Real Vision founder and CEO Raoul Pal informed his followers about his favorite altcoins other than Ethereum (ETH).
Pal, an Ethereum bull, has 795,200 Twitter followers as an ETH competitor smart contract platform Solana’s (LEFT) He said that it is one of his favorite altcoins. The fifth-ranked crypto asset by market cap, Solana’s native token SOL, at the time of writing; It is trading at $197, up about 2 percent on the day.
Three popular smart contract platforms among Pal’s other favorite altcoins Avalanche (AVAX), Terra (Luna) and Polkadot (DOT) there is also.
AVAX, the 11th-ranked crypto asset by market cap, is trading at $108, down nearly 1 percent at the time of writing. During the same period, the LUNA is starting to trade in the green and changing hands at $42.09, up 5 percent. The 9th-ranked crypto asset by market cap, DOT, is trading at $35.40 at the time of writing, down 1 percent on the day.
Although Pal lists four smart contract platforms as his favourites, he states that he also agrees 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 blockchains will outpace supply.
“Another great thread from Chris Dixon that I agree with 100%. The cake is growing; The slices may change in size and increase in number over time, but most of them grow with the cake.”
Another great thread by @cdixon 100% agree. The pie is getting bigger and slices may vary in size and will increase in number over time, but most are getting bigger too.. https://t.co/xRMau2aLbD
— Raoul Pal (@RaoulGMI) November 21, 2021
Pal also believes that the Ethereum/Bitcoin (ETH/BTC) chart is currently the “most important chart” in the crypto markets.
“I think the ETH/BTC chart is 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 rise further.”
At the time of writing, Ethereum is trading at $4,180, or around 0.076 BTC.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.