Raoul Pal, CEO of Real Vision and a macro-guru who specializes in blockchain technology with smart contracts enabled, highlights a token he thinks has great potential.
Pal informs his 1 million social media followers that Sui, the native token for the layer-1 Blockchain (SUI), is starting to “look very interesting in terms of price.”
“… I’m looking for ALL major tokens to be used in the future Solana type opportunity, and [Sui] is one that strikes me.”
The macro-guru says that SUI “shows signs of breaking against most tokens,” and “is one of the fastest horses” in the race.
Pal believes that Sui will break out in the near future when it is paired with the native token Avalanche, a layer-1 blockchain.
Pal claims that SUI has also broken out of a downward trend.
The macro-guru claims that SUI, when compared to Bitcoin (BTC), has already broken from a downward trend.
The macro-guru explains the downside risks to SUI.
The game really isn’t about supply, but demand. Demand is more important than supply.
It is true that it has a very high Fully Diluted Valuation. However, some people do not like these coins. The price action is often more important than the narrative.
The high value of a crypto asset with a low supply indicates that there is dilution potential in the future.
Pal is on the board of directors at the Sui Foundation. This entity has the responsibility to support and empower builders within the Sui Blockchain ecosystem.
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Sources of Images include Pixabay Creative Commons & Midjourney
This article This Layer-1 Altcoin presents Solana-like opportunity, could be one of the fastest horses in the race: Raoul Pal can be updated as new information becomes available.
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