Former Goldman Sachs Exec Predicts ‘Banana Zone’
Raoul Pal, a former Goldman Sachs executive and CEO of Real Vision, predicts that Solana (SOL) will lead the next cryptocurrency market expansion.
Pal believes the crypto market is entering the “banana zone,” a period of sustained growth. He highlights Solana as the platform to watch, stating, “When is the banana zone? I think it’s coming, and I think Solana is going to lead it.”
Reasons for SOL Bullishness
Pal cites two key factors contributing to his bullishness on SOL:
- NFT Compression: This technology allows for the creation of NFTs at a lower cost, opening up new use cases.
- Firedancer: A third-party validation software that aims to enhance Solana’s transaction speed and efficiency.
High Allocation in SOL
Pal reveals that 90% of his crypto allocation is currently in SOL. He believes that market concentration is beneficial when assets are highly correlated.
Current SOL Price
At the time of writing, SOL is trading at $137.93.
