Raoul Pal says Terra, Avalanche and these 3 altcoins will shine in 2022

Real Vision CEO Raoul Pal names five altcoins that will do well this year as he expects layer 1 altcoins and interoperable blockchains to shine.

In one interview With CoinMarketCap’s Jessica Walker, Raoul Pal said that Bitcoin (BTC) and Ethereum (ETH) will act as “fundamental investments,” each with their own reasons.

“I look at the evolution of networks in the crypto space through the lens of network effects. So, Ethereum is the largest and most powerful network in terms of the number of developers and the number of people investing in it. That makes it one of your staple investments. Bitcoin, the OG in space, is another foundational investment.”

Real Vision CEO said that Ethereum (ETH) competitors Terra (LUNA), Avalanche (AVAX), Solana (SOL) and Polygon (MATIC) as well as cross-chain network Quant (QNT) are also very popular remarkable.

“I’m looking at these Layer 1s, such as Terra, Avalanche and Solana. I think 2022 will be the year of interoperability so I’m thinking about adding polygon, quant and assets that can bring us big returns.”

Pal said he also expects 2022 to be a bullish year for DeFi, NFT and social tokens.

The former CEO of Goldman Sachs believes that cryptocurrencies will gain more acceptance from large investors such as banks and sovereign wealth funds, including those from Dubai, Abu Dhabi, Kuwait and Saudi Arabia.

“I think banks will buy cryptocurrencies, not on their balance sheets, but on their transaction books. I think we’re going to see more pension funds and more institutional investors, and I think this year could be hedge fund year.”

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