10.04.2024

Raul Pal: Here’s what the new highs of bitcoin, ether and Solana will be like

Cryptocurrency enthusiast and founder of investment company Real Vision has predicted the performance that BTC, ETH and SOL will be able to achieve in the near future.

Raoul Pal suggested that bitcoin’s target mark for the near future is $250,000 per coin. Moreover, the first cryptocurrency may surpass the projected level due to the high demand for spot bitcoin-ETFs. The upcoming April halving will also boost demand for the cryptocurrency, as the BTC production rate will drop due to a 50% drop in the reward: from 6.25 per block to 3.125 BTC.

The legendary trader is bullish on ether: thanks to the utility of smart contracts, the value of this altcoin could rise to $17,000-$20,000. Ether is currently trading above $4,000, but unlike bitcoin, it has yet to break its record – in November 2021, ether traded above $4850. The founder of Real Vision expects that ETH’s growth could be influenced by the strong correlation with bitcoin, the pending launch of spot ether ETFs in the US, and the upcoming Dencun update due on March 13.

Raul Pal believes that the Solana cryptocurrency will range from $700 to $1000. The investor is confident: the high performance of the blockchain will increase the demand for SOL. SOL peaked at $260 in early November 2021, and the coin still has plenty of room for growth.

In December, the cryptocurrency enthusiast suggested that ether will show more notable results than bitcoin in 2024. Raul Pal talked about his investment in the XRP coin, noting the potential of the XRP Ledger (XRPL) blockchain.

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Коля Мельниченко

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