Macro guru and Real Vision CEO Raoul Pal thinks Solana (SOL) is poised to hit new all-time highs this market cycle.
In an interview on the Rug Radio YouTube channel, Pal doubles down on his belief that Solana is the Ethereum (ETH) of the last cycle.
According to Pal, Solana could rise between 235% and 570% from current levels depending on the type of cycle we get in the coming months.
“If you kind of replicate what ETH did last cycle, it was 45x from the low. So you get about $500.
Looking at the other charts, I’m getting somewhere between $500 and $1,000. And it just depends on the structure of this market. If we get a bubble cycle, it goes to 1,000. If we get some kind of left-translated cycle, it comes to $500. It’s something like that.”
In a left-translated crypto cycle, prices peak earlier than regular four-year cycles, which translates into a shorter bull market and a longer bearish phase.
Solana is trading at $149 at the time of writing.
Looking at the broader digital asset market, Pal says crypto is in the midst of a strong uptrend he calls “crypto summer.”
“We are in the crypto summer. We have just started the crypto summer. The crypto summer is just over.
Yes, you get the 30% pullback that happens in your face within minutes, but that’s crypto summer. This whole year should be crypto summer…
We are in the right place: global liquidity is improving [and] must go on. Business cycles should pick up.
So now is the time. This is the great time.
This is when ETH will outperform Bitcoin, Solana will outperform ETH, some alts will outperform Solana… The big trading is happening now.”
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