馃憫SUI Will Outperform XRP and Solana in the 2025 Bull Run: Raoul Pal馃憫
Sui Network (SUI) is gearing up for a significant event on January 1, 2025, when nearly $300 million worth of its native token will be unlocked. This is part of Sui鈥檚 regular monthly process, which increases the circulating supply and can impact investor holdings and market dynamics.
Despite a 5.31% drop over the past week, SUI has been performing strongly overall. The token surged by 31.25% in the past month, reaching an all-time high (ATH) of $4.93, up from under $1. Currently priced at $4.26, it has achieved an impressive one-year gain of 413%, outpacing XRP鈥檚 250% gain.
Analysts predict that SUI could rise by another $5 in the coming months, with the potential for even higher gains.
With its strong performance, many investors are asking whether SUI is the right choice for profit-taking. Let鈥檚 take a closer look at its growth potential.
Raoul Pal鈥檚 Bullish Outlook for SUI
Raoul Pal, CEO of Real Vision, is optimistic about SUI鈥檚 future, believing it could outperform major players like XRP and Solana (SOL) in the upcoming bull run. He points to SUI鈥檚 breakout from an inverse head-and-shoulders pattern as a sign of its potential for growth. Based on Pal鈥檚 analysis, many expect SUI to reach above $5 by Q1 2025, with some even predicting higher levels.
