It has been just revealed the fact that the crypto industry is definitely set to outperform the tech one especially since we have a bunch of vital catalysts kicking in. Check out the latest reports about the matter below.

Crypto vs the tech industry

Raoul Pal, a former executive at Goldman Sachs, believes that digital assets are poised to surpass tech stocks in importance as a key catalyst emerges.

The CEO of Real Vision shared with his one million followers on the social media platform X that dollar liquidity is the ultimate driver of risk assets such as stocks and cryptocurrencies.

He presented a chart that demonstrates how the Nasdaq index has been closely following liquidity for over a decade and is still in a strong, upward trend.

“And liquidity is what drives assets…

Our job is to back the fastest horses (the secular trending assets).

Tech (The Exponential Age):”

Crypto is no different than the Nasdaq, according to another chart shared by Pal.

“And Crypto (The Super Massive Black Hole):”

According to the macro guru, when global liquidity starts to pick up, crypto tends to perform better than tech. He also believes that altcoins have a bright future, but warns that investing in smaller altcoin projects can be risky and challenging.

In a recent newsletter, the macro investor highlighted that Solana (SOL), a rival of Ethereum (ETH), has entered an uptrend after breaking out of a classic bullish pattern.

SOL has gained over 475% year-to-date, making it one of the core trades at GMI (Global Macro Investor) this year.

Solana price prediction

Altcoin Sherpa, a well-known crypto analyst, has made a bold prediction about Solana (SOL), an Ethereum (ETH) competitor.

According to the pseudonymous trader, SOL may soar to three figures in 2024.

He shared this prediction with his 198,500 followers on the social media platform X, mentioning that SOL is likely to increase by at least 72% from its current value next year.

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