The cryptocurrency market continues to lose blood due to the impact of macroeconomic developments. Hong Kong’s launch of spot Bitcoin and Ethereum ETFs did not help either. However, some experts looking further ahead see these days as an opportunity. Former Goldman Sachs executive and Macro Guru Raoul Pal shared his views on altcoins. Pal believes two crypto asset subsectors could go parabolic as the market enters the crypto summer. Pal also says a rival will outperform leading altcoin Ethereum.
Macro Guru: These altcoins could go parabolic in crypto summer!
cryptokoin.comAs you follow from , the crypto market continues to lose ground in the new week. With Bitcoin reaching the 60 thousand dollar mark, the market surrendered to the wave of sales. However, this is not the first time the market encounters such situations. Since he has survived similar situations many times, many experts speak hopeful for the future.
One of them is Raoul Pal, whom we know as Macro Guru. Pal told his one million followers on social media platform “Crypto tails” generally means increasing prices and higher trading volume. In this context, Raoul Pal said the following about these altcoins:
But Crypto Summer and Fall will be confusing. Because everything will have a narrative and he will be excited. This is when the price of meme coins gets really stupid, unproven narratives like AI and RWA go for stupid valuations.
“SOL will outperform ETH, ETH will outperform BTC!”
Additionally, Raoul Pal predicts that Ethereum (ETH) will outperform Bitcoin (BTC) during this period. Moreover, he predicts that Solana (SOL) will outperform both Bitcoin and ETH. In this regard, Pal makes the following statement:
Crypto summer usually marks the start of the fall’s full ‘bubble-tastic’ altcoin season. This is when ETH bottomed out and started outperforming BTC. This is when SOL started to outperform BTC and ETH.
The road to ATH will not be smooth, you need to be careful!
Macro Guru takes a rosy view of the crypto markets. However, he warns that digital assets will not move in a straight line towards all-time highs. “We will also see two or more bad corrections due to overleverage,” Pal said. The banana region is coming.” says.
cryptokoin.com As we reported, Pal previously said that cryptocurrency is approaching banana territory. In other words, he suggested that Bitcoin and altcoins have entered a period of witnessing parabolic rallies as they move higher.
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