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Raul Pal, a macro guru and former co-head of hedge fund sales of equities and equity derivatives at Goldman Sachs, said what types of altcoins could hit the market after the Ethereum (ETH) merger. We are previewing whether it can outperform the second largest crypto asset.
Pal To tell Ethereum’s move to a Proof of Stake (PoS) consensus mechanism is positive, but Ethereum Layer 1 competitors have a head start in terms of scalability and affordability, so they perform better. .
My hunch is that when we all wake up tomorrow, we will find that the changes to PoS have been very positive for ETH over time.
But then people will realize again that they still need cheaper and faster chains, and marginal money will flow there.
Because these Layer 1s are early in the network adoption curve, they generally perform better in bull markets. “
According to crypto data platform Chainalysis, some of the leading layer 1 blockchains are include Solana (SOL), Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), Cosmos (ATOM), Binance Chain (BNB).
Macro guru and investment strategist To tell The merger, which kicked off early Thursday, will spark a bullish cycle in decentralized finance (DeFi) and boost the growth of other financial instruments in the crypto space.
The establishment of Web3 benchmark yields over ETH, along with the rapid growth of structured products and derivatives, will sow the seeds of another huge boom in DeFi
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