Connect with us

Ethereum

Raoul Pal Details Four Favorite Altcoins After Bitcoin and Ethereum, Outlines ‘Most Important’ Chart in Crypto

Published

on

Real Vision founder and chief executive Raoul Pal is updating his followers on his favorite altcoins outside of Ethereum (ETH).

Pal, a vocal Ethereum bull, tells his 795,200 Twitter followers that ETH competitor and smart contract platform Solana (SOL) is one of his favorite altcoins. Solana’s native token SOL, the fifth-ranked crypto asset by market cap, is trading at $200.10 at time of writing, down nearly 7% on the day.

Pal also lists three other smart contract platforms, Avalanche (AVAX), Terra (LUNA) and Polkadot (DOT), among his favorite altcoins.

Advertisement

AVAX, the 11th-ranked crypto asset by market cap, is trading at $110.06 at time of writing, down nearly 9% on the day. In the same time period, LUNA is down 2.36%, trading at $41.81 at time of writing. DOT, the 9th-ranked crypto asset by market cap, is trading at $35.83 at time of writing, down 11.69% on the day.

Despite listing four smart contract platforms, Pal agrees with a theory laid out by Chris Dixon, a general partner at Andreessen Horowitz, stating that “ETH killers” are a myth.

Dixon believes demand for blockchains will outpace supply.

Advertisement

Pal also thinks the Ethereum/Bitcoin (ETH/BTC) chart is currently the “most important chart” in the crypto markets.

“The ETH/BTC chart is in my opinion the most important chart in digital asset markets right now. A break higher will lead to more risk-seeking into year-end. BTC will go higher too.”

Advertisement
Image
Source: Raoul Pal/Twitter

Ethereum is trading at $4,125.15, or about 0.076 BTC, at time of writing.

News Source