• 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

AI and the Financialization of the Internet

chest

A16z discusses the emerging trend of financialization of the internet, integrating payment and investment features into online platforms, and the rise of AI agents managing funds.

user avatarJesper Sørensen

The Importance of Stablecoins and RWA Tokenization

chest

A16z emphasizes the critical role of stablecoins and the tokenization of real-world assets (RWA) in the future of the cryptocurrency economy.

user avatarSatoshi Nakamura

Ethereum Price Declines After Fed Rate Cut

chest

Ethereum price declines by 8% after failing to break the 200-day EMA, despite a 25 bps rate cut by the US Federal Reserve.

user avatarNguyen Van Long

Mubadala Capital Partners with Kaio Technologies for Tokenization of Private Market Strategies

chest

Mubadala Capital has partnered with Kaio Technologies to tokenize private market strategies, enhancing liquidity and accessibility for institutional investors in the UAE.

user avatarRajesh Kumar

State-Level Shifts Indicate Regional Divergence in Jobless Claims

chest

Recent data reveals significant shifts in initial jobless claims across various states, indicating a divergence in recovery and job availability.

user avatarLucas Weissmann

US Jobless Claims Jump to 236,000 as Labor Market Shows Signs of Cooling

chest

Initial jobless claims in the US rose by 44,000 to 236,000, indicating a softening labor market.

user avatarEmily Carter

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.