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Raoul Pal, economist and CEO of Real Vision, highlights one smart contract-enabled blockchain token that he believes has great potential.
friend He says 1 million followers on social media platform X which is the native token of the layer 1 blockchain Sui (Switzerland“It’s starting to look very interesting from a price perspective.”
“…I’m looking at all the major tokens for the next Solana opportunity regardless, and this [Sui] Looks like one of them to me.
According to the macroeconomist, SUI “shows signs of outperforming most tokens” and is “one of the fastest potential horses in the race.”
friend He says Sui is about to collapse when paired with the native token of the layer 1 Avalanche blockchain (Avax).
Against Celestia (Tia), a decentralized network focused on reducing the cost and technical hurdles of blockchain deployment, Pal He says The SUI indicator is also coming out of the downtrend.
When paired with Bitcoin (Bitcoin), macroeconomist He says The SUI indicator has already broken out of the downtrend.
Regarding the potential downside risks facing SUI, the macroeconomist says: He says,
“Yes, there are unlocks, but the worst is over, and the reality is that the game is about demand, not supply. Supply is known, and demand is the deciding factor.
Yes, it is a high FDV coin and some people don’t like it. I like to find places where price action overcomes the current narrative.
High FDV crypto assets have a high valuation but a low initial circulating supply, indicating the potential for significant dilution in the future.
Pal is a board member From the Sui Foundation, an entity tasked with supporting and empowering developers in the Sui blockchain ecosystem.
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