While the cryptocurrency market has been on the rise in the last 24 hours, comments from Real Vision CEO Raoul Pal caught the attention of investors. The famous economist stated that the leading altcoin Ethereum (ETH) rival Solana (SOL) can achieve the incredible rises that ETH has made in the past years! Here are the details…
The famous economist explained: “The next epic rally will come from this altcoin project!”
Former Goldman Sachs executive, one of the closely followed names in the crypto money market, announced his predictions for the long-term rise of Solana (SOL) in a blog post he published last January. According to Raoul Pal, Solana’s massive downtrend last year and its recent recovery after its massive collapse from the FTX disaster are incredibly similar to Ethereum’s massive rise between 2018 and 2021.
However, Raoul Pal said that in 2018, Ethereum completed a five-wave downtrend before surging to an all-time high of $4,742 in November 2021, suggesting that Solana could show similar performances:
With Solana, I think we saw a repeat of ETH’s performance in 2018: a 5-wave drop of 95 percent. Here is ETH!
Commenting on Solana, Pal states that Solana has also completed the five-wave downtrend and there will be a possible uptrend. Instantly, the Solana price is trading at $ 21.15 and the cryptocurrency, which is in the 11th place according to the market value, has risen by more than 4 percent in the last 24 hours. On the other hand, when we look at Ethereum, the price level comes out from $ 1,933 and has increased by 4% in the last 24 hours.
Makro Guru continues his rhetoric about the leading altcoin Ethereum!
On the other hand cryptocoin.com As we reported, macro guru Pal, who made comments on the crypto money market last month, suggested that he thinks the technical and fundamental features of the leading altcoin Ethereum (ETH) could surpass the leading cryptocurrency Bitcoin in the coming periods. Along with this comment, many Ethereum investors sent their questions to Pal on Twitter.
However, continuing his comments for the leading altcoin Ethereum, Pal stated that the total addressable market of ETH can perform well to a much greater extent than Bitcoin. Here are the words of the macro guru Pal:
Ethereum is a broader-based architectural protocol on which we can build more. Bitcoin can’t do that. It has a different use. So it’s unlikely to be that big. Is the internet more valuable than gold? Yes, it’s that simple and that’s basically the argument here.
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