• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Raoul Pal: Successful Growth of Sui and Attention to Solana

user avatar

by Giorgi Kostiuk

a year ago

Raoul Pal, CEO of Real Vision, shared forecasts regarding the growth of the Sui blockchain and its competition with Solana.

What Does Sui's Breakout Mean?

In a recent statement, Raoul Pal noted that the Sui blockchain, being a layer one platform, surpassed its all-time high and reached the critical $5 threshold. He believes this event is a harbinger of significant price increases in the near future.

SUI is pushing its nose to the ceiling... It needs to enter a super bullish phase from here.

Will Solana Keep Up with Sui?

Pal also expressed a positive outlook on Solana, noting its breakout from a trading channel that has now become a support level. The chart indicates that SOL is strengthening against its historical highs.

The long-term SOL chart looks very bullish.

Outlook for Investors

Sui has surpassed the $5 mark, indicating strong market interest. Pal believes Sui could surpass Solana in the current market cycle. However, investors should consider the risks associated with Sui despite its potential.

Raoul Pal's forecasts highlight that Sui and Solana are in the market spotlight, offering new investment opportunities for traders. Both assets continue to evolve and impact market dynamics.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mu Digital Launches Infinite Ways to Earn Campaign

chest

Mu Digital has announced the launch of its multimonth incentive campaign, Infinite Ways to Earn, aimed at boosting liquidity and introducing users to decentralized finance.

user avatarFilippo Romano

New CEO Antonio Filosa Implements Changes at Stellantis

chest

New CEO Antonio Filosa is implementing changes at Stellantis to address challenges and improve relationships with US retailers.

user avatarMaria Gutierrez

Bybit Enhances Access to Tokenized Gold through XAUT Integration on Mantle.

chest

Bybit has announced today that it will support XAUT Tether Gold deposits and withdrawals on the Mantle platform, enhancing user access to tokenized gold.

user avatarEmily Carter

Sui Blockchain Powers Advanced DeFi Innovations

chest

The Sui blockchain provides the foundational infrastructure for advanced DeFi innovations, enabling high-throughput data ingestion and complex smart contract execution.

user avatarTomas Novak

New Vault Integrates Polymarket Data for Dynamic Investment Strategies

chest

The newly launched vault establishes a direct pipeline between Polymarket's prediction market data and automated investment strategies deployed through Ember Protocol's infrastructure.

user avatarTomas Novak

USDT Reserves Frozen Amid Political Turmoil in Venezuela

chest

USDT reserves of $182M were frozen in Venezuela following President Maduro's arrest, raising concerns about stablecoin access for citizens.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.