Real Vision CEO and economist Raoul Pal expects layer-1 altcoin projects and blockchains focused on interoperability to shine. He said that in this area, a total of 5 altcoin projects will perform well this year. cryptocoin.com We are giving the details as…
Raoul Pal predicts bullishness in these altcoin projects
In a new interview, Pal says that Bitcoin (BTC) and Ethereum (ETH) each act as “fundamental investments” for their own reasons. Noting that he looks at his investments in terms of network interaction and which networks are growing within the cryptocurrency, the economist concludes that Ethereum is the largest, most stable network in terms of the number of developers and the number of people investing. “Bitcoin, the largest crypto in the field, is another fundamental investment,” he says. The CEO of Real Vision says that the other five altcoins he is paying attention to are Ethereum (ETH) rivals Terra (LUNA), Avalanche (AVAX), Solana (SOL) and Polygon (MATIC), as well as Quant (QNT):
We see layer-1 projects like Terra, Avalanche and Solana. I think 2022 will be the year of interoperability, so we’re looking at Polygon, Quant, other projects that could give us these opportunities.
Pal also said that he expects 2022 to be a bullish year for decentralized finance (DeFi), non-fungible tokens (NFTs), and social tokens. The former Goldman Sachs executive said he expects more crypto adoption from major investors such as banks and government wealth funds, including Dubai, Abu Dhabi, Kuwait and Saudi Arabia, adding:
I think banks will essentially be on their trading books, not on their balance sheets. I think we’re going to see more pension funds and institutional investors in the space, and I think this could be the year for mutual funds.
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