Crypto Traders May Sleep On Top Altcoin For Next Bull Cycle, Says Macro Guru Raoul Pal

Real Vision chief executive Raoul Pal said an “interesting” crypto project could be a good bet for the next crypto bull market.

In a new interview on investment YouTube channel FamilyOffice, the former Goldman Sachs executive said he was eyeing the altcoin Internet Computer (ICP) radar.

“Everyone hates it because VC [venture capitalists] arrived very early. It was suddenly worth a huge amount of money. The coin sank 95%, but I think it’s interesting.

I think it’s potentially something for the next cycle because there are a lot of smart people working on it. There is a lot of development going on. There isn’t a huge network effect on token distribution yet, so it’s not yet provable. “

Internet Computer is a cryptography project developed by the Swiss-based nonprofit scientific research organization Dfinity. The blockchain project aims to replicate the speed, power and scale of the internet without relying on centralized systems such as firewalls, cloud computing infrastructure and databases. Internet Computer also allows developers to build websites, corporate computer systems, and Internet services by installing their code directly on the public Internet.

ICP, the utility token for the project, is trading at $ 27.93 at the time of writing and has risen more than 3% in the past 24 hours.

Pal has previously said that the Internet Computer “is clearly the most ambitious of all projects in space.”


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Featured Image: Shutterstock / sergeymansurov / Fotomay

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