Ethereum Hits ATH! ADA, SOL, AVAX & LUNA Ready For Major Explosion !

The broader crypto market looks amazing as Bitcoin has hit a new ATH at $67.8K and ETH too has hit new ATH at $4833 yesterday. All the top alts on the board trade in green on the back of bullish market sentiment.

Cardano (ADA), Solana (SOL), Avalanche (AVAX), and Terra (LUNA), according to macro expert Raoul Pal, will be very explosive this bull cycle, but with one caveat.

Pal says in a new interview with Ash Bennington on Real Vision that he’s open to the notion that Ethereum will go through an extended bull cycle that lasts until June 2022, bringing ETH as high as $40,000.

Pal believes that if ETH experiences parabolic rise, other prominent layer-1 crypto assets could become even more explosive. 

“if I’m right about the network adoption, then these other layer-1s like Solana, Terra, Avalanche, Cardano, and some of the others are going to be super explosive.”

There’s a Catch

The one catch, according to Pal, is that getting behind the altcoin bull run could be a considerably riskier trade than Ethereum.

He mentions that in terms of risk-reward, they’re riskier. They don’t have the same depth of network as Ethereum. From a risk-adjusted basis, Ethereum remains the best bet in the world, he adds.

The present crypto bull market, according to the former Goldman Sachs executive, may come to an end once Ethereum threatens Bitcoin’s market value. Ethereum has a market cap of $523.9 billion, whereas Bitcoin has a market size of $1.14 trillion.

He guesses that it approaches Bitcoin’s market capitalization. As a result, it will eventually double in relative value to Bitcoin. That is not something I believe the market anticipates.

But, if that little period of flipping marks the conclusion of the cycle, when everyone punches the air and all the Bitcoin folks are furious because Ethereum outperformed, then we’ll see a bigger drop, he adds.

Source: https://coinpedia.org/altcoin/ethereum-hits-ath-ada-sol-avax-luna-ready-for-major-explosion/