Author: Franyi Sarmiento, Inspenet, Date: November 5, 2021.
According to Raoul Pal, investor and former Goldman Sachs executive, there are 3 promising cryptocurrencies that he estimates will rise more than 1000% in the next few years.
While the two most successful cryptocurrencies in the current market, Bitcoin (BTC) and Ethereum (ETH) continue with historical increases, according to Pal, the cryptocurrencies that could follow in the footsteps of the two main tokens would be Solana (SOL), Terra (LUNA), Avalanche (AVAX) and Polkadot (DOT), conquering the market of a new digital and decentralized society.
The former Goldman Sachs executive explains that the more decentralized the protocol is, the more opportunities it will have to increase its adoption curve and therefore there will be greater chances of success.
“It’s a risk curve. This is why Bitcoin is at the bottom of the risk pile. Bitcoin is the fundamental asset because it is the most decentralized. It is not an exact science. But when they become less decentralized, they are riskier assets. That doesn’t mean they don’t play a role, but they can’t necessarily play the role of being that type of reserve asset. They have an element of risk that is more difficult to price, which Bitcoin does not have.”
Source: ambito.com
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