Former Goldman Sachs exec favors Sui
Raoul Pal, the former Goldman Sachs executive and CEO of Real Vision, is publicly backing Sui (SUI), a layer-1 blockchain, over Solana (SOL). In a post to his over 1 million followers on X (formerly Twitter), Pal declared Sui his “favorite” among the two. He highlighted a chart showing Sui’s price potentially breaking through resistance, suggesting a bullish outlook.
Sui’s Recent Performance
At the time of writing, Sui (SUI) is trading at $2.97. It’s seen impressive gains, up over 21% in the last day and almost 41% in the past week. This compares to Solana (SOL), currently at $149.47, which is up a more modest 3.5% in the last 24 hours and 13% over the past week.
Analyst Support for Sui
Pal isn’t alone in his bullishness on Sui. Crypto trader Michaël van de Poppe also noted Sui’s growing adoption in decentralized finance (DeFi), particularly for Bitcoin (BTC) staking and lending (BTCfi). He pointed to Sui’s strong DeFi performance, including its position among the top six chains in DeFi and nearly $6 billion in trading volume last month. He believes Sui is well-positioned for future growth.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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