The crypto market has been wobbly over the last 24 hours. Despite mild volatility, Bitcoin has held above $60K, ETH has been trading above the $3700 level after a slight dip. BNB despite the coin burn is still thriving at the $480 level.
Amidst this market action, Three price prediction charts for Bitcoin, Ethereum, and Solana are working like “pure magic,” according to macro specialist Raoul Pal, and they give positive predictions for the tokens. He speaks of which in the new Crypto banter podcast.
The Real Vision’s co-founder and CEO compare Bitcoin’s current market cycle to that of 2012-13, predicting a price goal of more than $250,000 at the end of this bull run.
He says he has been using the chart for over a year and it’s been nothing short of miraculous. It provides a very clear aim, and it’s worked wonders.
” It gave me the courage to keep adding during the bear market, knowing that “we know how this plays out.” He added.
At the time of writing Ethereum Price is trading at $3812 up by 1.9% in the last 24 hours.
The former Goldman Sachs executive then puts up another graph that compares the price trajectory of Ethereum from 2016 to that of Bitcoin from 2011 to 2019.
He further shows how Ethereum stacks up against Bitcoin in 2017. It’s been a lot of fun. In fact, I have this as a real-time chart on Bloomberg, and it’s virtually accurate to the day right now [because] it’s so close he says.
At the time of writing, BTC is trading at $62317 up by 1.9% in the last 24 hours.
Finally, Pal provides a graph that illustrates how Solana (SOL), a smart contract platform, is following the same path that Ethereum did in 2016-2017, which, if it continues, will put SOL above $800 in April 2022.
He explains that at the moment, the price of Ethereum is nearly the same as the price of Bitcoin in 2017. and here’s Solana at the same price as ETH, expanding quicker as a network, but with the same chart. It’s insane.
At the time of writing, Solana is trading at $157.72 up by 0.1% in the last 24 hours.