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?”
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.
