• 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

2 years 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

Aave Proposes Crosschain Expansion for sGHO

chest

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

user avatarJacob Williams

Solana Transforms into a Leading Trading Venue

chest

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

user avatarSon Min-ho

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

chest

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

user avatarZainab Kamara

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

chest

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

user avatarAyman Ben Youssef

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

chest

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

user avatarKofi Adjeman

BNB Chain Surpasses Competitors as Largest Host for Franklin Templeton's Benji Assets

chest

BNB Chain has become the largest blockchain host for Franklin Templeton's Benji platform assets, holding approximately $15 billion of tokenized money market fund assets.

user avatarTando Nkube

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.