• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: The Sandbox Seals Deal With Saudi Arabian Digital Government Authority
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: The Sandbox Seals Deal With Saudi Arabian Digital Government Authority
Picture of a bull charging towards an ETheruem logo
Advertisement

Real Vision CEO Raoul Pal Maps Out A 300% Rally For Ethereum

Best Owie by Best Owie
1 year ago
in Ethereum
0
Advertisement

Real Vision CEO and co-founder has predicted that Ethereum is set to begin a 300% rally. Pal has always been a staunch advocate of the cryptocurrency and numerous times has he made his stance on the digital asset clear. Pal is a supporter of cryptocurrencies, with 100% of his investment portfolio consisting of cryptocurrency assets and products.

Recently, Pal shared his thoughts on where he thinks the digital asset is headed from here. This comes amid growing panic after the market had dipped on Tuesday, with bitcoin dropping below $60K. Ethereum which had hit multiple all-time highs recently was not left out of the onslaught as it had dropped back to $4,100. However, Pal says there is nothing to fear and he backs this up with his analysis of the market.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Related Reading | Coinbase Eyes Broader Adoption With DeFi Apps Integration

Predicting A 300%

Pal took to Twitter to share with his 772K followers his analysis for the market. If the Real Vision CEO’s analysis is anything to go by, then the downtrend that the market has been experiencing will be short-lived. This is because Pal predicts that Ethereum will begin to rally again on Thursday or thereabouts.

Chart showing Raoul Pal's Ethereum analysis

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
Chart outline Raoul Pal's analysis | Source: Twitter

The analysis he posted shows a 300% rally following the dip in price. This would mean that Ethereum would break the highly coveted $5,000 price range, sending the market cap skyrocketing.

I have been showing this spooky chart of ETH now vs BTC in 2017 in various forms. This is my live CIX on Bloomberg…. even nailed this sell off….to the day and price. What happened next? A 300% rally. From tomorrow (ish). 1/ pic.twitter.com/GZiStl4hmG

— Raoul Pal (@RaoulGMI) November 17, 2021

Ethereum price chart from TradingView.com

ETH recovers above $4,200 | Source: ETHUSD on TradingView.com

However, Pal approaches this with a bit of caution. The CEO added in a subsequent tweet that the rally may not play out the way he has mapped it but expressed confidence that the market may see between 100% to 300% rally as the end of the year draws closer.

Now, I don't expect perfection but with all the other analysis I have done, something like a 100% to 300% rally is highly probable into year end. Nothing is a cert.

After that, its a tougher call but I think it possibly elongates and sees significantly higher prices.

— Raoul Pal (@RaoulGMI) November 17, 2021

Pal’s History With Ethereum

Not too long ago, Pal had predicted that Ethereum was set to hit the $20,000 mark by the first half of 2022. This was in line with the CEO’s previous sentiment around the digital asset, which is attributed to the growing use cases of the asset.

Related Reading | Crypto In Major Banks And Securities Firms Is Inevitable, Citi Group Ex-CEO

“There’s tons that have gone into just holding, tones that are locked up in DeFi, tons that are locked up in NFTs, and you’re left with, as of today, 11% of the entire supply of Ethereum available and it’s going down every day, and the demand is going exponential,” said Pal. “The only outcome is an exponential rise in price. There’s no other outcome.”

On Sunday, Raoul Pal had tweeted that he saw the entire space doing a 100x. He focused particularly on Ethereum, pointing to its outperformance over bitcoin on a year-over-year basis.

Featured image from NewsBTC, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Best Owie

Best Owie

Related Posts

Zhejiang Testnet For Ethereum Staking Withdrawal Goes Live

Zhejiang Testnet For Ethereum Staking Withdrawal Goes Live

6 days ago
Ethereum

Ethereum Network Usage Skyrockets As ETH Hits Two-Month High

1 week ago
Ethereum

Ethereum Staking Service Providers Make Up Over 70% Of Staked ETH Supply

2 weeks ago
Ethereum

Ethereum Total Validators Surpasses 500,000 As Shanghai Upgrade Draws Near

3 weeks ago
bitcoin and ethereum

Bearish Signal: Bitcoin, Ethereum Profit-Taking Reach 2021 Levels

3 weeks ago
Ethereum

Ethereum DeFi Suffered 76% Decline In Total Value Locked This Year

1 month ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • ALTCOIN DAILY TO PRODUCE AND STAR IN NEW “SHARK TANK OF...

    16 hours ago
  • SinVerse Studios Announces $1 Million Buyback Program for...

    16 hours ago
  • Join the Revolution: Invest in STARSTAKING for 25% APY and...

    16 hours ago
  • The Crypto Bull Market Trend Has Started! What Does This...

    17 hours ago
  • Orbeon Protocol (ORBN) Grows 1625% During the Presale...

    17 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.