got everything correlated.\u201d<\/em><\/p>\n<p>Firedancer, which is a third-party validation software for the Solana blockchain, aims to improve the blockchain\u2019s transaction processing speed, scalability and efficiency. It is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/square\/post\/2024-05-24-solana-2025-firedancer-8549519946537\">slated<\/a> to be launched sometime next year.<\/p>\n<p>At time of writing, SOL is trading at $137.93.<\/p>\n<p><iframe loading=\"lazy\" title=\"URGENT Update: Is the BOTTOM IN? #Solana #SOL\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/8kzt5IBdlQs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt\">Generated Image: DALLE3<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Macro guru and Real Vision CEO Raoul Pal says that Solana (SOL) will lead the next market expansion for digital assets. In a new video update, the former Goldman Sachs executive tells his 94,200 YouTube subscribers that the crypto market is approaching the \u201cbanana zone,\u201d or a lengthy period of sustained growth. Pal predicts that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":184423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-334485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/334485","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=334485"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/334485\/revisions"}],"predecessor-version":[{"id":334489,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/334485\/revisions\/334489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/184423"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=334485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=334485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=334485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}