Former Goldman Sachs executive Raoul Pal thinks one chart is a critical representation of the current crypto market.
The Real Vision chief executive shares a chart with his one million followers on the social media platform X that compares the layer-1 blockchains Sui (SUI) and Solana (SOL).
[adinserter block="1"]The macro guru shares a chart suggesting that SUI is primed to outperform SOL.
“I keep staring at this chart of SUI/SOL. Probably the key chart in crypto right now to indicate the structure of the market ahead.”
SUI is trading at $3.71 at time of writing. The 17th-ranked crypto asset by market cap is down more than 2% in the past 24 hours.
SOL is trading at $239.74 at time of writing. The fourth-ranked crypto asset by market cap is up nearly 1% in the past day.
Pal also mentions that he eventually plans to shift his proceeds into digital art non-fungible tokens (NFTs) and Bitcoin (BTC) for preservation.
The Real Vision CEO also calls the crypto sector as a whole the biggest macro trade.
“I still don’t understand why so many macro guys/girls still mess around in rates, foreign exchange, precious metals, ‘value investing’ commodities and emerging markets when the biggest macro trade of ALL TIME is happening.
$3 trillion >>>>>$100 trillion potential in 10 years.
Everything else is a waste of capital.”
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
