Raoul Pal Sees NFT Market Explode as Ethereum Bull Cycle Approaches New All-Time High
- Raoul Pal predicts Ethereum’s bull market will revive interest in top NFT collections.
- CryptoPunks, BAYC, and other OG assets may attract new demand.
- NFT market sees mixed trends amid a 5% drop in total market cap.
Raoul Pal, Real Vision CEO and well-known macro investor, specific NFTs could see a strong resurgence if Ethereum (ETH) builds momentum towards establishing a new all-time high (ATH). In a post on X, Pal pointed to key NFT collections that could see strong upside if ETH reaches new peaks.
NFTs to Benefit From Ethereum’s Momentum
Pal stated that he is “forming a view” that a renewed Ethereum bull market will lift NFT assets tied closely to its ecosystem. Among those he named were CryptoPunks and Bored Ape Yacht Club (BAYC), citing their prominence and cultural status.
Related: Adidas Launches Exclusive NFT Collection for Xociety Game on Sui Blockchain
He also mentioned Meebits and CryptoDickbutts, describing them as “cheap OG assets” with upside potential if overall market sentiment for NFTs improves. Pal believes such an NFT rally would be driven not only by Ethereum’s rising value but also by a shift in investor focus back to…
The post Raoul Pal Sees NFT Market Explode as Ethereum Bull Cycle Approaches New All-Time High appeared first on Coin Edition.
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Raoul Pal Sees NFT Market Explode as Ethereum Bull Cycle Approaches New All-Time High
- Raoul Pal predicts Ethereum’s bull market will revive interest in top NFT collections.
- CryptoPunks, BAYC, and other OG assets may attract new demand.
- NFT market sees mixed trends amid a 5% drop in total market cap.
Raoul Pal, Real Vision CEO and well-known macro investor, specific NFTs could see a strong resurgence if Ethereum (ETH) builds momentum towards establishing a new all-time high (ATH). In a post on X, Pal pointed to key NFT collections that could see strong upside if ETH reaches new peaks.
NFTs to Benefit From Ethereum’s Momentum
Pal stated that he is “forming a view” that a renewed Ethereum bull market will lift NFT assets tied closely to its ecosystem. Among those he named were CryptoPunks and Bored Ape Yacht Club (BAYC), citing their prominence and cultural status.
Related: Adidas Launches Exclusive NFT Collection for Xociety Game on Sui Blockchain
He also mentioned Meebits and CryptoDickbutts, describing them as “cheap OG assets” with upside potential if overall market sentiment for NFTs improves. Pal believes such an NFT rally would be driven not only by Ethereum’s rising value but also by a shift in investor focus back to…
The post Raoul Pal Sees NFT Market Explode as Ethereum Bull Cycle Approaches New All-Time High appeared first on Coin Edition.
Read More
Ethereum Bears Sold $2.5 Billion: Will It Impact ETH Price?