BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Raoul Pal Speculates that Solana Could be the Ethereum of Next Crypto Cycle

by BlockNews.com Team
November 1, 2023
in CRYPTO, FEATURED, INVESTING
Reading Time: 2 mins read
A A
5
SHARES
78
VIEWS
Share on XShare in TelegramShare on Reddit
  • Solana (SOL) is looking increasingly bullish according to charts and former Goldman Sachs executive Raoul Pal, who believes a major upgrade called Firedancer could send the price rocketing higher soon.
  • Firedancer is a new validator client being developed by Jump Crypto that aims to drastically improve Solana’s scalability beyond 1 million transactions per second. The team comes from high-frequency trading.
  • Pal believes Solana could mimic Ethereum’s bull run in 2021 and thinks SOL offers an attractive risk-reward opportunity as a standout gainer if the economy worsens.

Solana (SOL) is looking increasingly bullish according to former Goldman Sachs executive Raoul Pal. He believes a major upgrade could send the price rocketing higher soon.

The Bullish Price Action

Pal notes that SOL/ETH and SOL/BTC look like “a rocket ship” based on the charts. He initially thought the bullishness was related to a layer-2 scaling solution. However, upon further research, he realized it was due to an upgrade called Firedancer.

🚨 NEWS: Former Goldman Sachs executive Raoul Pal is "very bullish" on Solana $SOL.

He called SOL a "rocket ship" when compared to $ETH and #Bitcoin via the @scottmelker podcast.

He highlighted Solana's Firedancer validator, stating it could allow Solana to solve the… pic.twitter.com/dIxwrKJb80

— BlockNews.com (@blocknewsdotcom) November 1, 2023

Firedancer – A Revolutionary Solana Validator

Firedancer is a new validator client being developed by Jump Crypto. It aims to drastically improve Solana’s scalability beyond 1 million transactions per second. The team behind it comes from high-frequency trading, so they are experts in speed.

Pal’s Outlook on Solana

With this in mind, Pal believes Solana could mimic Ethereum’s bull run in 2021. He thinks SOL offers an attractive risk-reward opportunity in this market. While not taking away from ETH or BTC, SOL could be the standout gainer of this cycle if the economy worsens.

Tags: cryptoFiredancerGoldman SachsJump CryptoRaoul PalSolana
Tweet1ShareShare
Previous Post

Bitcoin Soars to a 17-month High of $35,000, Marking a 27% Gain in October

Next Post

Solana Closes Its Third Highest Monthly Candle in History and is Eyeing $40 Moving Into November

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.