Former Goldman Sachs executive Raoul Pal believes two digital asset subsectors could witness absurd valuations when the market hits crypto summer.
Pal tells his one million followers on the social media platform X that during the “crypto summer” phase of the current market cycle, altcoin projects related to artificial intelligence (AI) and tokenized real-world assets (RWA) could go parabolic.
A “crypto summer” generally means increased prices and higher trading volume.
Says Pal,
“But Crypto Summer and Fall will be confusing because everything will have a narrative and will get caught up in euphoria.
This is when memes really get silly in price, unproven narratives like AI and RWA go to dumb valuations, etc.”
He also believes that Ethereum (ETH) could outperform Bitcoin (BTC) during this time and Solana (SOL) could outperform both Bitcoin and ETH.
“Crypto summer is usually the start of alts season which goes full ‘bubble-tastic’ in fall. This is when ETH b
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