Real Vision CEO Raoul Pal said that Ethereum may be ready to experience a massive rally and two altcoins popular with investors may be ready to compete with ETH.
In a new interview with Altcoin Daily, the macro guru said that a number of influential people he sees as key investors in the decentralized finance (DeFi) payment network Terra (Luna) and interoperable blockchain Polkadot (DOT) He says he’s optimistic.
“You will notice that there are many investors at Terra who are very optimistic, including Remi (Tetot), one of the co-founders of Real Vision and currently working for Global Macro Investor. a major investor in this field. [Remi] and many other investors love Terra.
Many people who I consider to be very important investors in the space are still quite optimistic about Polkadot, as they have been for a long time, and they have been for a long time. [Polkadot] he never did what everyone expected him to do… but you have to keep an open mind about these things. Before you know it, something else pops up, finds a different use case, it’s pretty hard to trade that kind of thing…”
Pal also shared his 2022 forecast for Ethereum (ETH), the second largest cryptocurrency. According to the famous investor, the leading smart contract platform is still the best trading in the world.
“I still believe we have a strong run ahead of us. The horizontal straightening we’ve experienced over the course of a year has resulted in greater adoption, use cases, etc. I believe it is only a starting point for more gains as they unfold…
I continue to believe that ETH will perform extremely well over time. The reason why it is so expensive to use is because it is so popular. As it is the most decentralized of all other tier-1s, it means a prestige for things to be built on the platform. So, especially with the arrival of the change for ETH 2.0, this [pahalılık] makes sense to me.
I believe this narrative will also evolve and change over time, so I continue to believe that the bullish potential in ETH will be huge. Where can it go in terms of market value? If we just look at it in terms of market value, it could go 10 times higher than where we are now. However, it is unclear how long this will take.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.