{"id":283787,"date":"2024-04-16T02:49:16","date_gmt":"2024-04-15T21:19:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=283787"},"modified":"2024-04-16T02:49:16","modified_gmt":"2024-04-15T21:19:16","slug":"former-goldman-sachs-executive-says-two-altcoin-ecosystems-competing-for-layer-one-race-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/former-goldman-sachs-executive-says-two-altcoin-ecosystems-competing-for-layer-one-race-crypto-news\/","title":{"rendered":"Former Goldman Sachs Executive Says Two Altcoin Ecosystems Competing for \u2018Layer-One Race\u2019 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ex-Goldman Sachs executive Raoul Pal says two crypto ecosystems are in the race to be the next big layer-ones in the current digital asset market cycle.<\/p>\n<p>In a new interview on Bankless, Pal says he\u2019s been looking for what\u2019s going to be the \u201cSolana (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/solana\/\">SOL<\/a>)\u201d of the next bull market, or which crypto asset is going to see the same parabolic run-up and adoption wave that Solana has been seeing in the last several years.<\/p>\n<p>Pal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BanklessHQ\/status\/1779864860165095918\">says<\/a> he\u2019s looking at two main ecosystems: Blockchains using the Move programming language, and ones using Cosmos (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/cosmos\/\">ATOM<\/a>).<\/p>\n<p>As the Real Vision CEO notes, the most well-known altcoins using the Move language are Sui (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/sui\/\">SUI<\/a>) and Aptos (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/aptos\/\">APT<\/a>), while one of the biggest up-and-coming coins using the Cosmos SDK is Celestia (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/celestia\/\">TIA<\/a>).<\/p>\n<p>Says Pal,<\/p>\n<p><em>\u201cListening to people like Chris Burniske, Meltem Demirors, seeing what I\u2019ve seen with stuff like the Sui Foundation, I go with the thesis that there are two ecosystems that are probably going to be in the race here. The layer-one race, the big adoption. Layer-2s are a different conversation.\u00a0<\/em><\/p>\n<p><em>I think it\u2019s the Move protocol, that\u2019s the Sui and Aptos. May the best man win kind of game there, because it\u2019s different, and has a lot of different use cases. And then there\u2019s Cosmos: Celestia and others.\u00a0<\/em><\/p>\n<p><em>Those feel like that\u2019s the game to be played. Maybe Avalanche. It got it last cycle, but it doesn\u2019t feel like it\u2019s getting full-scale adoption, it\u2019s kind of in that lower tier\u2026\u201d<\/em><\/p>\n<p class=\"p1\"><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Featured Image: Shutterstock\/jm13129\/Sensvector<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Goldman Sachs executive Raoul Pal says two crypto ecosystems are in the race to be the next big layer-ones in the current digital asset market cycle. In a new interview on Bankless, Pal says he\u2019s been looking for what\u2019s going to be the \u201cSolana (SOL)\u201d of the next bull market, or which crypto asset is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":41045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-283787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=283787"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283787\/revisions"}],"predecessor-version":[{"id":283789,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/283787\/revisions\/283789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/41045"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=283787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=283787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=283787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}