Real Vision CEO Raoul Pal says Polygon (MATIC) and a pair of Ethereum (ETH) challengers are on the verge of “unlocking something big.”
In a new video update, the macro guru says that Solana (SOL), Polygon and Avalanche (AVAX) are driving crypto adoption by carving out their own niches in the industry.
According to Pal, SOL has struck deals with Big Tech companies and launched its own store, giving it an edge despite a tough year for the award.
“I am very interested in Solana because I think the team is exceptional in what they do. What they do is build a consumer chain.
Now a lot of people don’t talk about it, it’s down 95%, it got caught up in the whole FTX thing, but I think it’s clean now because they all had to sell, so now you have this chain of retail. agreements with Meta, Google and all sorts of others.
They just made a deal with Discord as well and I expect more to come from them. I think they’ve really figured out where their place is, having a store in Manhattan that sells Solana merchandise is great, and the cell phone, who knows where it’s going? But I think they unlock something big.”
Pal then says that he would include both Polygon and Avalanche in the same category as Solana, saying that they too are on the verge of changing the digital asset landscape by focusing on real-world asset tokenization.
“I think the Polygon guys are [unlocking something big] too … and John [Wu] from Avalanche, another super fast chain, very interesting, and a big competitor to Solana, he’s been focusing on other things like real assets, he’s looking at “how do we tokenize real estate?”
It’s another trend that’s coming, and it always feels like it’s coming, but it takes time. There are a lot of middlemen to get out of the way and a lot of promises to get through, but it’s all coming.”
Avalanche is changing hands at $11.87 at the time of writing, while MATIC is moving at $0.802 and SOL is trading at $12.32.
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