Raoul Pal, founder and CEO of Global Macro Investor, predicts that Ethereum (ETH) will surpass Bitcoin (BTC) during the current cycle.
Pal’s view reflects emerging consensus within the cryptocurrency sector.
Various cryptocurrency analysts, including Chris Barriske, co-founder of New York-based venture capital firm Placeholder, are also betting on ETH’s overperformance.
Fundstrat’s Tom Lee, who also chairs the Ethereum Treasury Firm Bitmine, predicts that the flagship alternative cryptocurrency will ultimately surpass Bitcoin by market capitalization.
Ethereum is close to $5,000
On Sunday, Ethereum prices were very close to reaching the $5,000 level. According to Coingecko data, it has registered a new all-time high of $4,946.
Meanwhile, Bitcoin has struggled to regain its bullish momentum and is currently on track to record for the third day in a row in the red.
ETH/BTC pairs have skyrocketed by more than 73% in just over a month.
Altcoin has risen 12% against Bitcoin this year after a third consecutive year of shortfalls in major cryptocurrencies.
In fact, ETH is currently set to win the highest third quarter of all time and the highest overall quarter since 2021.
Solout Performance ETH?
ETH’s performance is impressive, but it’s worth noting that Solana, which has recently surpassed the $200 mark, is currently performing poorly on the pioneer Altcoin. The SOL/ETH pair has increased by about 5% over the past three days. PAL believes this trend will continue.
Earlier this week, information It has been reported Solana is currently increasing her presence in Washington, DC. In fact, veteran Cryptrobyist Christine Smith is set up to help the project become more respectable.
