đ€Ż Expert predicts Solana price could soar 47 times from recent lowsâ Raul Pal predicts Solana price could rise 47 times from previous lows, targeting $750-$1000.â Solana is up over 600% this year , with recent gains driven by advances such as the "Fire Dancer" solution.â Market data shows that Solana's open share has increased by 7.69% to US$2.62 billion, and the number of active addresses exceeds 1 million. A well-known financial analyst predicts a very bullish future for Solana (SOL), predicting that its value could potentially rise to 47 times its previous lows. The price of Solana, currently trading at $174, has seen a staggering increase of over 600% year-to-date, with up 5.1% over the past 24 hours and up 0.8% over the past week. Raul Pal, founder and CEO of Real Vision and Global Macro Investor, highlighted Solana's promising future. Pal predicts that SOL prices will rise to between $750 and $1,000, citing the cryptocurrency's resilience and the significant technological advances it has made, such as the "Fire Dancer" scaling solution. He believes that Solana, along with Bitcoin and Ethereum, has demonstrated its resilience in a volatile cryptocurrency market. Pal draws comparisons with Ethereum's rise in 2020, suggesting that Solana may follow a similar pattern, potentially leading to significant price increases. It also highlights the impact of non-fungible tokens (NFTs) on the Solana market, pointing to the cost-effective creation of NFTs on the platform and the potential for new innovative applications of NFTs in the future. Current market data coincides with Pal's positive outlook. Solana's open interest, a measure of futures market liquidity, rose 7.69% to $2.62 billion, along with a 20% increase in trading volume. In addition, the number of active Solana addresses has grown from less than 800,000 to more than 1 million in the past month, indicating increased user engagement and adoption. However, despite the fact that Solana surpasses Ethereum in the number of active addresses.
