Polygon, Avalanche and Additional Ethereum Rival Are ‘Unlocking Something Big,’ Says Macro Guru Raoul Pal

Must read

Cosmos co-founder says GovGen will show how governance can be used in blockchain development

Cosmos co-founder says GovGen will show how governance can be used in blockchain development Monika Ghosh · 4 hours ago ·...

Bitcoin network congestion eases as mempool clears in February

Bitcoin network congestion eases as mempool clears in February Andjela Radmilac · 7 hours ago · 2 min read ...

What is the role of spot Bitcoin ETFs in modern investment portfolios?

Aligned within a year of its three halving events, Bitcoin had three major bull runs in its 15-year history. After each one, in 2013,...

Why a trustless, multichain approach to web3 demands direct integration

Why a trustless, multichain approach to web3 demands direct integration Lomesh Dutta · 16 hours ago · 3 min read...

Real Vision CEO Raoul Pal says that Polygon (MATIC) and a pair of Ethereum (ETH) challengers are on the cusp of ‘unlocking something big.’

In a new video update, the macro guru says that Solana (SOL), Polygon and Avalanche (AVAX) are furthering crypto adoption by carving out their own niches within the industry.

According to Pal, SOL has been cutting deals with Big Tech companies and has launched its own retail store, giving it an edge despite a harsh year for its price.

“I’m really interested in Solana because I think the team is exceptional in what they’re doing. What they’re doing is building a consumer chain.

Now, there are a lot of naysayers about it, it’s down 95%, it got caught out in the whole FTX thing, but I think it’s clean now because they all had to sell so now you’ve got this chain with retail adoption doing deals with Meta, Google, and all sorts of others.

They’ve just done a deal with Discord as well and I expect more to come from them. I think they’ve really understood where their place is, having a store in Manhattan selling Solana merch is great and the mobile phone, who knows where that goes? But I think they’re unlocking something big.”

Pal then says that he’d include both Polygon and Avalanche in the same category as Solana, saying they too are on the verge of changing the digital asset landscape by focusing on real-world asset tokenization.

“I think the Polygon guys are [unlocking something big] too… and John [Wu] from Avalanche, another super fast chain, really interesting, and a big competitor to Solana, he’s focused on other things like real world assets, he’s looking at ‘how do we tokenize property?’

It’s another trend that’s coming, and it always feels like it’s coming, but it takes time. There’s a lot of middlemen to get out of the way and a lot of legalities to get through but that’s all coming.”

Avalanche is changing hands for $11.87 at time of writing, while MATIC is moving for $0.802 and SOL is trading for $12.32.

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

More articles

Latest article

Cosmos co-founder says GovGen will show how governance can be used in blockchain development

Cosmos co-founder says GovGen will show how governance can be used in blockchain development Monika Ghosh · 4 hours ago ·...

Bitcoin network congestion eases as mempool clears in February

Bitcoin network congestion eases as mempool clears in February Andjela Radmilac · 7 hours ago · 2 min read ...

What is the role of spot Bitcoin ETFs in modern investment portfolios?

Aligned within a year of its three halving events, Bitcoin had three major bull runs in its 15-year history. After each one, in 2013,...

Why a trustless, multichain approach to web3 demands direct integration

Why a trustless, multichain approach to web3 demands direct integration Lomesh Dutta · 16 hours ago · 3 min read...

US agencies pause Biden-sanctioned emergency miner survey following lawsuit

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connect via Access ProtocolAccess Protocol is a...