• 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

Bitget Broadens Tokenized Traditional Assets on BNB Chain.

chest

Bitget launched 98 tokenized US stocks and ETFs on BNB Chain, allowing users to trade traditional assets alongside cryptocurrencies.

user avatarLuis Flores

Bera Builds Businesses Initiative Aims at Revenue-Generating Solutions.

chest

Berachain's Bera Builds Businesses initiative aims to support 35 applications with revenue potential.

user avatarArif Mukhtar

Future Technical Enhancements for Berachain in 2026.

chest

Berachain's roadmap for 2026 includes key technical upgrades aimed at improving protocol efficiency.

user avatarMaria Gutierrez

The Need for a Pivoting Culture in Africa

chest

David Chima advocates for normalizing pivots in the African startup ecosystem, emphasizing that they should be seen as a sign of strength rather than failure.

user avatarAndrew Smith

The Importance of Pivots in African E-commerce

chest

David Chima discusses the psychological challenges of pivoting in the African tech scene, emphasizing the stigma of failure and the necessity of adapting for success.

user avatarJacob Williams

Successful Pivots: Case Studies from African Startups

chest

Chima shares examples of successful pivots in African startups, such as Flutterwave transitioning from a consumer remittance app to a payments infrastructure company, and Paystack shifting focus from banks to developers.

user avatarDavid Robinson

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.