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Home»ALTCOIN NEWS»Former Goldman Sachs Executive Says Solana (SOL) Is Up 10x, ‘Really Good Deal’ Coming
ALTCOIN NEWS

Former Goldman Sachs Executive Says Solana (SOL) Is Up 10x, ‘Really Good Deal’ Coming

By Crypto FlexsAugust 28, 20242 Mins Read
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Former Goldman Sachs Executive Says Solana (SOL) Is Up 10x, ‘Really Good Deal’ Coming
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Former Goldman Sachs executive Raoul Pal believes Solana (SOL), a competitor to Ethereum (ETH), could see a massive price surge this cycle.

In a new interview on the Empire podcast, Pal predicts that Solana will return around 900% in the coming months.

“The whole space is going to go up a lot (over the next 12 months). I think Solana is going to go up 10x from here, Bitcoin is going to go up 5x or 4x from here. That’s the kind of stuff that’s typical of a bull market.”

As of this writing, Solana is trading at $154 and Bitcoin (BTC) is trading at $61,963.

According to Arm, Bitcoin could peak between $248,000 and $310,000 in this cycle.

Arm also said it wouldn’t be surprising if other Layer 1 projects suddenly took over the top spot in the market.

“The most important thing I started thinking about is that there’s always going to be another layer 1 race. It’s early days, it’s not a proven network effect. That bet is actually a good bet. It’s not an all-in bet. But that bet was the Solana bet last cycle, the ETH bet the cycle before…

So I think about it, there are some really good trades out there, and they’re really fun, but they go very quickly, and they’re usually overvalued and then they go down 95% after that.”

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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