Raoul Pal Details Four Favorite Altcoins After Bitcoin And Ethereum, Describes ‘Most Important’ Crypto Chart

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Real Vision Founder and CEO Raoul Pal updates his followers on his favorite altcoins outside of Ethereum (ETH).

Pal, an Ethereum voice bull, tells his 795,200 Twitter followers that ETH competitor and smart contract platform Solana (SOL) is one of his favorite altcoins. Solana’s native SOL token, the fifth crypto asset by market cap, is trading at $ 200.10 at the time of writing, down nearly 7% on the day.

Pal also lists three other smart contract platforms, Avalanche (AVAX), Terra (LUNA), and Polkadot (DOT), among his favorite altcoins.

AVAX, the 11th-ranked crypto asset by market cap, is trading at $ 110.06 at the time of writing, down nearly 9% on the day. Over the same time frame, LUNA is down 2.36%, trading at $ 41.81 at the time of writing. DOT, the 9th-ranked crypto asset by market cap, is trading at $ 35.83 at the time of writing, down 11.69% on the day.

Despite the list of four smart contract platforms, Pal agrees with a theory spelled out by Chris Dixon, general partner at Andreessen Horowitz, saying that the “ETH killers” are a myth.

Dixon believes the demand for blockchains will exceed the supply.

Another great thread from @cdixon 100% agree. The pie gets bigger and the slices can vary in size and increase in number over time, but most get bigger too. https://t.co/xRMau2aLbD

– Raoul Pal (@RaoulGMI) November 21, 2021

Pal also believes that the Ethereum / Bitcoin (ETH / BTC) chart is currently the “most important chart” in the crypto markets.

“The ETH / BTC chart is in my opinion the most important chart in the digital asset markets right now. A breakout to the upside will lead to greater risk-seeking at the end of the year. BTC will go higher too.

Source: Raoul Pal / Twitter

Ethereum is trading at $ 4,125.15, or around 0.076 BTC, at the time of writing.

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Featured Image: Shutterstock / Child of the 80s / Vladimir Sazonov

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