Categories: Uncategorized

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

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

SN_Nour

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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.

Recent Posts

Gate.io Shatters Records in Total Trading Volume in Q3 2024, with Its User Base Surpassing 17 Million

In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth…

21 mins ago

MEXC Champions the Future of Crypto Content Creation at CCCC

MEXC is proud to partner with the inaugural Crypto Content Creator Campus CCCC event, taking…

21 mins ago

Dtec Announces Global Partnership with DİZAYNVIP to Elevate AI-Driven Mobility Design  

Dtec and DİZAYNVIP partner to merge AI technology with luxury vehicle design, revolutionizing smart mobility…

1 hour ago

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

5 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

8 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

10 hours ago

This website uses cookies.