• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Raul Pal claims that Ethereum will overtake Bitcoin in 2024

Raul Pal claims that Ethereum will overtake Bitcoin in 2024

user avatar

by Max Nevskyi

2 years ago

Former Goldman Sachs executive director, Raoul Pal, predicts that in 2024 Ethereum (ETH) will surpass Bitcoin (BTC).

The current CEO of Real Vision believes that in the coming year, Ethereum in tandem with Bitcoin (ETH/BTC) could replicate the price pattern of the 2021 bull market.

For all the ETH bears, in February 2021, BTC first reached $44,000 (where it stands today), while ETH was at $1,400 (now $2,250). Nine months later, ETH grew by 245%, BTC by 45%. I believe that ETH's superiority over BTC will become a key macroeconomic trend in 2024, and our work at EXPAAM (Exponential Age Asset Management) takes this into account.

On the evening of December 23rd, ETH/BTC was trading at a price of 0.05288 BTC ($2,314)

On the evening of December 23rd, ETH/BTC was trading at a price of 0.05288 BTC ($2,314).

The analyst also speculates that there will be more favorable macroeconomic conditions for risky assets, including Ethereum in the near future, which could lead to rapid growth, as was the case two years ago.

This analyst is confident that in the coming year, Ethereum's competitor, Solana (SOL), will not be able to catch up with Ethereum.

On the evening of December 23rd, the SOL/ETH pair was trading at a price of 0.0419 ETH ($97.01). Since the beginning of the current year, the price of SOL has risen from $9.99, reflecting a growth of more than 871%.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

LINK Price Surges Following GLNK ETF Launch

chest

The launch of the GLNK ETF propelled LINK's price to a significant increase, reversing a year-to-date slump.

user avatarLeo van der Veen

GLNK ETF Achieves Record Trading Volume

chest

The GLNK ETF achieved over 117 million shares traded in its debut session, signaling explosive institutional demand.

user avatarLi Weicheng

SPAR Switzerland Now Accepts Bitcoin Payments at Checkout

chest

SPAR Switzerland has started accepting Bitcoin payments at checkout, allowing customers to pay with cryptocurrency in over 100 stores, with plans to expand to 300 locations.

user avatarAisha Farooq

TRON (TRX) Trading Stability and Market Analysis

chest

TRON (TRX) is currently trading at around 0.28, with neutral derivatives metrics indicating potential for a breakout if buyers push the price higher.

user avatarTenzin Dorje

Bitcoin and Ethereum Surge as Market Attempts Recovery

chest

Bitcoin and Ethereum have shown strong rebounds today, with Bitcoin rising above 91,000 and Ethereum rallying back to around 3,000.

user avatarBayarjavkhlan Ganbaatar

Ripple CEO Launches Scamberry Pie Initiative to Combat Crypto Scams

chest

Ripple's CEO Brad Garlinghouse has launched the Scamberry Pie initiative to raise awareness about crypto scams, especially during the holiday season, encouraging community discussions and providing tools for identifying scams.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.