The crypto market went through a rollercoaster “bloodbath”! Its TOTAL index jumped 3.2%, erasing a value of $72 billion. This made more than $160 million in liquidations, and the bullish investors were primarily affected. However, Raoul Pal, known for his strategic comprehension of the crypto space, followed a different approach amidst this disorder.

Read on to know how Pal stood out!

NFTs: Thriving Amid Market Uncertainty?

Instead of panic-selling, Pal took recourse to a rather unusual practice, and obtained discounted digital art with his Ethereum reserves. In fact, he purchased works by NFT artists XCOPY and Beeple, which also incline towards his belief in buying assets “when there’s blood in the streets.”

Moreover, Pal’s NFT investment has resulted in speculation about the uncertain future of this sector. Although the crypto market was blessed with hikes lately, yet NFTs kept lagging behind. Hence, Pal’s move serves as a contrary, indicating a bigger interest among major players once market sentiments transitions on towards the positive side.

Pal’s Bold Prediction: The ‘Banana Zone’ in Q4

Apart from his NFT investment strategy, Pal has also predicted a significant market surge in Q4 of the election year, terming it as the “banana zone”. According to historical trends, Q4 witnesses increased activity in assets like Bitcoin, which is uplifted by the stimulus of the election-year. In fact, Pal’s prediction shows cryptocurrencies like Solana could be offering potential opportunities, which he believes, are surely going to benefit the forthcoming market dynamics.

Therefore, Pal’s calculated predictions followed by the strategic moves serve as a valuable guide for investors and uncertainties within the market.

Read Also : List of Altcoins Poised for 10X Growth Amid Crypto Bloodbath

What strategies do you think, will other investors adopt in response to Pal’s bold moves?