Raoul Pal: 90% of the cryptocurrency portfolio is invested in SOL

Bitget App

Trade smarter

Bitget2024/07/01 05:04

Renowned macro investor and CEO of Real Vision and Global Macro Investor, Raoul Pal, announced on his YouTube channel that 90% of the cryptocurrencies he personally holds are invested in Solana (SOL). Pal explained that despite SOL's significant price fluctuations, it has demonstrated remarkable resilience. He pointed out that Solana's ability to issue low-cost NFTs and its fast transaction speed are key factors in establishing it as a leading Blockchain technology. Pal also emphasized the importance of investing during active market periods. He mentioned that the SOL/USD daily chart on Coinbase shows an ascending wedge pattern. With recent volatility decreasing, Solana may see a rise similar to past performances of Bitcoin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

Data: BTC options expiration of 143,000 contracts with a max pain point at $98,000; ETH options expiration of 572,000 contracts with a max pain point at $3,400.

Qian Fenglei, Chairman of Hengfeng International Group, donates HK$12 million to urgently support the fire rescue at Hong Fook Court in Tai Po.