Raoul Pal, the macro guru and CEO of Real Vision, is confident that Solana (SOL) will be at the forefront of the next digital asset market expansion.
In a recent video update, the former Goldman Sachs executive shared his belief with his 94,200 YouTube subscribers that the crypto market is on the verge of entering what he calls the “banana zone,” a prolonged period of sustained growth.
Pal anticipates that Solana, a smart contract platform, will be the driving force behind the crypto market’s recovery from its current stagnation and will usher in a new bull market phase.
“I believe the banana zone is approaching, and I believe Solana will be at the helm. As I’ve stressed before, patience is key. These things take time, but when they happen, they can be life-changing.”
The macro guru previously mentioned that the banana zone typically occurs in Q4 of presidential election years, historically leading to rallies in crypto assets.
Pal also expressed his bullish outlook on SOL, citing two significant enhancements to the Solana blockchain.
“Two things about Solana caught my attention, apart from the fact that it has a large number of developers building on it…
There were two major factors that really piqued my interest in Solana. One was NFT (non-fungible token) compression, which allows NFTs to be used for a variety of purposes, such as ticketing and derivatives contracts, at a low cost and on a large scale.
The other was Firedancer, which sealed the deal for me and led me to put 90% of my crypto allocation, equivalent to 100% of my liquid net worth, into Solana. Some may consider it unwise, but I believe that market concentration is the right approach when everything is correlated.”
Firedancer, a third-party validation software for the Solana blockchain, is designed to enhance the blockchain’s transaction processing speed, scalability, and efficiency. It is expected to be launched next year.
As of the time of writing, SOL is trading at $137.93.
Subscribe now to receive email alerts directly to your inbox and stay updated on price action. Follow us on Twitter, Facebook, and Telegram to stay informed.
Don’t miss out on The Daily Hodl Mix


Disclaimer: The opinions expressed at The Daily Hodl do not constitute investment advice. Investors should conduct their own due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are undertaken at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.