Macro investor and former Goldman Sachs executive Raoul Pal expects bullishness in four altcoin projects. The famous economist states that these altcoins closely follow the strong adoption curves put forward by Bitcoin (BTC) and Ethereum (ETH).
Raoul Pal unveils four altcoin projects to explode
In a new interview, Raoul Pal describes four altcoin projects that reflect the trend of BTC and ETH and have fast network adoption trajectories. Real Vision CEO says that the adoption rate of smart contract platform Solana (SOL) mirrors Ethereum almost perfectly. Raoul Pal adds the following to his explanations on the subject:
It follows Ethereum exactly, and I’m talking about following Bitcoin exactly in its price structure. In Bitcoin, it follows Bitcoin 2013, which is fascinating in the price structure, not the price itself. I bet Solana is following Ethereum in 2017. If anyone was on the market at the time, Ethereum was the rocket ship that took everyone by surprise and guess what… It’s a complete picture. And the prices are the same. Solana follows Ethereum exactly, Ethereum follows Bitcoin exactly… It’s like all the magic is in the adoption of this network.
Raoul Pal: Terra, Avalanche and Polkadot are powerful looking coins!
Raoul Pal continues to share three other smart contract platforms that he predicts are gaining broad network adoption and therefore increasing value. Raoul Pal adds the following to his explanations on the subject:
Rapid growth, where you see exponential prices rising more than anything else, the other three clearly in the fast adoption phase are the clearly popular altcoin Terra, possibly Avalanche, and possibly Polkadot. And I think they will all be successful in this cycle. And like Ethereum, they will all fall long after. And after that, we will see how the trend is formed.
Raoul Pal: They’re almost the same! Which is great…
Raoul Pal explains that developers love these platforms because of the number of projects they have built on them. Raoul Pal adds the following to his explanations on the subject:
Strangely consistent. I never thought this would be the case, because you see all the people online, like, ‘My project, my project’. But when you balance it all out clearly and just apply the adoption effects… The question is, do these things look similar? They are almost the same. Which is great…
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