Real Vision founder and CEO Raoul Pal updated his followers about his favorite altcoin projects outside of Ethereum (ETH). cryptocoin.com We share the details as…
Raoul Pal highlighted these 4 altcoin projects the most
Pal, an Ethereum bull, tells his 795,200 Twitter followers that ETH competitor and smart contract platform Solana (SOL) is one of his favorite altcoins. The fifth-ranked crypto-asset by market cap, Solana’s native token SOL is trading at $195.6, up nearly 3.18% on the day.
Pal also lists three other smart contract platforms, Avalanche (AVAX), Terra (LUNA), and Polkadot (DOT) among his favorite altcoins. AVAX, the 11th-ranked cryptocurrency by market cap, is trading at $110.06 at the time of writing, down nearly 9% on the day. During the same period, LUNA was down 2.36 percent to trade at $41.81. DOT, the 9th-ranked cryptocurrency by market cap, is trading at $35.83 at the time of writing, down 11.69 percent on the day.
Although Pal lists four smart contract platforms, he does agree with a theory put forward by Andreessen Horowitz’s general partner Chris Dixon, which states that “ETH killers” are a myth. Dixon believes that demand for Blokchcians will outpace supply. Pal also considers the Ethereum/Bitcoin (ETH/BTC) chart to be the “most important chart” in the crypto markets at the moment, using the following statements:
The ETH/BTC chart is, in my opinion, the most important chart in the digital asset markets right now. A break higher will lead to more risk seeking by the end of the year. BTC will also go higher.
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