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These Controversial Altcoins Could Skyrocket, According to Raoul Pal

23.08.2024 17:30 1 min. read Alexander Stefanov
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These Controversial Altcoins Could Skyrocket, According to Raoul Pal

Former Goldman Sachs executive Raoul Pal believes that a specific group of altcoins could outperform other cryptocurrencies in the coming months, despite their controversial nature.

Pal notes that the crypto community tends to dislike tokens with high valuations and low initial circulating supplies, known as low float/high fully diluted valuation (FDV) tokens.

According to Pal, these tokens often experience significant drops, typically around 70%, after their initial release, as future token unlocks are priced in. However, he suggests that once the supply is predictable, demand becomes the key factor in driving prices.

Pal explains that if a token begins to show real demand—whether through network activity or speculative interest—its price could rise, particularly during bullish phases in the crypto market.

He believes that these low-float tokens are often under-owned due to their poor reputations, making them more likely to see significant price increases if demand grows.

While Pal cautions against holding these tokens for too long, he suggests that the low supply could work in favor of investors during a bull market. He concludes that, based on his experience in traditional finance, this scenario is a likely outcome.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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