One cryptocurrency trader believes there is a stronger market bull narrative for digital assets than artificial intelligence (AI) that could send altcoins to new all-time highs (ATH).
pseudonymous trader Criptopaul tells his 105,900 followers on social media platform
“In my opinion, RWA is still the bigger story of this cycle than AI because the concept itself is based on blockchain and is the true financial revolution that has been assumed for years since the birth of Ethereum. Tokenization.”
Analysts are also predicting that a massive breakout of Ethereum (ETH) against Bitcoin (ETH/BTC) could signal the start of a historic breakout in the broader altcoin market.
“Stars will soon join ETH/BTC and the biggest altcoin season ever will begin…
ETH/BTC double bottom. Are you ready?”
Looking at the weekly chart, the analyst believes that ETH/BTC has printed a bullish double bottom pattern around the 0.046 BTC ($3,118) level. In technical analysis, a double bottom pattern often suggests that an uptrend is emerging after a downtrend.
ETH/BTC is trading at 0.0466 BTC ($3,148) at the time of writing, up more than 1.4% in the last 24 hours.
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