Both Bitcoin and Ethereum have experienced impressive growth in the last 30 days. The Bitcoin market has registered a surge of 21.6%, and the Ethereum market a rise of 19.2%. A recent post by Raoul Pal suggests that ETH may soon outperform BTC. He highlights some key factors to support his argument. Let’s explore the factors!
The Bitcoin market is about to enter the third year of the latest four-year cycle. Usually, the third year of a cycle is when the BTC market delivers its best performance. The trend is not different in the Ethereum market.
Pal predicts that Ethereum will outshine Bitcoin in this cycle.
Here are the key factors that the crypto expert highlights:
The crypto regulation framework has evolved positively over the years and is expected to improve further in the coming days. As the framework for crypto regulation strengthens, Ethereum stands to benefit, especially given its prominence in the decentralized finance (DeFi) space.
DeFi tokens are poised to become increasingly lucrative, offering substantial yields and rewards. Ethereum, being the foundation for much of the DeFi ecosystem, stands to benefit from this trend, further boosting its value.
Ethereum’s reputation for security and trustworthiness positions it as a leading candidate for integration into traditional financial use cases. As traditional finance players explore blockchain solutions, Ethereum’s adaptability could make it the preferred choice for institutional adoption.
An influx of institutional investment could drive the creation of innovative financial products, increasing Ethereum’s dominance in the market.
Pal forecasts that, even though Ethereum could outperform Bitcoin in the present cycle, it might still not outpace Solana. Interestingly, He experts SOL to lag behind SUI.
In the first year of the current cycle, Ethereum saw an impressive annual price change of +90.8%. In the first quarter of this year, Ethereum gained +59.8%, followed by a -5.8% dip in the second quarter, and a -24.5% slide in the third. However, the market has bounced back with a +12.2% surge in the current quarter. Since the US election day, Ethereum’s price has climbed by 21.4%, with the current price standing at $2,909.13.
Raoul Pal’s analysis suggests that Ethereum’s strong regulatory outlook, DeFi potential, and adoption in traditional finance could position it to outperform Bitcoin in this cycle. With these developments in play, Ethereum’s price prediction appears promising for the months ahead, making it a key asset to watch.
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