Macro guru and Real Vision CEO Raoul Pal says Solana (SOL) will lead the next digital asset market expansion.
In a new video update the former director of Goldman Sachs tells Its 94,200 YouTube subscribers indicate that the crypto market is approaching the “banana zone,” or a long period of sustained growth.
Pal predicts that smart contract platform Solana will lead crypto out of its price slumps and into a new bull market phase.
“When is the banana zone? I think it’s coming, and I think Solana is going to lead it. As I have urged you, patience is required. These things don’t come immediately, but when they do they can be life-changing.”
The macro guru previously said the banana zone is coming as crypto assets historically tend to rise during the fourth quarter of presidential elections.
Pal also says he is bullish on SOL because of two major additions to the Solana blockchain.
“There are two things that I noticed and really liked about Solana, besides the fact that a lot of developers are building on it…
There were two big things that really interested me [in Solana]. One of them was NFT (non-fungible token) compression, which means that NFTs can be opened up to different use cases, whether it’s ticketing, whatever it is, even derivatives contracts. Compressed NFTs enable large-scale NFTs at a low cost.
Then it was Firedancer that really won me over, making me go all in on Solana, where now 90% of my crypto allocation, which is 100% of my liquid assets, is in Solana. [That] It may seem silly to some of you, but I think market concentration is the right way to do things once you connect everything together.”
Firedancer, a third-party validation software for the Solana blockchain, aims to improve the transaction processing speed, scalability and efficiency of the blockchain. It is planned will be launched sometime next year.
At the time of writing, SOL is trading at $137.93.
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