Coin Edition -
- Raoul Pal shares insights on crypto cycles and the unpredictable nature of crypto markets.
- The investor states that the crypto cycle begins with spring and transitions to other seasons.
- According to Pal, NFTs take off when ETH reaches its all-time high.
As the crypto community stands overwhelmed at the onset of 2024 with anticipations of an impending bull run, Raoul Pal, a prominent crypto investor, shared his views on the crypto cycle that keeps moving.
In a recent interview, Pal provided a detailed sketch of the notion of the “crypto cycle,” which “tends to play the same” and starts with a “spring,” transitioning to the other seasons like the alt season, DeFi season, the explosion, and the extreme crypto winter. Thus, the crypto community is accustomed to witnessing a volatile and mobile market.
Elucidating on the topic, Pal stated:
It seems to be always DeFi season. I don’t know why. Then you start hitting alt season, when global liquidity starts increasing year on year, alt season hits, and ETH starts outperforming Bitcoin. And then you get some of these ridiculous tail events.
Scott Melker, a notable crypto investor known on X as The Wolf of All Streets, shared a post reiterating Pal’s views of the crypto cycle. He wrote, “NFTs, dog coins, meme coins, everyone getting hilariously rich, recycling their money and then doing it again.”
While talking about the cycle of NFTs, Pal commented that 2024’s beginning parallels 2023 as the community witnesses a similar NFT space. He cited, “Some of the NFTs found a base and are rallying, others are still bleeding.” In addition, Pal stated that the NFT space will “take off” when ETH reaches its all-time high.
The post “Crypto Cycles Tend To Play the Same,” Asserts Investor appeared first on Coin Edition.