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Raoul Pal’s Cryptocurrency Price Predictions: Bitcoin, Solana and Ethereum
Raoul Pal, founder and CEO of Real Vision and Global Macro Investor, recently updated his price predictions for Bitcoin, SolanaAND Ethereum. He describes them as proven, battle-tested assets. He predicts that Bitcoin could see a 2 to 3 times increase from its all-time high of $69,000.
As reported by Savvy Finance, Pal is even more optimistic about Solana. He predicts that his native token could increase up to 47 times from the lows of the last cycle, reaching $750-1,000 per coin. He is equally bullish on Ethereum, explaining that it will easily break new all-time highs before the bull market ends in 2025.
He said he expects some market fluctuations in the short term, but believes the Solana-Ethereum (SOL-ETH) chart will move higher later in the year. He expects Solana to double or triple Ethereum’s performance, thanks to increased usage and development of Fire Dancer.
“If you go back to 2020, Ethereum started to bottom and then outperform from the summer onwards. It really started to pick up towards the end of 2020, and then in 2021 it went ballistic, you know, went into full banana mode. I think we will see something similar,” she added.
While NFTs fueled Ethereum’s last big surge, he believes usage is critical regardless of what form it takes. These early-stage uses, like meme coins now or NFTs before, serve as testing grounds for new technologies. He also speculated that we might start to see the rise of social tokens, which he has been discussing for some time.
“My guess is that 90% of the people who participate meme coins now they were in NFTs last time. Don’t forget that you could NFT Solana for basically free, so don’t confuse this with the end of NFTs. Someone will find another use for a non-fungible token, whether it’s a specific piece of art or something culturally relevant that works the same way as a meme coin, and you can buy them for free,” she said.
Also check: Macro guru Raoul Pal reveals his ‘biggest’ bets on meme coins; “Dogecoin should be the next ETF”