'Solana Is The Ethereum Of The Last Cycle,' Says Raoul Pal: SOL Up 11% In A Week
Portfolio Pulse from Khyathi Dalal
Solana (SOL) has seen an 11% increase over the past week, with predictions of significant growth in the upcoming crypto cycle. Raoul Pal, CEO of Real Vision, highlighted Solana's potential, comparing it to Ethereum's performance in the previous cycle and forecasting a surge between 235% and 570% from current levels. The rise in Solana addresses and total value locked indicates increased adoption and user engagement. Daily transactions on Solana have surpassed those on Ethereum and other major blockchains, with a notable increase in daily active addresses and value moved on-chain.
March 12, 2024 | 5:13 pm
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Solana (SOL) has experienced an 11% increase over the past week, with Raoul Pal predicting a potential surge between 235% and 570% from current levels. The increase in Solana addresses and total value locked, along with its surpassing of Ethereum in daily transactions, indicates a strong adoption and bullish momentum.
The positive outlook from Raoul Pal, combined with the significant increase in adoption and user engagement as evidenced by the rise in Solana addresses and total value locked, suggests a strong bullish momentum for Solana in the short term. The comparison to Ethereum's past cycle performance and the prediction of substantial growth further support a positive short term impact on SOL's price.
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