Macro skilled Raoul Pal is optimistic that Solana (SOL) will proceed to surge as the value of the high-performance blockchain ramps up in opposition to Ethereum (ETH).
The Actual Imaginative and prescient CEO tells his 918,400 Twitter followers that he expects extra growth from Solana’s ecosystem now that the sensible contract platform seems to be on observe to outperform Ethereum (SOL/ETH).
“The SOL/ETH chart is tremendous attention-grabbing. SOL has been comparatively quiet in latest occasions however this chart is getting very near breaking out. I’ve a sense that there’s a lot extra to come back from the Solana ecosystem. I’ve been lengthy for a yr or so now.”
Pal’s remark comes after SOL briefly surged above $140 yesterday after plunging to a low of lower than $80 in March. At time of writing, the crypto asset is buying and selling at $138.43.
Whereas SOL positive aspects momentum in opposition to Ethereum, Pal says that he’s bullish on ETH in opposition to Bitcoin (ETH/BTC).
“ETH/BTC seems to be excellent.”
The macro guru additionally shares his outlook on crypto because the market reveals indicators of restoration following a multi-month downtrend. In a brand new interview, Pal says he stays long-term bullish on the nascent asset class.
“For those who suppose that progress is slowing and inflation will gradual, you need to personal equities and also you need to personal crypto and also you’re positive… What do you personal when gold’s gone nowhere?
I’m nonetheless 100% crypto as a result of I feel that’s the most important secular development of all time. On a worldwide macro investor stage, I’m lengthy {dollars}. I’m beginning to purchase exponential age equities and lengthy crypto and making an attempt to choose the highest within the bond market.”
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