Cryptocurrency investor and former Goldman Sachs executive Raoul Pal says the four altcoins are among the leading cryptocurrencies. [Bitcoin (BTC) ve Ethereum (ETH)] stated that it closely follows the strong adoption curves it has revealed. Here are these four altcoin and Pal’s comment.
Speaking in an interview on Anthony Pompliano’s YouTube channel, Pal stated that he is closely following four altcoins that resemble BTC and ETH and show signs of rapid adoption.
CEO of Real Vision, smart contract platform witherof (LEFT) says its adoption rate almost perfectly mirrors Ethereum.
“I bet Solana is following Ethereum in 2017. If anyone was on the market at the time, Ethereum was the “rocket ship” that surprised everyone and guess what…
When we look at the prices, the situation is the same, following Ethereum; Ethereum is also following Bitcoin… as if the whole secret is in the adoption of this network.”
Also speaking about other smart contract platforms accepted by the community, Pal said:
“Terra, probably Avalanche and probably polkadot‘s prices experienced rapid growth and were quickly adopted by the community. If you ask me, I think they will all complete this cycle successfully. Then they will drop like Ethereum (which they follow). We will see what happens in the end.”
While we are preparing this article, Terra (LUNA) costs $37.27; Avalanche (AVAX) at $54.40; Polkadot (DOT) is trading at $ 33.69.
Pal stated that the developers of these projects love these projects because of the number of projects they have built.
“It’s strange, but everything is consistent. I never thought the situation would be so consistent because everyone on the internet is talking about this “my project, my project”. They’re all the same, but which one is great?”
Pal also shared his answer in a question asked about “the importance of decentralization of blockchain projects from an investor perspective.”
“It’s a risk curve. Bitcoin is at the bottom of the risk stack because of this curve. (Bitcoin) is a core asset because it is the most decentralized. It’s not that hard to understand.”
But when you go a little further than Bitcoin, cryptoassets become less decentralized and therefore more risky. Of course, that doesn’t mean they don’t play a role, but they can’t necessarily play that kind of backup role for long either. It should also be noted that there is an element of risk that Bitcoin does not have, which is more difficult to price.”
https://www.youtube.com/watch?v=L8kilExgrk8
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.