In a new video, Real Vision CEO Raoul Pal said that the “summer of altcoins” could arrive in just a month – this will be evident from the sharp increase in both the rate of cryptocurrencies and their capitalization. Interest in the altcoin market should also spur the activity of developers, Pal believes.
“It is quite common that during the crypto spring the leader is Bitcoin, but when the crypto summer comes, Ether shows better results compared to BTC. At the same time, Ether is unlikely to surpass Solana’s performance, since this altcoin is at an earlier stage of implementation, which means its percentage changes in the rate are greater. Now we are in the final phase of crypto spring, and the days are getting warmer. But the real summer will come when altcoins reach and exceed their record values in terms of capitalization and rates. And I believe that the major altcoins will begin parabolic growth in 2024,” said Raoul Pal.
At the same time, the investor emphasized that after the cryptocurrency summer, autumn will inevitably follow, as was the case in previous cycles. This means that after reaching new heights, cryptocurrencies will begin to decline. According to Raoul Pal, the peak value for Bitcoin in this cycle will be $300,000.
Raoul Pal recently said that by 2030, half of the world's population will own digital assets.
Source: Bits
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