Ethereum

Solana

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/raoul-pal-invests-in-major-ethereum-competitor/" data-wpel-link="internal">Raoul Pal Invests in Major Ethereum Competitor</a> 
<a href="https://coin-turk.com/analist-2015i-isaret-etti-ve-ekledi-bitcoinde-2025te-90-000-dolari-gorebiliriz-peki-bu-nasil-olacak" data-wpel-link="internal">Bitcoin</a> and other cryptocurrencies continue to make headlines with their significant drops recently. The market eagerly anticipates a new surge as these declines also breed new hopes. At this stage, the comments made are gaining importance. A recent comment came from former Goldman Sachs executive Raoul Pal. Pal shared the cryptocurrency he invested in with his followers. He also provided information about his other assets. 
<h2 style="text-align: justify" id="raoul-pal-invests-in-ethereum-competitor">Raoul Pal Invests in Ethereum Competitor</h2> 
Recently, Raoul Pal announced that he has heavily invested in a major <a href="https://en.coin-turk.com/ethereum-price-soars-as-whale-investor-makes-major-purchases/" data-wpel-link="internal">Ethereum</a> (<a href="https://en.coin-turk.com/us-inflation-data-released-crypto-market-remains-stable/" data-wpel-link="internal">ETH</a>) competitor. Speaking on the YouTube channel Bankless, Pal emphasized that about four-fifths of his crypto assets are in Layer-1 Blockchain Solana (<a href="https://en.coin-turk.com/analyst-predicts-solana-could-triple-to-750/" data-wpel-link="internal">SOL</a>), with the remainder spread among meme coins, digital collections, and a digital asset-focused investment tool. 
Pal stated that 80% of his investment is currently in SOL, adding: 
<blockquote> 
 “All of my ETH is now in NFTs; I particularly prefer high-end art NFTs. Afterwards, I transfer part of my portfolio to a hedge fund at Exponential Age Asset Management. Additionally, I have invested about 1% in various assets like dogwifhat, <a href="https://coin-turk.com/dogecoinin-kurucusundan-elon-muska-net-doge-mesaji" data-wpel-link="internal">Dogecoin</a>, and Bonk. However, this investment rate only amounts to 1%… To be clear, my exposure to memecoins and other assets covers only 1% of my portfolio. I have invested 80% in Solana.” 
</blockquote> 
<h2 style="text-align: justify" id="why-so-much-investment-in-solana">Why So Much Investment in Solana</h2> 
The former Goldman Sachs executive discussed the reason behind his significant investment in Solana, pointing to a specific chart. 
<blockquote> 
 “In 2022, the Solana/Ethereum chart was quite striking. This chart led me to invest in Solana around September 2020 and eventually switch entirely to Solana. I just invested in Solana earlier.” 
</blockquote> 
Currently ranked among the top 10 in the cryptocurrency world, Solana is trading at $139. This indicates an increase of over 1,240% from its 2022 closing price of approximately $9.89. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-341228 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/solana-coin-turk-com-1-1.png" alt="" width="1832" height="803"> 
During the same time frame, Ethereum, the leader of altcoins in the cryptocurrency world, climbed from its 2022 closing price of approximately $1,200 to its current price of $3,062. This represents an increase of about 155%. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/raoul-pal-invests-in-major-ethereum-competitor/" data-wpel-link="internal">Raoul Pal Invests in Major Ethereum Competitor</a></h5>

Raoul Pal Invests in Major Ethereum Competitor

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