๐ฑ๐ฅFamous investor Raoul Pal: Altcoins will also have their turn
#raoulpal , a former Goldman Sachs executive and known for his #crypto investments and analysis, said that he agrees with the comments that Bitcoin's rise is not reflected in altcoins, but that it will be their turn as well. Pal said, "The fact that Ether performs better than Bitcoin will be reflected in altcoins. I also expect a big rise in Solana,"he said.
Raoul Pal, the founder of the company Real Vision, which provides education in finance and is also known for his comments on cryptocurrencies, said that there will come a time when altcoins will rise like Bitcoin, even this period is not far away.
โI think the summer months will be very hot in crypto. I think that the chart shared below will break upwards, and even people will go crazy to make purchases and lose themselves.
There may be a hard rise in Solana and Etherโ
The analyst, who stated that he thinks that the total market value of altcoins will also break a record, drew attention to Solana and Ether:
"Very soon, altcoins will start doing crazy things. When I say recently, I'm talking about the process for 1 month or the next month. The fact that Ether performs better than Bitcoin will be reflected in altcoins. Can Ether surpass Solana? I don't think so. Solana rose very early this year and did well. I think this season will be more like 2013 and 2017, but everything depends on the possibilities... we'll seeโ
โThere will definitely be a bear season in the end"
Stating that the total crypto market could reach up to $10 trillion, Pal said:
โJust do your job. We may see the biggest macro uptrend of all time. The crypto market, which is currently at $ 2.5 trillion, could reach up to $ 10 trillion. And there will definitely be a bear season at the end. But we don't know how this will happen either. People have started buying Bitcoin into their retirement funds every 2 weeks. Therefore, it may not be like the OLD bear seasons either.โ