‘Pay Attention to Sui’ – Macro Guru Raoul Pal Says Solana Rival Looking Like ‘The Chosen One’ Amid Bullish Signals
Macro guru and Actual Imaginative and prescient CEO Raoul Pal is highlighting a layer-1 blockchain that he sees changing into a significant pressure to reckon with.
Pal tells his a million followers on the social media platform X that Solana (SOL) competitor Sui (SUI) is “acting like it is going to be one of the key Chosen Ones of the major new chains, if not THE Chosen One.”
In accordance to the Actual Imaginative and prescient CEO, individuals ought to “pay attention to Sui” amid bullish alerts, technological upgrades and rising adoption. Pal says one of many bullish alerts Sui is flashing consists of breaking out of an inverse head and shoulders sample.
“But more importantly, it has broken the downtrend vs SOL (and all the top 20 tokens). Its relative strength in a sideways market is worth paying attention to.”
On the basics informing his bullish thesis on Sui, the macro guru says,
“Speaking of the tech stack, Mysticeti improve introduced sub-one second finality (quickest of all chains) and the approaching Pilotfish will supposedly deliver transactions per second (TPS) that scales even past Solana Firedancer.
However what are Sui/Mysten Labs making an attempt to obtain?
Principally, they’re making an attempt to rebuild the web, brick by brick for Web3. It’s constructed to scale to Fb/Meta measurement use circumstances (3 billion-plus)…
…from zero-knowledge (ZK) logins to the approaching Walrus decentralized storage protocol.”
According to Pal, gaming is a possible area of interest that Sui may reach and the announcement that Circle might be issuing the USDC stablecoin on the platform Is “another good step.”
The Actual Imaginative and prescient CEO, nonetheless, says,
“But SUI is still in its early innings and the proof will have to be in successful applications that scale built on top of the tech stack.”
Sui is buying and selling at $1.18 at time of writing, up by round 53% in two weeks.
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