Crypto Experts Forecasts Altcoin Season Surge: Ethereum Poised To Surpass Bitcoin This Summer

In the volatile world of cryptocurrency, cravings for change are swirling as esteemed analyst Raoul Pal makes a bold prediction on an imminent seismic shift. Brace yourselves, crypto enthusiasts, as Ethereum could potentially surpass its longstanding rival, Bitcoin, this summer. 

Raoul Pal, the founder of Real Vision and a known figure in the crypto community, has recently offered his perspectives in a compelling post. Within it, he envisions what he refers to as “crypto summer” — a period marked by a rise in alternative cryptocurrencies, known as altcoins, surpassing Bitcoin (BTC). 

Pal highlighted the significance of historical patterns. He explains past cycles where Ethereum has taken the lead during the summer season, surpassing Bitcoin’s growth and indicating the beginning of what he calls “altcoin season.”

“It’s like clockwork. Crypto summer kicks off the altcoin frenzy, paving the way for Ethereum to shine brighter than ever before,” Pal added. 

How would this happen?

Pal presented a combination of factors, including macroeconomic trends and notably, the injection of liquidity into the market, particularly from the US. 

One of the factors is the possibility of US liquidity injections, which could breathe new life into the crypto market. As the global economy treads uncertain paths, the influx of liquidity from the United States has the potential to act as a catalyst for a resurgent crypto market. 

QCP, a crypto trading firm based in Singapore shared its sentiments about the potential influence of US liquidity injections, emphasizing its significance as a catalyst for the expected rise in cryptocurrency prices.

Amidst looming uncertainties, Pal’s forecast instills the crypto community with a cautious sense of optimism, tempered by an acknowledgment of the market’s volatility. 

At this time of writing, Ethereum (ETH) is trading at $2,852.95 reflecting a 7.64% decrease in the last 24 hours. 

ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.

Related Articles

Ethereum Price Prediction: PYUSD Yield Boosts $1,920 Target

2 days ago

Save

Ethereum Price Prediction: $38.7M ETF Boost Sends ETH Past $1,800

3 days ago

Save

Crypto Chaos: $200M Ponzi Hits Thousands of Victims

3 days ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments