Raoul Pal Predicts NFT Boom with Ethereum Rally

The post Raoul Pal Predicts NFT Boom with Ethereum Rally appeared first on Coinpedia Fintech News

Crypto expert Raoul Pal highlights Ethereum’s recent surge to an all-time high, noting the anticipated decision of the SEC regarding a spot Ethereum ETF expected by May 23. Analysts have increased the approval chances to 20%, which resulted in a 20% surge in ETH’s price in just one day. Pal also suggests that the high demand for the ETF, 30% of ETH being staked, and the current market scenario could further trigger growth, calling it a “banana zone squared.” Additionally, he predicts a boom for NFTs as Ethereum approaches its previous peak of $4,868, reached on November 8, 2021. However, ETH currently stands 29% below this all-time high.