Real Vision CEO Raoul Pal says Polygon (MATIC) and a pair of Ethereum (ETH) challengers are about to “unlock something big.”
In a new video update, the macro guru says Solana (SOL), Polygon, and Avalanche (AVAX) are driving crypto adoption by carving out their own niches within the industry.
According to Pal, SOL struck deals with Big Tech companies and launched its own retail store, giving it an edge despite a tough year for its price.
“I’m really interested in Solana because I think the team is exceptional at what they do. What they do is build a consumer chain.
Now there’s a lot of naysayers on this, 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 with the adoption of retail deals with Meta, Google and all sorts of others.
They also just made a deal with Discord and I expect them to do more. I think they’ve really figured out where their place is, having a store in Manhattan selling Solana products 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 they are also set to change the landscape of digital assets by focusing on the tokenization of real-world assets.
“I think the Polygon guys are [unlocking something big] too… and John [Wu] from Avalanche, another super fast, really interesting channel, and a big competitor to Solana, he’s focused on other things like real-world assets, he’s looking at “how can we tokenize ownership?”
This is another trend that’s coming, and it always feels like it’s coming, but it takes time. There are a lot of middlemen to rule out and a lot of legalities to settle, but it’s all coming.
Avalanche is changing hands for $11.87 at the time of writing, while MATIC is moving for $0.802 and SOL is trading for $12.32.
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Feature image: Shutterstock/Tithi Luadthong