1. Home
  2. Altcoins
  3. ‘Pay Attention to Sui’ – Macro Guru Raoul Pal Says Solana Rival Looking Like ‘The Chosen One’ Amid Bullish Signals
‘Pay Attention to Sui’ – Macro Guru Raoul Pal Says Solana Rival Looking Like ‘The Chosen One’ Amid Bullish Signals

‘Pay Attention to Sui’ – Macro Guru Raoul Pal Says Solana Rival Looking Like ‘The Chosen One’ Amid Bullish Signals

0

Source: Daily Hodle

Macro guru and Real Vision CEO Raoul Pal is highlighting a layer-1 blockchain that he sees becoming a major force to reckon with.

Pal tells his one million followers on the social media platform X that Solana (SOL) competitor Sui (SUI) is “acting like it is going to be one of the key Chosen Ones of the major new chains, if not THE Chosen One.”

According to the Real Vision CEO, people should “pay attention to Sui” amid bullish signals, technological upgrades and growing adoption. Pal says one of the bullish signals Sui is flashing includes breaking out of an inverse head and shoulders pattern.

Source: Raoul Pal/X

“But more importantly, it has broken the downtrend vs SOL (and all the top 20 tokens). Its relative strength in a sideways market is worth paying attention to.”

Source: Raoul Pal/X

On the fundamentals informing his bullish thesis on Sui, the macro guru says,

“Talking of the tech stack, Mysticeti upgrade brought sub-one second finality (fastest of all chains) and the coming Pilotfish will supposedly bring transactions per second (TPS) that scales even beyond Solana Firedancer.

But what are Sui/Mysten Labs trying to achieve?

Basically, they are trying to rebuild the internet, brick by brick for Web3. It is built to scale to Facebook/Meta size use cases (3 billion-plus)…

…from zero-knowledge (ZK) logins to the coming Walrus decentralized storage protocol.”

According to Pal, gaming is a potential niche that Sui could succeed in and the announcement that Circle will be issuing the USDC stablecoin on the platform Is “another good step.”

The Real Vision CEO, however, says,

“But SUI is still in its early innings and the proof will have to be in successful applications that scale built on top of the tech stack.”

Sui is trading at $1.18 at time of writing, up by around 53% in two weeks.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post ‘Pay Attention to Sui’ – Macro Guru Raoul Pal Says Solana Rival Looking Like ‘The Chosen One’ Amid Bullish Signals appeared first on The Daily Hodl.

Go to Source
Author: Mark Emem