Analyst Raul Pal predicted Solana’s growth to $ 1000

Renowned cryptocurrency analyst Raul Pal has expressed an optimistic outlook for the future growth of Solana (SOL). He predicts a significant increase in its price amid the latest technological developments and market dynamics.

Raúl Pal, co-founder of Real Vision Group, noted that Solana can outperform such major cryptocurrencies as Bitcoin and Ethereum. He emphasized that significant changes do not happen instantly, but when they do, they can be significant.

Pal also revealed his personal strategy, noting that 90% of his cryptocurrency assets are invested in Solana, reflecting his confidence in the long-term prospects of this cryptocurrency.

In the technical analysis, Pal showed charts indicating the formation of a wedge, which signals growth after periods of low volatility. He expects a significant growth phase that could last until early next year, amid an active altcoin season.

In addition to technical indicators, Pal noted other fundamental factors that support a positive outlook. In particular, he emphasized the introduction of Solana’s NFT compression technology, which allows for the scalability and cost-effective processing of non-fungible tokens. He also highlighted innovations such as Blink, Fire Dancer, and ZK compression, which significantly increase Solana’s ability to process transactions.