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Raoul Pal has highlighted Ethereum as a prime candidate for institutional adoption, citing its robust structure and suitability for large-scale financial applications. Pal emphasized Ethereum's reliability and its Layer 1 security combined with Layer 2 scalability, which he believes are crucial for institutional use. He noted that institutions can develop customized Layer 2 solutions on Ethereum, with Coinbase serving as a notable example.Despite Pal's positive outlook, Ethereum's price has recently dipped below $2,000, trading at $1,993.77, marking a 1.27% decrease over 24 hours. The market capitalization also fell by 1.26% to approximately $240.63 billion, with trading volume dropping 33.23% to $7.55 billion. Pal remains optimistic about Ethereum's future, suggesting it could become the primary platform for tokenized financial systems and potentially outperform Bitcoin in the short term.

BTC+0.97%ETH+1.18%

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