Former Goldman Sachs executive: “Solana will lead a new bull market in the cryptocurrency market”
Real Vision CEO Raoul Pal, a former Goldman Sachs executive, evaluated the prospects of Solana (SOL) positively through his personal YouTube channel with 94,200 subscribers.
 ▲ Solana (SOL) |
Pal assessed that the cryptocurrency market is heading towards the 'banana zone', a period of sustained growth for a long period of time. As for the time to enter the banana zone, he mentioned the fourth quarter of this year, when the U.S. presidential election is scheduled.
After the cryptocurrency market enters the banana zone in earnest, it is predicted that Solana, a smart contract platform, will lead a new bull market in the cryptocurrency market. The fact that there are many developers participating in Solana ecosystem activities was also seen as a positive factor.
He pointed to NFT compression and Firedancer, the Solana blockchain's third-party verification software, as two factors that make him optimistic about Solana's prospects.
“NFT compression means NFTs can open up a variety of use cases, whether it’s ticket purchases or derivatives contracts,” Pal said. “This allows for large-scale NFTs at low cost.”
He then mentioned Firedancer and revealed that this was the reason he allocated 90% of his net liquid assets to Solana. Firedancer is scheduled to be released next year with the goal of improving blockchain transaction processing speed, scalability, and efficiency.
