Ethereum
Raoul Pal’s Crypto 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 tried and tested assets. He predicts that Bitcoin could see a 2-3x increase from its all-time high of $69,000.
As Savvy Finance reports, Pal is even more optimistic about Solana. He predicts that its native token could rise as much as 47 times from its last cycle lows, reaching $750 to $1,000 per coin. He is also bullish on Ethereum, explaining that it will easily surpass new all-time highs before the bull market ends in 2025.
He said he expects some short-term market fluctuations, but he believes the Solana-Ethereum (SOL-ETH) chart will overshoot and rise later in the year. He expects Solana to double or triple Ethereum’s performance, thanks to increased usage and the development of Fire Dancer.
“If you go back to 2020, Ethereum started to stabilize and then started to outperform starting around the summer. It really started to pick up towards the end of 2020 and then in 2021 it went ballistic, you know, it went into complete banana mode. I think we will see something similar,” he added.
Although NFTs have fueled Ethereum’s last major surge, he believes their use is essential, whatever form it takes. These early uses, like meme coins now or NFTs before, serve as a testing ground for new technologies. He also speculated that we could start to see the rise of social tokens, which he has been discussing for some time.
“I think 90% of people who are in coins were now in NFTs last time. Remember, you can make NFTs on Solana for next to nothing, so don’t confuse this with the end of NFTs. Someone is going to find another use for a non-fungible token, whether it’s a specific work of art or something culturally relevant that functions similarly to a coin , and you can buy them for free,” he said.
Also discover: Macro guru Raoul Pal reveals his ‘biggest’ coin bets; He Says “Dogecoin Should Be the Next ETF”