During an interview on Anthony Pompliano’s YouTube channel, Pal calls out four crypto assets with fast network adoptions mirroring BTC and ETH.
Notably, Pal, The Real Vision CEO highlights how smart contract platform Solana’s (SOL) adoption rate is almost following Ethereum.
“Ethereum is exactly following, and I mean exactly following Bitcoin in 2017…”
“in both price and price structure. Bitcoin is following Bitcoin 2013, which is fascinating,..”
“in price structure but not price itself. I bet you Solana is following Ethereum in 2017…”
“If anybody was in the market at that time, Ethereum was the rocket ship that…”
“Took everybody by surprise, and guess what… it’s [an] exact chart fit…”
“And the prices are the same. Solana is exactly following Ethereum, Ethereum is exactly…”
“following Bitcoin… it’s like the magic is all in this network adoption.”
Pal Names Three Other Smart Contract Platforms
“The other [three] that are in that fast-growth, fast-adoption phase where…”
“you see exponential price rises more than anything else are obviously Terra,..” Pal notes,
“probably Avalanche, and probably Polkadot. And I think they will all do well in this cycle…”
“And like Ethereum, they’ll all go down a lot later. And then from that, we’ll see how it builds out.”
Currently, Terra (LUNA), Avalanche (AVAX), and Polkadot (DOT) are sitting at around $37.27, $54.40, and $33.69 respectively.
More so, Pal highlights how he likes the platforms, saying its due to the number of projects developers building on them.
“It’s bizarrely consistent. I never thought this would be the case,…”
“because you see all the people online, it’s like, ‘My project, my project.’…” Pal continues,
“But when you net balance it all out and just apply adoption effects and [ask]…”
“do these things look similar? They’re almost identical. Which is amazing.”
Lastly, This is what Pal has to say when ask of his opinion on the importance of blockchain decentralization.
“It’s risk curve. That’s why Bitcoin sits at the bottom of the risk pile…”
“[Bitcoin is] the foundation asset because it is the most decentralized…” Pal adds,
“It’s not rocket science. But once you go further out, [crypto assets] become less…”
“decentralized, so they’re riskier assets. [It] doesn’t mean they don’t play a role,…”
“[but] they can’t play the role necessarily of being that kind of reserve asset…” Pal concludes
“They do have a risk element that’s harder to price, which Bitcoin doesn’t have.”