Solana (SOL) to the Moon? Raoul Pal Predicts Bullish Outlook

Story Highlights

Solana is bouncing back with vigor, doubling its TVL since the beginning of 2023.

Analysts predict better times for Solana, with Raoul Pal predicting it could reach the peak during the next bull market.

Analysts see a future crypto market hierarchy with Bitcoin leading, followed by Ethereum, and then Solana.

Despite recent hurdles, Solana is bouncing back with vigor. This year, it achieved a perfect 100% uptime and nearly doubled its total value locked (TVL) from $210 million to $415 million since the beginning of 2023, regaining attention in the crypto world.

After the SBF verdict, Solana (SOL) took a hit, losing over 5% and 12%. However, things started to look up as SOL’s price formed an upward trend. Solana broke the $28.16 resistance for the first time since July.

As the industry shifts focus from past issues, including the FTX/Alameda incident, and anticipates the next Bitcoin halving in 2024, the question arises: what does the future hold for Solana? Analysts predict better times for Solana. Can it beat Bitcoin and ETH?

The Future is Bright for Solana!

Raoul Pal, a former Goldman Sachs executive, in the latest interview on the Crypto Banter YouTube channel, has expressed high expectations for Solana (SOL), a prominent smart contract platform often seen as a competitor to Ethereum.

Pal believes that during the next bull market, Solana could reach the peak, potentially ranging between 1,097% and 2,294% from its current levels. At present, Solana is trading at $41.76, marking an impressive 300% increase since the beginning of 2023.

“My idea is somewhere between $500 and $1,000, just depending [on] what that market feels like.”

#BullishMove #Solana📈🚀🌐 #CryptoBullMarket #BullRunPredictions #CryptoNews🔒📰🚫 $BTC $USDC $ETH $