Benzinga - Raoul Pal, a former Goldman Sachs executive and a macroeconomic guru, said Solana's chart is getting "very interesting" - with its value already up 85% this year.
What Happened: Pal compared SOL with Ethereum (CRYPTO: ETH) which is up 168% in 2023.
“SOL is also rhyming a lot with ETH back in 2019,” Pal tweeted.
The SOL/ETH chart is getting very interesting.... it's already up +85% vs ETH this year (and is up +168% in dollar terms).$SOL is also rhyming a lot with ETH back in 2019.#cryptospring pic.twitter.com/a0MXoMkE2TSee More: Top Indian Apps That Give Bitcoin, NFT Rewards— Raoul Pal (@RaoulGMI) February 20, 2023
Last week, Pal noted that Ethereum’s inverse chart is displaying a clear ‘GMI crash pattern.’ According to Pal, a break of the $2,000 level would be the final confirmation that the pattern is in motion.
He said that Ethereum could reach $10,000 by 2024. “I don't see any reason why it's not about $10,000. I see no reason at all. So, you know, that's a decent upside from here.” He said this during an interview with Altcoin Daily.
Read Next: Bitcoin Nears $25K, Ethereum, Dogecoin Spike: Analyst Sees Apex Crypto Hitting $40K Before 'Harsh Correction' This Year
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