Former Goldman Sachs CEO Raoul Pal recently stated during a ask me anything (AMA) that he expects a particular altcoin during the next bull market can outperform all other cryptocurrencies. He is talking about solana (SOL).
Solana is going to explode?
Raoul Pal acknowledges that the Solana network has been experiencing fairly significant technical problems lately. Nevertheless, according to Pal, it is a fact that the Solana network, especially compared to Ethereum (ETH), doing very good business. The Solana network has a sky-high capacity and the activity on the network is also very impressive.
“I love Solana. Yes, I understand it keeps breaking. Yes, I also understand that everyone knows that, so there’s no informational edge in that at all. Therefore, if it survives the problems it is one of the biggest crypto protocols and it has more activity than any other chain outside of Ethereum, then the chances of Solana doing well in the next upcycle for me are very high.”
Solana in trouble
With the problems at play, Pal is of course referring to the series of disruptions that seem to plague the network with some regularity this year. Only a few days ago it hit again. Due to a software error, the Solana network was completely shut down for about 7 hours.
This is a thorn in the side for a network that has the ambition to compete with established powers such as the Ethereum network. If these problems are solved sooner or later, according to Raoul Pal, there is a good chance that the Solana network will make great strides during the next bull market.
Raoul Pal is also known as a ‘macro-guru’ and that’s why he came up with a macroeconomic forecast as well. According to him, the crypto industry is currently very well positioned compared to some other sectors. Pal states clearly that he remains very bullish cryptocurrencies in the long-term.