The post Trader Says One Crypto Narrative Even Bigger Than AI, Predicts ‘Biggest Altcoin Season Ever’ appeared on BitcoinEthereumNews.com.

A closely followed crypto trader believes there is a stronger bullish market narrative for digital assets than artificial intelligence (AI) that could send altcoins to new all-time highs (ATHs). Pseudonymous trader Criptopaul tells his 105,900 followers on the social media platform X that real-world asset (RWA) tokenization has the potential to send altcoins soaring in the current cycle more than the hype around AI. “In my opinion RWA is still the biggest narrative of this cycle, more than AI, since the RWA concept itself is based on blockchain and is a real financial revolution that has been hypothesized for years and since Ethereum was born. Tokenization.” The analyst is also predicting a massive breakout for Ethereum (ETH) against Bitcoin (ETH/BTC) which he believes will also signal the beginning of a historic breakout in the broader altcoin market. “The stars are about to align on ETH/BTC and the biggest altcoin season ever will begin… ETH/BTC double bottom. You ready?” Source: Criptopaul/X Looking at his weekly chart, the analyst believes that ETH/BTC has printed a bullish double bottom pattern at around the 0.046 BTC ($3,118) level. A double bottom pattern in technical analysis often suggests that an upward trend is coming after a period of decline. ETH/BTC is trading for 0.0466 BTC ($3,148) at time of writing, up more than 1.4% in the last 24 hours. Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X, Facebook and Telegram Surf The Daily Hodl Mix &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you…

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Filed under: News - @ May 20, 2024 6:10 pm