Vision

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/raoul-pal-highlights-sui-altcoin-potential" data-wpel-link="internal" rel="noopener noreferrer nofollow">Raoul Pal Highlights Sui Altcoin Potential</a><br></p>
<p style="text-align: justify">Raoul Pal, CEO of Real Vision and a macro strategy expert, has brought attention to a promising smart contract altcoin project. Pal spotlighted the Layer-1 Blockchain Sui (SUI) through his X account, noting its intriguing price dynamics.</p>
<h2 id="how-does-sui-compare-to-solana">How Does Sui Compare to Solana?</h2>
<p style="text-align: justify">Pal expressed that he is evaluating all major altcoins for prospects similar to <a href="https://en.bitcoinhaber.net/deciphering-the-future-of-finance-etfs-and-blockchain-synergy" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a>‘s rise and views Sui as a potential candidate. He believes SUI shows early indications of outperforming other altcoins and could emerge as a leading contender.</p>
<p style="text-align: justify">The Real Vision CEO mentioned that Sui is nearing a significant breakout compared to Avalanche’s AVAX and is also recovering from a downtrend against Celestia (TIA). Additionally, SUI has started to reverse its downtrend against Bitcoin (BTC).</p>
<h2 id="what-are-the-risks-involved">What Are the Risks Involved?</h2>
<p style="text-align: justify">Despite its potential, Pal also cautioned about the risks associated with SUI. He pointed out that while token unlock events continue, the primary concern now is demand. Although the supply is established, demand remains the critical factor.</p>
<p style="text-align: justify">Pal noted that SUI has a high Fully Diluted Valuation (FDV), which might deter some <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. He stated, “I like finding where price movements have outpaced the current narrative.” High FDV altcoins typically have a large market value paired with a low initial circulating supply, posing a risk of significant <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> dilution.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<ul>
 <li>Raoul Pal highlighted the substantial potential of the Sui altcoin project.</li>
 <li>He views Sui as a Solana-like opportunity, showing signs of breaking out.</li>
 <li>Pal warned about the risks connected to SUI’s high FDV.</li>
</ul>
<p style="text-align: justify">In conclusion, while Sui shows promising signs and potential for significant growth, investors should exercise caution due to the risks associated with its high FDV and the critical role of demand in its future performance.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/raoul-pal-highlights-sui-altcoin-potential" data-wpel-link="internal" rel="noopener noreferrer nofollow">Raoul Pal Highlights Sui Altcoin Potential</a></h5>

Raoul Pal Highlights Sui Altcoin Potential

Table of Contents

BH NEWS

Other articles published on Aug 10, 2024

Market Maker Company Transfers This Altcoin to Cryptocurrency Exchange Binance

XRP Community Hit With Critical Warning — Here's What It Concerns

Celsius Network Sues Tether for $2 Billion Over Bitcoin Claims

Bitcoin: The Correction Completed, a Rally Towards the Highs?

Where to make Passive income?

Analysts Eye Key Bitcoin Support Levels for Market Moves

Join our free newsletter for daily crypto updates!