Real Vision CEO and macro guru Raoul Pal said he believes leading smart contract platform Ethereum (ETH) will outperform Bitcoin (BTC) in the long run.
Celebrity economist explains why Ethereum is more bullish than Bitcoin (BTC)
Raoul Pal, in a recent interview with Crypto Banter, is the most bullish by market cap He says that while the good coin surpasses ETH in total trading volume and number of active wallets, Ethereum has found a way to outperform BTC over the past few years:
If you’re considering Bitcoin Bitcoin exchanges more value every week than Ethereum. Ethereum has a lot of transactions. It is the total value and number of active wallets and Bitcoin beats both. However, if you look at Ethereum, the change in values, the rates of change in these two values are higher in Ethereum, so Ethereum has been outperforming Bitcoin for the past few years and I’ve found that to be really helpful. It shows what the price is and the price is pretty good. When asked if
is continuing to rise higher than Bitcoin in Ethereum, Pal replied that it still is and that other altcoins should eventually outperform the leading crypto:
If you believe the future is in Blockchain technology, the entire cryptocurrency market should outperform the safe haven. This is how things go. It always works this way and therefore has a higher beta. If you’re in an exponential uptrend because you’re in a network adoption pattern for the entire domain, not just Bitcoin, it should outperform over time. It’s that simple.
At the time of writing, Bitcoin is trading at $29,174.82, while Ethereum is trading at $1,796.13. The leading altcoin had lost more than 10% at one point over the past week.
600k options contracts expiry soon
May 27 to June 24, 2022 The second highest contract expiration time is approaching after 766.0k contracts expire. This contract expiration means that significant volatility in ETH’s spot prices cannot be ignored.
Given the metrics mentioned above, it can be said that ETH investors have many future monetization options with 582.2k contracts expiring on May 27, according to analyst Manisha Mishra. .
