A former executive at Goldman Sachs thinks that a “rocket ship” Solana (SOL) chart is in the works before one bullish catalyst

According to Raoul Pal, a former executive at Goldman Sachs, Solana (SOL) is beginning to resemble a rocket ship on the charts as it prepares for significant advancements.

Pal discusses Firedancer, a new validator client for the Solana chain being created by trading giant Jump Crypto, in a recent interview with Scott Melker.

Firedancer’s goal is to greatly enhance Solana’s scalability, increasing its TPS potential to well over a million.

Replies Pal, “I thought maybe it was a layer-2 blah blah blah compromise at the moment, but when I got home and looked at the Solana/Ethereum (SOL/ETH) and Solana/Bitcoin (SOL/BTC) charts, which I’ve been watching for quite some time, I was stunned. What the heck is going on?

After doing some research and watching some interviews with the Jump trading team that developed Firedancer, I learned that Firedancer is a standalone validator for Solana that improves the overall security of the chain and that, yes, these speeds are correct because the project’s developers are aiming to create lightspeed for high-frequency trading. Okay, this is a very big deal.”

There is currently no official release date for Firedancer. Pal had previously predicted that Solana (SOL) will have a bull market cycle similar to Ethereum’s (ETH) in 2021, and he now claims that SOL is still on pace to achieve this.

Risk and return wise, “I’m wondering whether this may be the Ethereum of this cycle. This in no way diminishes the value of ETH or Bitcoin. Our goal is to maximize our profits whenever feasible in light of the current state of the economy. That’s the game.”

Also Read: The collaboration between Siemens and Microsoft will help advance the use of AI in manufacturing