- Raoul Pal, a macro expert and former Goldman Sachs executive, said that an Ethereum (ETH) rival altcoin is in the next bull run. cryptocurrency He says he can outshine his units.
Pal said in a recent Q&A session that some of Ethereum’s biggest rivals will benefit greatly from crypto adoption, which will increase once the markets eventually rebound.
“As crypto adoption continues to grow, it flows from ETH to Solana, Avalanche, and a host of other protocols. So I think we will see ETH take the lead, then we will see these assets start to follow ETH as we start a new bull market. That’s how things usually go.”
Koinfinans.com As we reported, Pal predicts competing tier-1s will perform as Ethereum did in late 2020 and 2021, placing its bets as the altcoin to watch closely. to Solana (LEFT) putting it.
“I think many of these tier-1s this time will act in a similar fashion to ETH in the final cycle. Eventually they will become very large dominant chains. Which ones? I really do not know. My money is really on Solana, but it could be any of these… Solana, I’ve given more to this than the others, but I’m watching all of this closely and waiting to see what happens. “
The Real Vision founder is also on the Ethereum pair (ETH/SOL), which he believes creates a potentially bullish setup. wither stated that he was interested in
The famous economist claims that the DeMark indicator, which aims to detect the directional trend of an asset by comparing the latest maximum and minimum prices with the price of the previous period, is bullish on multiple timeframes for SOL/ETH.
“I also have a technically perfect monthly, daily and weekly DeMark setup on Solana/ETH cross. To be clear, I’m not yet ready to bet that I’ll convert my ETH to Solana, but I do have some SOL. But I’m observing it to say, ‘Let’s see if this works,’ because that would be a narrative that people didn’t really expect…”
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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.