In a new interview, Raoul Pal, founder of Real Vision and Global Macro Investor, said that smart contract platform Solana is one of the top performing cryptocurrencies of this cycle, as he believes Ethereum (ETH) is following in the footsteps of the 2017 bull cycle. He says he’s ready to be one. Cryptocoin. com, we have compiled important parts of Raoul Pal’s interview for you.
Raoul Pal: Solana (SOL) is growing faster than Ethereum (ETH) in the 2017 bull cycle
Marco guru Raoul Pal identifies the key factors that could make Solana (SOL) the next big cryptocurrency in the crypto markets:
I was looking at him. I wasn’t sure what to do with it and then I started to think it was the Ethereum (ETH) of this cycle. Remember when ETH was the big new thing? I think it’s because the rate of acceptance by all the people involved is ridiculous. I mean Solana (SOL) is growing faster than Ethereum (ETH) did in that cycle
“What everyone expects from Cardano (ADA), Solano is actually doing it right now”
Marco guru Raoul Pal continues his assessment of Solana, which he follows:
The number of apps, the ecosystem, it’s like someone sent me a chart of the ecosystem. There are currently 300 people working with Solana (SOL). It’s like, ‘Okay, this is real, and it’s happening at a speed that none of us can imagine.
Raoul Pal adds that he sees Solana outperforming Cardano (ADA) in becoming one of the top cryptocurrencies:
It seems that what everyone wants to happen to Cardano (ADA) is actually happening to Solano (SOL) right now. That doesn’t mean Cardano won’t change over time, but Solana (SOL) seems to have won that cycle. The standout cryptocurrency is becoming one of the main currencies.
At the time of writing, Solana (SOL) was trading at $137.88, down 1.34% in the last 24 hours. The coin rose to an all-time high (ATH) of $214.96 this month, and then saw sharp drops as the crypto market jolted. Solana, which ranks 7th in the Coinmarketcap ranking, has a market value of approximately 40.7 billion dollars.