Real Vision’s Raoul Pal Explains Why He’s More Bullish on Ethereum (ETH) Than Bitcoin (BTC)
AI Trading

The CEO of Real Vision, Raoul Pal, has recently stated that his end of the year target for Ethereum (ETH, the second-largest digital currency by market capitalization, remains $20,000 as the cryptocurrency of the largest smart contract platform hit $1,700 all-time high.

Ethereum (ETH) Keeps Surging For New All-Time Highs

In early Thursday trading on the Asian session, Ethereum (ETH) prices hit a new milestone of $1,700, marking a gain of 8% on the day. ETH is now 17% higher than the previous all-time high it recorded three years ago and could continue to advance if the momentum remains the same.

Read Also: CEO of Global Macro Investor Raoul Pal Says He’s Developing an Interest in XRP

The momentum has positioned the digital asset firmly above its previous and 2018 high of $1,450 as it surges closer to the $2,000 level.

AI Trading

It’s worthy of note that the price of the leading cryptocurrency ETH has surged 130% year-to-date compared to Bitcoin (BTC), the largest cryptocurrency by market cap, that printed just a 30% increase over the same period.

At the time of publishing, ETH is trading at $1,669.93, with about an 8% price uptrend in the last 24 hours, according to CoinMarketCap.

Raoul Pal Says Ethereum (ETH) Is Poised To Hit $20,000 by the End Of 2021

As the price of Ethereum (ETH) embarks on new all-time highs, the popular economist and Global Macro Investor, Raoul Pal, has set his price target for the digital token.

Read Also: Crypto Trader Spencer Noon Lists 11 signs Ethereum (ETH) is going to blow past its all-time high

In a new tweet, Real Vision CEO pointed out that he still expects the leading digital currency to hit $20,000 before the end of the year.

Raoul Pal tweeted, “ETH is up 126% YTD. Its Feb 3rd, FFS! I still expect it to hit $20k by around the turn of the year. The entire DA space is going to consume the performance of everything else, with BTC as the flag carrier as The Big Asset. It is up 30% YTD hugely beating every other major asset.”

Read Also: Former Goldman Sachs Hedge Fund Manager Says Ethereum (ETH) Would Lead the Next Breakout

Grayscale Buys ETH worth $38 Million

Grayscale Investments, the world’s largest crypto-asset manager, has revealed that it had added $38 million worth of ETH.

Following the new development, Grayscale’s total ETH AUM climbed to $4.5 billion, according to data from crypto-exchange data aggregator bybt.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App.

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.