Real Vision CEO and macro guru Raoul Pal expects top Ethereum (ETH) competitors to see a huge spike in this cycle.
Former Goldman Sachs executive Raoul Pal said in a new interview with InvestAnswers that although 82% of his portfolio is in Ethereum, smart contract platforms Left (LEFT) and stated that he thinks Terra (LUNA) will outperform ETH in this cycle.
“Then why didn’t I invest all my money in them, you’ll be asking? Because my view is not ‘very clear’, this is because ‘network effects’ are less obvious. therefore I need to ‘bet’ with lower risks.
But I don’t think ETH’s rise will stop. In the next 10 years the entire field will increase 100 times, so you can support many different “horses” and still make money.”
Pal predicts that the crypto markets will see a massive price increase towards the end of the year, and then traders will be confused.
“Probably at the beginning of next January or the end of December, we will start to see some selling pressure because people are expecting something and I think those expectations will be totally wrong because nothing but a ‘money wall’ comes in in January/February/March.”
Ethereum (ETH)It is trading at $4,745, up more than 6% on the day.
Pal predicts that ETH will more than double in value in the coming weeks and has increased its 2021 forecast from $10,000 to $15,000. He also states that the second-largest crypto-asset by market cap could skyrocket to as high as $40,000 by summer, with its “baseline” ETH reaching $20,000 by March at the latest.
Ethereum rival Solana (SOL) is trading at $210.59, up more than 3% in strength. Terra (Luna) and traded at $57.62, up more than 12%.
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.