• 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

Retail Investors Face Billions in Losses from TRUMP and MELANIA Memecoins

chest

Retail investors have incurred over $4 billion in losses on the official TRUMP and MELANIA memecoins, which have plummeted significantly since their launch.

user avatarElias Mukuru

Bitcoin Spot ETFs Face Largest Drawdown in History

chest

Bitcoin spot ETFs have experienced the largest drawdown in history, with a decline of 100,300 BTC following the October all-time high, reflecting a risk-off environment and institutional derisking.

user avatarDiego Alvarez

t54ai Introduces x402 Facilitator for Seamless AI Payments on XRP Ledger

chest

t54ai has launched an innovative x402 facilitator on the XRP Ledger, enabling AI agents to pay for API calls and digital services using XRP or RLUSD.

user avatarKenji Takahashi

Bitcoin Lightning Network Sees Surge in Monthly Transactions

chest

In November 2023, the Bitcoin Lightning Network saw a surge with over 11 billion transactions processed, indicating increased adoption by larger players.

user avatarMaria Fernandez

Capitulation Risk Grows for Ethereum Whales Amid Unrealized Losses

chest

Capitulation risk grows for Ethereum whales amid unrealized losses.

user avatarGustavo Mendoza

Exchange Inflows and Liquidity Dynamics Impact XRP Market

chest

A recent CryptoQuant report highlights the impact of exchange inflows and liquidity dynamics on XRP's market behavior, indicating that spikes in inflows may precede volatility expansion.

user avatarRajesh Kumar

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.