Raоul Pal, a renowned crypto enthusiast thinks that Ethereum looks the most appealing for investments in cryptocurrencies right now.
Raoul Pal stressed that he stays a supporter of Bitcoin, but he currently restrains himself from selling his BTC and shifting all his savings to ETH. The investor presented a graph of the ETH/BTC pairing and highlighted that the point has been passed and now ought to be expecting a large-scale growth in ETH. The Ethereum network scored a growth of 100% over the year, while Bitcoin’s indicator stands at about 50%. The ecosystem of the second ever digital currency itself draws a huge amount of developers and entrepreneurs.
“When one takes a look at DeFi, NFT, tokens, and other projects, most of them are valued in ETH. Ether is rapidly turning into the currency of the crypto world, with BTC remaining the primary force. Right now, given the forthcoming launch of ETH 2.0, including a drop in fees on the network and the number of offered coins on the market, I must restrain to not sell all of the BTC I possess and transfer it over to ETH. I admit that I am still a huge fan of Bitcoin, but currently, for the greatest gain, ETH looks much more appealing,” declared the investor.
Interestingly enough, crypto sceptic Peter Brandt backed Raoul Pal’s position and stated that he “believes the same.”
Raoul Pal stated a few days ago that the volatility of Bitcoin represents a positive aspect for traders. Meanwhile, after the recent fall in its price rate, BTC continues to struggle, while ETH has reduced most of the negative tendencies.
