$SOL: Real Vision CEO Raoul Pal Says in Next Cycle His Bet Is ‘Really on Solana'

Recently, former Goldman Sachs executive Raoul Pal explained why he is so bullish on $SOL, the native token of the Solana blockchain. Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized computing platform that uses SOL to pay for transactions.

Timeline of Solana

Recently, James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, talked about $SOL, the native token of the Solana blockchain, and explained how he had arrived at his price target for $SOL.

Solana, house to leading projects such as Serum, Mango Markets, StepN, Magic Eden, and Star Atlas, has seen tremendous ecosystem growth in the last month. With increased activity on the network, data from Santiment showed that the last three months had been marked by a 105% spike in the network's social media mentions and 170.

A popular crypto strategist is analyzing Solana's (SOL) potential price path in relation to Bitcoin's (BTC) possible explosion during the next bull market. In a new YouTube video, the anonymous host of InvestAnswers unveils to his 444,000 subscribers a strategy for predicting Solana's value in the future.

Okay Bears have quickly become the signature Solana NFT project. That's back on display this week, as a new licensing deal has come to life with Okay Bears and entertainment behemoth IMG.

Solana [SOL] seems to have been long forgotten recently with other blockchains, such as Ethereum [ETH] and Cardano [ADA] grabbing the headlines. The network has long been scrutinized for its outages over the years.

The price of Solana (SOL) has been volatile against tether (USDT), causing more pain for hodlers. Despite showing such strength, the price of Solana (SOL) has risen from $30 in recent weeks to around $45, as many investors hoped for more relief rallies to around $60.

The Solana price analysis is going bullish for today as it reveals that the price has been following an upward movement today, as the bulls have constantly been striving for the lead. Bulls have finally dodged the ongoing bearish trend as the coin was on the decline previously.

Delphi Digital fueled quite the stir recently after it revealed that Solana hit a new ATH of sorts. According to its tweet, Solana recorded NFT volumes of 344k – An ATH that well surpassed its previous all-time high set in May.

The Solana price analysis predicts an increasing trend for cryptocurrency today. Although the price was facing bearish resistance earlier, the bulls have managed to bring the price to $33.8 in the last 24 hours.

Solana price analysis shows significant volatility today, particularly because the market is slightly bullish and because NFTs in the Solana ecosystem continues to thrive. Its price hit a low of 32.22 today and it currently trades at the $33.9 mark.