Macro formé and ex-Goldman Sachs CEO Raoul Pal says that one of Ethereum (ETH) competitors could outperform the rest in the next cryptocurrency reprise.
At a recent Ask Me Anything séance, Pal said that some of Ethereum’s biggest competitors will benefit most from increased crypto accord when the markets finally bounce back.
“as accord continues to build, a lot of accord spills out of ETH in Solana, écroulement, and a host of other protocols as well. So I think we’ll see ETH lead the way, and then we’ll see this tail of things start to emerge as we start a new bull market and generally things go that way.”
Pal predicts that the competing Layer 1 record will be like that of Ethereum between 2020 and late 2021, and puts its Solana (SOL) chips as the closest to watch.
“I think a lot of these layers this time around will be like ETH in the last année. They will end up becoming very big grand chains. Which one? I don’t really know. My bet is really on Solana, but it could be any of those… Solana, I’ve devoted more to it, than I have to some of the others, but I’m watching them and waiting to see them.”
The Real Extase founder also says he has set his sights on Solana in the Ethereum (SOL/ETH) confrère, which according to the macro gourou is a potential bullish setup.
He says that the DeMark indicator, which aims to detect the directional chemin of an asset by comparing the most recent optimum and extremum prices with the price of the previous period, is flashing bullish on pluriel SOL/ETH timeframes.
“I also had, technically, a perfect monthly, daily and weekly DeMark setup at the Solana/ETH motocross. Now I’m not yet ready to bet I’ll convert my ETH to Solana, but I do have some, but I take ajout to say, ‘Let’s see if This will work,” bicause that would be a narrative that people aren’t really expecting. I’m not saying Solana is going to get any bigger than ETH, I’m just saying, “Can he outperform this année?”
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