Real Vision CEO Raoul Palthinks that a smart contract platform that is in the race to compete with Ethereum (ETH) stands out.
Pal in a new interview with Hedgeye CEO Keith McCullough witherof (LEFT) has “provable” network effects. He stated that SOL’s chart was a “perfect match” with ETH’s 2017 chart.
“It is used everywhere because EthereumIt’s cheaper and faster than ‘, but Solana is more ‘central’…”
Left (LEFT) It is currently trading at $215 and is down 0.22% from the previous day.
Pal noted that the Avalanche (AVAX) and Terra (LUNA) smart contract platforms also have ‘provable network’ effects, but he thinks these projects have not come a long way until Solana.
Avalanche (AVAX) is currently trading at $116.76 and has lost more than 10% on the day. Terra (LUNA), on the other hand, is trading at $40.67 and has gained 1.47% in the last 24 hours.
Pal also noted that other smart contract platforms such as Cardano (ADA) have seen positive price action with no demonstrable network effects. The former Goldman Sachs executive may indicate that Cardano’s lack of on-chain activity may indicate that ADA’s price is now higher than it should be.
Cardano (ADA) is trading at $1.78 and has gained 0.39% on the day.
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