Ethereum Price Set For 100% Rally -Raoul Pal
The CEO of Real Vision, Raoul Pal, is optimistic about Ethereum (ETH) following a month-long market slump.
Pal thinks that ETH may be preparing for a significant rally.
He predicts ETH price to hit $2,000 to $3,000, claiming the price may rise even further as Ethereum is burned during transitions, increasing its scarcity.
Pal points out that certain mechanics in ETH are particularly unbalanced due to burn, and the more users join the network, the less ETH there is.
There is a risk of a V-shape up. That’s the risk I think is underpriced says pal.