Former Goldman Sachs executive and Real Vision CEO Raoul Pal shared an important observation about the modern cryptocurrency market. In a post on platform X, he presented a chart comparing two layer one blockchains: Sui (SUI) and Solana (SOL), noting it as key to understanding the structure of the crypto market.
SUI vs. SOL: A New Look at Prospects
According to Pal, the chart of the SUI/SOL pair may predict upcoming changes in the balance of power between these blockchains:
"I can't take my eyes off this SUI/SOL chart. It is probably the key chart in the cryptocurrency space right now, showing the market structure for the future."
- #SUI is trading at $3.71, ranking 17th by market capitalization, but shows a decline of 2% in the last day.
- SOL is trading at $239.74, remaining the fourth largest cryptocurrency, with a 1% increase over the same 24 hours.
Future investments: NFT and bitcoin
Raoul Pal also noted that he plans to convert his earnings into NFT and bitcoin ( $BTC ) for long-term capital preservation in the future.
Cryptocurrencies are the largest macro deal
Pal calls the crypto market the largest macroeconomic opportunity:
"I don't understand why macroeconomists are still focused on currency exchange rates, precious metals, and commodities when the largest macro deal of all time is before us. $3 trillion can now turn into $100 trillion in 10 years."
His forecast emphasizes the huge potential of the cryptocurrency industry and its growing role in the global economy.
Conclusion
Raoul Pal's analysis urges investors to view $SUI and $SOL as indicators of current and future trends in the cryptocurrency market. This perspective reinforces the belief that the crypto sector continues to be a key area for long-term investments.
