Raoul Pal, a well-known figure in the crypto world and former Goldman Sachs executive, predicts big things for the Sui (SUI) blockchain. He believes SUI is poised for a massive price surge after breaking through a key resistance level.
SUI’s Breakout Potential
Pal, boasting over 1.1 million followers on X (formerly Twitter), shared his bullish outlook on SUI, stating that it’s ready to “go into hyperspace” after surpassing its all-time high near $5. Since his prediction, SUI’s price has indeed climbed, reaching $5.28 at the time of this writing.
Solana (SOL) Also Looking Strong
Pal isn’t just focused on SUI. He’s also optimistic about Solana (SOL), showing a chart that suggests a breakout from a price channel. He believes SOL has flipped a previous resistance level into support and is now pushing through its all-time high. He simply stated that the long-term chart for SOL is “stupid bullish.” At the time of this writing, SOL is trading at $215.
Pal’s “Chosen One”
Pal has previously called SUI the “chosen one” in this market cycle, suggesting it could significantly outperform Solana. In a podcast interview, he explained his confidence in SUI, emphasizing that he waited for price action confirmation before publicly endorsing the project. He believes SUI’s recent outperformance against Solana, Ethereum, Bitcoin, and other tokens validates his prediction. While acknowledging Solana’s potential for success, he believes SUI has the potential to outperform it significantly. He clarified that this is a high-risk bet and not one to put all your eggs in one basket.
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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