Renowned economist and CEO of Real Vision, Raoul Pal discusses the latest developments in the cryptocurrency market. The economist says layer-2 analytics Polygon (MATIC) and a pair of Ethereum rival altcoin projects are on the verge of valuable developments.
The macro guru trusts this altcoin project against all odds!
Raoul Pal shared a new image in which he interpreted the market in the light of the latest developments. The renowned economist says Solana (SOL), Polygon (MATIC), and Avalanche (AVAX) are driving crypto adoption by creating their own niches in the segment. Solana has been going through a lot of trouble lately after the collapse of FTX. However, the altcoin is making deals with Big Tech companies. In addition, he is opening his own retail store. According to Pal, these developments give him an advantage despite a strong year in terms of SOL price. In this context, the economist makes the following assessment:
I’m really interested in Solana. Because I think the team is incredible at what they’ve done. What they’re doing is building a consumer chain. Now, there are many opponents of this bet. Because it has dropped 95%. Also, he’s stuck with this whole FTX thing. However, I think it’s clean now. Because they all had to sell. You now have this Blockchain with personal adoption that makes all kinds of deals on Meta, Google, and more.
“They are unlocking something big!”
Raoul Pal reminds that Solana also made a reconciliation with Discord. Also, waiting for more to come. “I think they understood where their place is,” said Pal, continuing his explanations as follows:
Having a store selling Solana artifacts in Manhattan is phenomenal. Besides, cell phone, who knows where it goes? But I think they unlock something big.
Raoul Pal then puts both Polygon and Avalanche in the same category with Solana. He also says they are on the verge of changing the digital asset landscape by focusing on real-world asset tokenization. Pal expresses these views in the following form:
I think Polygon employees unlock something big too. Another super fast Blockchain. Really different and a big competitor of Solana, Avalanche’s John Wu focuses on other things like real world beings. ‘How do we tokenize property?’ looking for an answer. There is another trend that is coming. It’s like it’s coming all the time. However, it naturally takes time. There are many agents to be eliminated and many legal problems to overcome. However, these are all coming.