Real Vision CEO Raoul Pal, Ethereum He stated that the technical and fundamental features of its chart hint that it could substantially outperform Bitcoin in the coming cycle.
In a new interview with the crypto YouTube channel Altcoin Daily, he shared his views. Raoul PalHe stated that he is closely following the ETH/BTC parity.
According to the macro guru, the ETH/BTC pair is entering a wedge and a breakout will knock ETH bitcoinIt could trigger a rally that will leave behind .
Ethereum has a chart against Bitcoin. This is an awesome wedge.
NEWS CONTINUES BELOWIf that happens, we should see ETH do 1x, 2x, 3x, 4x or 5x (against Bitcoin) the next time around. And ETH probably won’t be the best performing crypto either.
According to Pal, the ETH/BTC pair needs resistance near 0.077 BTC ($2.115) to confirm a breakout. At the time of this writing, ETH/BTC is trading at 0.0639 BTC ($1,755).
Koinfinans.com As we report, when it comes to the fundamentals of Ethereum, the Real Vision executive believes that the leading smart contract platform’s total addressable market is much larger than that of Bitcoin.
Ethereum is a broader-based architectural protocol on which we can build more. Bitcoin can’t do that. It has a different use. So it’s unlikely to be that big.
Is the internet more valuable than gold? Yes, it’s that simple and that’s basically the argument here.
You can follow the current price action here.