Raoul Pal, CEO of Real Vision, wither He stated that the altcoin will continue to rise against Ethereum.
Former GOldman Sachs executive stated that he is closely following the Solana and Ethereum (SOL/ETH) pair. According to Pal, SOL is outperforming Ethereum after the pair broke out of a descending channel.
Finally, SOL is up over 30% in the month (+150% YTD!) and broke the downtrend against ETH. This is something we’ve been waiting for for a while, and we think this trend will rise even higher.
The macro guru, citing wider global adoption and continued fiat currency depreciation, cryptocurrency He said he believes the market will outperform other asset classes in the current cycle.
Pal also believes that the approval of the spot Bitcoin ETF will likely push the crypto market higher.
…Additionally, it is driven by the secular trend. The adoption trend of crypto is huge. There are currently 421 million wallets. It continues to increase every year. Even in the bear market last year, it grew 40%. So in the coming years, we’ll probably increase that number to a billion pretty quickly.
So we have a big change ahead of us. Continuing adoption. Whether you like it or not, central bank digital currencies are coming, which means the adoption of blockchain technologies.