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Billionaire Raoul Pal names his four favorite altcoins after Bitcoin and Ethereum and outlines the “most important” diagram in Crypto

Raoul Pal, CEO of Real Vision, informs his followers about his favorite altcoins beyond Ethereum (ETH).

Pal, a popular Ethereum bull, told his 795,200 Twitter followers that ETH competitor Solana (SOL) is one of his favorite altcoins. Solana’s native token SOL, the cryptocurrency ranked fifth by market cap, is trading at $ 198.09 at press time, up nearly 6% from the day.

Daily SOL / USDT chart | Source: TradingView

Pal has also added three other smart contract platforms, Avalanche (AVAX), Terra (LUNA), and Polkadot (DOT), to its list of the most popular altcoins.

AVAX, the 11th cryptocurrency by market capitalization, is trading at $ 108.60 at press time, up nearly 4% from the day.

AVAX / USDT daily chart | Source: TradingView

Over the same period, LUNA is up 12.36%, trading at $ 43.62 at press time.

Daily LUNA / USDT chart | Source: TradingView

DOT, the 9th cryptocurrency by market cap, is trading at $ 35.59 at press time, down 11.69% from the day.

DOT / USDT daily chart | Source: TradingView

Despite the listing of four smart contract platforms, Pal agrees with a theory by Chris Dixon, a general partner of Andreessen Horowitz, that the “ETH killer” is all a fantasy.

Dixon believes that demand for blockchain will exceed supply.

Pal also suggested that the ETH / BTC chart is the “most important chart” in the crypto market right now.

“In my opinion, the ETH / BTC chart is currently the most important chart in the crypto market. A breakout beyond this consolidation will result in a much higher price tag. BTC will also go higher. ”

ETH / BTC daily chart | The source: Raoul Pal / Twitter

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.