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CRYPTOCURRENCY: The four altcoins have a very similar adoption curve to Bitcoin and Ethereum

T.I Ukende
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CRYPTOCURRENCY: The four altcoins have a very similar adoption curve to Bitcoin and Ethereum

 Former Goldman Sachs executive and macro investor, Raoul Pal claims four altcoins have a very similar adoption curve to Bitcoin and Ethereum

In a recent interview with Anthony Pompliano via YouTube, Pal details four crypto assets with rapid network adoption that have similar patterns to Bitcoin and Ethereum.

The Real Vision’s CEO says the adoption rate of its smart contract platform Solana matches Ethereum almost perfectly.

“Solana is probably following the Ethereum track as well. Ethereum was a rocket ship at the time, that it took everyone by surprise, and guess what… It is an exact chart fit.

“Solana follows Ethereum, Ethereum follows Bitcoin…it’s like the magic is all in the adoption of this network,” he said.

In addition to the three platforms Pal nominates, he points out three others that are expected to gain wide network adoption and increase in value.

One of the other [three] that are in a phase of rapid development and adoption, where price increases are exponential, is obviously Terra, and probably Avalanche, Polkadot.

“This cycle will be a good one for all of them. However, they will all crash much later, just like Ethereum. After that, we can watch what happens.” he added.

Developers are building more and more projects on these platforms, according to Pal.

With Polkadot, any asset or data type can be transferred across multiple chains, not just tokens, thus making a wide range of blockchains interoperable.

LUNA, Terra’s native token, is used to maintain the price of its stablecoins. Luna holders can also submit governance proposals and vote on them, giving your token governance capabilities.

In the Avalanche platform, decentralized applications and custom blockchain networks are built on top of a layer one blockchain. With the aim of becoming the primary blockchain for smart contracts, it is one of Ethereum’s rivals.

“There’s a bizarre consistency to it. As you see all the people online, it seems like everyone is working on their own venture. But when you apply adoption effects and net balance everything together, do these things look similar? Yes, they are very similar. I find this astounding.” Pal noted.

In response to a question about the importance of blockchain decentralization from an investment perspective, the macro investor disclosed, “This is a risk curve. It is for this reason that bitcoin is at the bottom of the heap. The most decentralized asset is bitcoin, which serves as the foundation. bitcoin isn’t complicated.”

“However, as crypto assets move further out, they become less decentralized, thus becoming riskier. While they can’t play that kind of role, they can still play an important role nonetheless. Bitcoin does not have this risk factor, so they are harder to value,” Raoul Pal concluded

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