Ethereum Estimation from the Famous Economist Has Arrived!
Famous investor and economist Raoul Pal believes that Ethereum is on the verge of leaving the range thanks to its altcoin rally.However, despite these positive predictions, the launch of Ethereum 2.0 has been delayed again.
Raoul Pal: Ethereum is ready to lead the current altcoin rally!
World-renowned investor and economist Raoul Pal closely monitors the ETH chart and notes that the second largest currency may be ready to lead the current altcoin rally. According to data shared by CoinMarketCap, the crypto market is green today. Since the morning, Ethereum has risen from $ 235 to $ 243. The fourth largest cryptocurrency, XRP, was trading at $ 0.20 in the morning and now aims to rise. The renowned research company Glassnode shared some new data on the on-chain volume of USDT working on the Ethereum network.
According to Glassnode, the amount of USDT in Ethereum now reached 85 percent, compared to around 50 percent (36 percent) at the beginning of the year. These figures point to interesting results. Podcaster Udi Wertheimer also shared some interesting data about Ethereum-based USDT. Udi Wertheimer suggested that large ETH owners expect Ethereum’s price to increase as the USDT amount in Ethereum increases rapidly.
Another uptrend move in Ethereum approaching?
However, Udi Wertheimer shared an OMNI chart in 2018 (the first protocol where USDT was launched). According to the chart, the price of OMNI rose to $ 120 in January, but was slightly above zero in November. With this chart, Udi Wertheimer wants ETH owners to remember that the same fate can happen to their favorite cryptocurrencies.Cryptocurrency expert WhalePanda shared the important and much-anticipated update news for the Ethereum protocol: Ethereum 2.0 was delayed until November, according to the best scenario. ETH team promised that the new version of the protocol will solve some important problems. ETH investors are able to use scalability, high GAS fees, etc. They are looking forward to Ethereum 2.0 throughout 2020 as it will solve the problems. Investors are waiting for the update to be released successfully in order for ETH price to rise to the top.