Macro expert Raoul Pal has indicated that the new cryptocurrency SUI may surpass XRP. Pal emphasized the potential of SUI and noted that this digital asset requires careful monitoring in the long term.
Performance Comparison Between SUI and XRP
Raoul Pal analyzed the trading pair of SUI against XRP. He stated, “The Sui/XRP parity is moving within a long-term rising channel and is currently at lower levels. This situation indicates the high performance that the parity could produce in the coming period.”
Additionally, Pal pointed out that SUI appears to be ahead of XRP, suggesting that this potential indicates SUI could reach higher levels in the near future. He mentioned the importance of investors closely following these charts.
Competition Between SUI and Solana
Raoul Pal expressed that SUI could emerge not only against XRP but also against Solana $194. “In the SUI/SOL parity, a reverse head and shoulders formation is completing on the weekly chart. This formation typically signals a significant upward trend. Upon confirmation, I expect SUI to make important gains against Solana,” he stated.
Pal believes that Solana will continue to remain strong and will be a significant player in the long run. However, he also mentioned that the new token SUI could provide substantial “alpha” for investors. “I am considering reallocating some assets in my portfolio from Solana to SUI,” he highlighted.
Current Status and Recommendations for Investors
At the time of publication, SUI was trading at around $4.18. Raoul Pal’s analyses suggest that SUI holds serious potential in the upcoming period. However, he advised investors to remain cautious, stating, “Proven protocols like Solana always carry less risk. Nonetheless, new tokens like SUI present diversification opportunities for bold investors.”
The dynamics of the cryptocurrency market allow investors to reassess their portfolios. Therefore, closely monitoring market movements and valuing expert analyses can provide a strategic advantage.