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Top Ethereum Competitor Could Skyrocket by Over 600%, According to Former Goldman Sachs Executive Raoul Pal

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Ex-Goldman Sachs executive Raoul Pal is expressing bullish sentiment on a large-cap Ethereum (ETH) rival.

In an interview with Wall Street veteran Anthony Scaramucci, Pal says that by the end of the current cycle, Solana (SOL) could explode to a price that’s “probably north of $1,000,” representing a potential gain of at least 604% from the current level.

“I think the range for me is.. worst case is $800, mid case is like $1,200. Upper case in a blowoff top would be $2,500.”

Solana is trading at $142 at time of writing.

On whether Solana could outgrow Ethereum by market capitalization, Pal says,

“I don’t think so. I think Solana grows massively and closes the gap massively with Ethereum.”

Ethereum’s market cap is at $318.7 billion at time of writing while Solana’s is at $67.02 billion.

The macro guru further says that the two blockchains are optimized for different market segments.

“Different chains are used for different things. Ethereum is securer, is probably the chosen one for the finance industry to build on top of whether it’s layer-2s or whatever because it’s very secure, very well battle-tested and very respected and still innovative.

Solana seems like it’s more for retail application and fast-moving applications…

…Ethereum decentralized finance (DeFi) has really been the big thing and obviously non-fungible tokens (NFTs) were very big, but that’s also gone to Solana.

So valuable transactions… if banks are going to transfer hundreds of gazillions of dollars between each other, Ethereum is likely the chain of choice.

Solana… for lots of rapid transactions, it’s the right choice.”

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Dogecoin (DOGE) Leads Crypto Market Resurgence With Explosive Move As Traders Eye $1 Price Target

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Dogecoin (DOGE) is in the middle of an explosive move, running more than 160% in less than a week as one of the main beneficiaries of the bounce in crypto markets.

DOGE is up 107% in the last week after adding $30 billion to its market cap in one day.

With DOGE gaining momentum, traders and analysts in the space are eyeing the top memecoin’s next move, focusing on the psychological $1 level.

Pseudonymous crypto trader Kaleo tells his 656,000 followers on the social media platform X that DOGE is now due for some chop and then a “flush” down, potentially below the $0.30 level before continuing higher.

“General PA (price action) here makes sense to me.

Chop under meme resistance (0.42069) for a minute, have one flush back down to high 20s / low 30s to shake out late longs and fomo (fear of missing out) top buyers, then continue to rip.”

Image
Source: Kaleo/X

Ultimately, Kaleo sees DOGE reaching the $1 mark, currently about a 170% rally.

“Roadmap to $1.00.”

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Source: Kaleo/X

Legendary commodities trader Peter Brandt recently accurately called DOGE’s breakout from an inverse head and shoulders (H&S) after breaking out of a channel. Brandt says a break of all-time highs – above $0.73 – is imminent.

“In Musk we Trust

DOGE confirms channel breakout with massive underlying price accumulation and new ATHs around the corner.”

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Source: Peter Brandt/X

Other veteran traders like the widely followed Bluntz have also called for $1 DOGE, saying that the crucial dollar level is “not the meme you think it is.”

Some analysts aren’t as confident in DOGE. Pseudonymous trader Donalt recently addressed his 595,000 followers on X warning that Dogecoin was a “coin of old” not likely to gain the attention of new retail market participants.

At time of writing, DOGE is trading at $0.37.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Analyst Predicts Massive Rallies for Two Under-the-Radar Altcoins – Here Are His Targets

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A closely followed crypto strategist thinks two altcoins unseen by most traders are gearing up for huge upside bursts.

Analyst Ali Martinez tells his 78,600 followers on the social media platform X that he’s bullish on the native asset of the peer-to-peer file storage network Filecoin (FIL).

According to the analyst, FIL looks poised to rally to its range high after respecting its long-term support. Martinez also thinks that FIL could witness exponential rallies if it manages to overcome a crucial resistance level.

“Missed out on the $2.94 entry, but I’m still bullish on Filecoin FIL at this level.

The lower boundary has held strong for almost two years, setting us up for a potential rebound to $9.50 – a 145% gain. If we see a breakout above the upper boundary ($9.50), FIL could reach $30, delivering around 700% upside from here.” 

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Source: Ali Martinez/X

At time of writing, FIL is worth $4.32, up over 7% in the past day.

The trader is also keeping an eye on NOT, the community token for the popular Telegram-based tap-to-earn mining game Notcoin. Martinez says he’s bullish on NOT after the altcoin shattered the diagonal resistance of a falling wedge structure – a bullish reversal pattern.

“Notcoin NOT broke out of the falling wedge, and its price is projected to increase 76% to $0.012!” 

Image
Source: Ali Martinez/X

At time of writing, NOT is worth $0.0076.

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Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe

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Bitcoin is officially back in a bull market and could potentially hit $1 million per coin in the next few years, according to trader and investor Michaël van de Poppe.

However, the founder of MN Consultancy, MN Capital and MN Academy warned that a $1 million Bitcoin (BTC) price might come alongside a much broader debt crisis that could wreck the price of all assets in the short term.

Van de Poppe sat down with Decentralize with Cointelegraph host Jonathan DeYoung at DKGcon 2024 in Amsterdam for an exclusive interview to discuss the state of the Bitcoin bull market, whether an altseason is on the horizon, the impact of a Donald Trump presidency, and more.

Bitcoin Price, Donald Trump, Decentralize with Cointelegraph

Bitcoin price to $1 million?

Van de Poppe, who spoke with DeYoung on Oct. 24 — prior to Bitcoin’s recent return to new all-time highs — said that Bitcoin was back in a bull market but that it had been stuck in the “boring zone” while waiting for a return to the “banana zone.” 

“I still believe that, currently, we are on the verge of the perfect storm, or we are actually building it already, which means that next year is going to be big,” he said. “But maybe that’s the difference: I think that the next part of the cycle is going to be longer than the previous cycle, so we’re going to end up in somewhere 2026.”

Bitcoin Price, Donald Trump, Decentralize with Cointelegraph

Source: Michaël van de Poppe

As to whether Bitcoin will ever reach the oft-discussed $1,000,000 price point, van de Poppe said it will likely happen as long as the de facto policy from central banks continues to be money-printing. 

Related: Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

However, he cautioned that many investors don’t pay close enough attention to “the amount of debt that we create, and that’s going through the roof. […] It’s going to be recalled at some point, so we’re going to have a debt crisis like we’ve seen in 2008.”

“When and if that happens, the amount of dollars that we have in circulation is going to drop. And if that happens, the purchasing power is going to drop as well, and the price of Bitcoin will also change. So yes, at some point in time I expect it to happen. But if we have the crisis in between, yes, of course, it’s going to be disastrous for the valuation of all assets in the US dollar.”

Bitcoin’s future under Trump

Van de Poppe also weighed in on the impact that United States President-elect Trump and his administration might have on Bitcoin. “I think people overrate the current elections, he told DeYoung. “In the long term, it doesn’t matter.”

“Bitcoin doesn’t care about governments, and it doesn’t care about policies.”