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Top Altcoins to Watch: Raoul Pal’s Picks for This Crypto Bull Run

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By on November 16, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Top Altcoins to Watch: Raoul Pal’s Picks for This Crypto Bull Run appeared first on Coinpedia Fintech News

The post-election rally has sparked renewed optimism in the crypto sector, fueled by Trump’s pro-crypto stance and the Fed’s supportive policies. Investors are hopeful for regulatory relief, driving significant gains in major altcoins like Ethereum, SUI, and Solana. Analysts foresee a “banana zone” phase, where rapid growth across key tokens could propel the crypto market toward a $10 trillion market cap by 2026.

Crypto market guru Raoul Pal has dropped some exciting predictions for altcoin enthusiasts, claiming the long-awaited altcoin season is finally here. In his latest analysis, Pal shared his top picks for the altcoins he believes are set to explode in the coming months. 

Let’s explore his top picks!

Ethereum: The Altcoin King in the Making

Raoul Pal predicts Ethereum will outperform Bitcoin in the current cycle due to improved regulation, DeFi utility, and TradFi adoption. While a $20,000 price tag for ETH might seem ambitious, Pal sees Ethereum as the backbone of the next altcoin season. With its ongoing network upgrades and growing DeFi ecosystem, Ethereum is primed for massive growth, and Pal believes it will be at the forefront of the altcoin race.

Solana: Ready for a Breakout

Solana (SOL) has been quietly building strength, and Pal expects it to take off in the next phase of the market. With impressive on-chain activity and a resilient ecosystem, Solana has outperformed Bitcoin in recent months. Pal pointed out that Solana is on the verge of a breakout, predicting it will soon break its wedge pattern and surge during the altcoin season. It’s one to keep an eye on.

Sui: The Sleeper Pick

Sui (SUI) is another altcoin Pal is particularly excited about. He sees Sui as having huge upside potential, comparing it to Solana before its explosive rise. With a low supply and high demand, Sui is set to capture attention in the next bull market. For Pal, Sui is the “chosen one” for this cycle, and its unique features could help it skyrocket in value.

Meme Coins: A Risky Bet for Big Gains

While Pal’s primary focus is on Ethereum, Solana, and Sui, he hasn’t forgotten about the speculative world of meme coins. Coins like Dogecoin (DOGE) could see another surge, driven by hype and community enthusiasm. Pal suggests keeping a small portion of your portfolio in these high-risk, high-reward assets if you’re feeling adventurous.

With institutions actively participating, Bitcoin ETFs thriving, and regulatory clarity improving, Pal believes the crypto market is set for a transformative bull run. He encouraged newcomers to enter now, as waiting too long could mean missing out on substantial gains.

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