Raoul Pal names four popular Altcoins after Bitcoin and Ethereum and outlines the “most important” diagram in Crypto
Real Vision’s founder and CEO, Raoul Pal, informs his followers about his favorite altcoins outside of Ethereum (ETH).
Pal, a noisy Ethereum bull, tells his 795,200 Twitter followers that the ETH competitor and smart contract platform Solana (SOL) is one of his favorite altcoins. Solana’s native token SOL, the fifth crypto asset by market cap, is trading at $ 200.10 at the time of writing, down nearly 7% from the day.
Pal also leads three other smart contract platforms, Avalanche (AVAX), Terra (LUNA) and Polkadot (DOT), on his favorite altcoins.
AVAX, the 11th crypto asset by market cap, is trading at $ 110.06 at the time of writing, down nearly 9% on the day. Over the same period, LUNA is down 2.36%, trading at $ 41.81 at the time of writing. The 9th crypto asset by market cap, DOT is trading at $ 35.83 at the time of writing, down 11.69% from the day.
Despite the listing of four smart contract platforms, Pal agrees with a theory by Chris Dixon, a general partner at Andreessen Horowitz, that “ETH killers” are a myth.
Dixon anticipates that the demand for blockchains will exceed the supply.
Another great thread from @cdixon 100% agree. The cake will get bigger and the pieces may vary in size and will increase over time, but most will get 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” on the crypto markets.
“The ETH / BTC chart is currently the most important chart in the digital asset markets in my opinion. A break up will lead to more risk taking by the end of the year. BTC will also go higher. “
Source: Raoul Pal / Twitter
Ethereum is trading at $ 4,125.15, or around 0.076 BTC at the time of writing.
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