Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Legendary Trader Raoul Pal Makes Rare Ethereum vs. Solana Comparison

Published Dec 02, 2023 06:29AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters Legendary Trader Raoul Pal Makes Rare Ethereum vs. Solana Comparison
 
ETH/USD
+3.61%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SOL/USD
+4.66%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AAPL
-0.60%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

U.Today - Legendary crypto trader and investor Raoul Pal has waded into the supremacy debate between the two prominent proof-of-stake (PoS) Layer-1 networks Ethereum (ETH) and Solana (SOL). to Pal, the use of Solana comes with a whole different feel that makes it a top contender as a relatively more user-friendly option.

He said once someone starts using Solana, it "feels super fast, slick, inviting and easy for the user." The accolade on Solana underscores the general perception most industry leaders have of the top coin, especially as it has been able to in its price action post-FTX implosion.

Raoul Pal is known for his commentary in the industry with a basis rooted deep in on-chain analytics; however, choosing to comment on the combat between Ethereum and Solana on pure fundamentals is considered a rare move.

In his analysis, Pal compares Ethereum to the Apple (NASDAQ:AAPL) of the blockchain world while he considers Ethereum to be the Android. The connotations are clear as Solana wins the fight for performance based on its speed, while Ethereum's massive hoard of hosted decentralized applications (dApps) makes its Android comparison a well-suited description.

Solana and Ethereum have thriving ecosystems

Almost everything Ethereum can do, Solana can do as well. It appears that Raoul Pal has broad use of some of Solana's applications, as he attested to the ingenious designs of Phantom Wallet, the most popular unhosted Solana wallet. This he confirmed when an X user asked to know what his feedback is for Phantom Wallet and in his response, he said:

Solana has impressed its holders in a remarkable way, with Raoul Pal he has been bullish all year. The coin earlier this month as it wiggles away from the impacts of the continuous sell-off from FTX, the bankrupt exchange that sought ways to free up funds to pay its investors and creditors.

This article was originally published on U.Today

Legendary Trader Raoul Pal Makes Rare Ethereum vs. Solana Comparison
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email