Former Goldman Sachs Executive Says Two Altcoin Ecosystems Competing for ‘Layer-One Race’

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Ex-Goldman Sachs govt Raoul Pal says two crypto ecosystems are within the race to be the subsequent huge layer-ones within the present digital asset market cycle.

In a brand new interview on Bankless, Pal says he’s been searching for what’s going to be the “Solana (SOL)” of the subsequent bull market, or which crypto asset goes to see the identical parabolic run-up and adoption wave that Solana has been seeing within the final a number of years.

Pal says he’s two predominant ecosystems: Blockchains utilizing the Transfer programming language, and ones utilizing Cosmos (ATOM).

Because the Actual Imaginative and prescient CEO notes, essentially the most well-known altcoins utilizing the Transfer language are Sui (SUI) and Aptos (APT), whereas one of many greatest up-and-coming cash utilizing the Cosmos SDK is Celestia (TIA).

Says Pal,

“Listening to folks like Chris Burniske, Meltem Demirors, seeing what I’ve seen with stuff just like the Sui Basis, I’m going with the thesis that there are two ecosystems which can be most likely going to be within the race right here. The layer-one race, the large adoption. Layer-2s are a distinct dialog.

I feel it’s the Transfer protocol, that’s the Sui and Aptos. Might the perfect man win type of sport there, as a result of it’s totally different, and has lots of totally different use circumstances. After which there’s Cosmos: Celestia and others.

These really feel like that’s the sport to be performed. Perhaps Avalanche. It acquired it final cycle, however it doesn’t really feel prefer it’s getting full-scale adoption, it’s type of in that decrease tier…”

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