rewrite this content using a minimum of 1000 words and keep HTML tags
Macro guru and Real Vision CEO Raoul Pal is saying that Solana (SOL) is likely to outperform Ethereum (ETH) this cycle but that one altcoin could potentially do even better.
According to Pal, one top-20 altcoin by market cap and a relatively new entrant in the layer-1 sector is likely to outperform not just Solana and Ethereum but also Bitcoin (BTC).
“My view is that ETH begins to outpace BTC for the rest of the cycle but underperforms SOL and SOL underperforms SUI as SUI is in the ultimate performance stage of adoption – early > proven.”
Sui (SUI) is trading at $2.32 at time of writing, up by around 17% over the past week.
Bitcoin, Ethereum and Solana are trading at $76,304, $2,949 and $205, respectively – up by 9%, 16% and 21%, respectively, over the past week.
Pal says that Ethereum’s outperformance relative to Bitcoin will be driven partly by the fact that the crypto cycle has entered the risk-taking phase. The macro guru further says that the crypto industry is likely to enjoy a friendlier regulatory environment following the election of Donald Trump as the 47th US president.
“You see, now that regulation is likely to dramatically improve for crypto it allows two key potential developments:
1. Utility tokens in decentralized finance (DeFi) to begin to offer yield or reward of underlying protocol which creates network value. Most of this is on ETH.
2. Traditional finance (TradFi) will likely begin to build larger use cases but on the most tested, adopted chain. Think of ETH (and the Layer-2’s) as the Microsoft of web3. No one gets fired for using it.
Those two elements alone can dramatically re-rate ETH and offset the current retail adoption on other chains and ETH yields will attract more institutions. Yields allow other financial products to be built such as guaranteed funds. With better regulations, this activity will explode.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
