Cryptocurrency experts predict rapid growth of Solana cryptocurrency

Former Goldman Sachs executive Raul Pal has said that Anatoly Yakovenko’s blockchain cryptocurrency, Solana SOL $258.96 Solana 0.82% Market capitalization $122.91 billion VOL. 24 hours $1.24 billion , reminds him of Ethereum ETH $3,433.21 Bridged Ether (StarkGate) 2.91% Market capitalization $0.29 billion VOL. 24 hours $2.33 billion during the bear market in 2018 and 2019.

In a new interview with Real Vision Crypto, the company’s founder notes that SOL, which is the second-largest investment in his personal cryptocurrency portfolio, is likely to repeat Ethereum’s «dramatic recovery from the bear market to new highs.»

«It is still my second largest holding. I like it a lot. It reminds me of ETH in 2018−2019. I think there is a huge amount of activity here. I think that [засновник Solana Анатолій Яковенко] has proven himself to be one of the best leaders and thinkers in this space, kind of like Vitalik [Бутеріна]. I think developer activism is great. I think online activity is great. Innovation is great. So, there is a possibility that [зі SOL] will be fine,» the analyst said.

According to Pal, cryptocurrencies are part of «the biggest macro structure in history.» The analyst believes that the digital asset class will «directly benefit from the rapid development of technology and the depreciation of fiat currencies.»

«I've seen what I think is the biggest macroeconomic situation of all time, namely the exponential era, cryptocurrencies, and quantitative easing. It’s so explosive. I think it will happen again over the next few years. I plan to invest all my excess savings in this particular cryptocurrency [SOL]. For me, this is a once-in-a-lifetime opportunity,» Pal emphasized.

At the time of writing, Solana (SOL) is trading at $ 24.46. The total amount of coins circulating on the market is $ 9.9 billion. Traders have made daily trading deals with SOL worth $ 289.6 million.