Former Goldman Sachs executive expresses confidence in the future rise in the price of SOL
According to Raoul Pal, the asset’s downtrend in 2022 and its recent recovery are reminiscent of the three-year dynamics of ETH
11.04.2023 - 15:00
375
2 min
0
Real Vision CEO Raoul Pal thinks Ethereum (ETH) competitor Solana (SOL) could mirror the top altcoin’s meteoric rise in price between 2018 and 2021.
In a blog post originally published for his clients in January, the former Goldman Sachs executive laid out his prediction for SOL’s long-term future.
According to Pal, SOL’s downtrend last year and its recent recovery are reminiscent of Ethereum’s performance over a three-year period.
Raoul Pal says that in 2018, Ethereum completed a five-wave downtrend before rising to its all-time high of $4,742 in November 2021.
“With SOL, I think we are seeing a repeat of ETH in 2018: a 5-wave fall of 95%. Here is ETH (it rose 46x from the low in 2018 to the high in [2021]!)”
Source: Raoul Pal/Real Vision
Looking at Solana, Pal believes that SOL has also completed a five-wave downtrend and now appears poised for a burst to the upside.
“Here is SOL…”
Source: Raoul Pal/Real Vision
SOL is trading at $21.15 at time of writing. The 11th-ranked crypto asset by market cap is up 4.70% in the past 24 hours.
Meanwhile, ETH is trading at $1,933 at time of writing and is up nearly 4% in the past 24 hours.
Last month, the macro guru argued Ethereum’s technicals and fundamentals suggested it could massively outperform Bitcoin (BTC) in the coming cycle.
Pal believes that the leading smart contract platform’s total addressable market is much larger than Bitcoin’s.
“Ethereum is a broader basis architectural protocol of which we can build more stuff on top of. Bitcoin just doesn’t do that. It has a different use case. So it’s unlikely to be as big.
Is the internet worth more than gold? Yes, simple as that, and that’s basically the argument here.”
This material is taken from the website https://dailyhodl.com.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$65 941
BTC
-1.35%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.15
XRP
+0.31%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.072995
DOGE
-0.64%
-
Zcash
$517.24
ZEC
-5.41%
-
Cardano
$0.176444
ADA
+0.71%
-
Stellar XLM
$0.190835
XLM
-1.39%
-
Polkadot
$3.32
DOT
+5.27%