Get the scoop on finance - sign up for mobile alerts
Altcoins
| On
September 26, 2021

Solana Adoption Speed Is Ridiculous, Crypto Asset Is Likely the Ethereum of This Cycle: Macro Guru Raoul Pal

By Daily Hodl Staff

Marco guru Raoul Pal says smart contract platform Solana is poised to be one of the best performers this cycle as he believes it is following the footsteps of Ethereum’s 2017 bull cycle.

In a new interview on BitBoy Crypto, the founder of Real Vision and Global Macro Investor identifies key factors that could make SOL the next big thing in the crypto markets.  

ADVERTISEMENT

“I’ve been looking at it. [I] wasn’t sure what to do with, it and then I think it’s the ETH of this cycle. Remember ETH was the one that became the big new thing? I think it’s this because the pedigree of all the people involved in it, the speed of adoption is ridiculous. I mean it’s growing faster than ETH did at that cycle.

The number of applications, the ecosystem is, it’s like somebody just sent me a chart of the ecosystem, there’s like 300 people already working with Solana. It’s like, ‘Okay, this is real and this is happening at a speed none of us can get our heads around.'”

Pal adds that he sees Solana outperforming Cardano en route to becoming one of the top cryptocurrencies.

“It’s kind of like everybody wanted Cardano to happen is actually happening to Solano right now. It doesn’t mean Cardano doesn’t over time, but Solana looks like it’s going to win this cycle. It wasn’t the standout coin that becomes a major.”

ADVERTISEMENT

I

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&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 losses 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/Ana Aguirre Perez