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Macro strategy expert and Real Vision CEO Raoul Pal highlighted the high potential of a new generation smart contract altcoin project. Pal drew attention to the Layer-1 Blockchain Sui (SUI) on his X account, noting that the altcoin is starting to look interesting in terms of price.
Sees Sui as a Solana-Like Opportunity
Pal said, “I am looking at all major altcoins for the next Solana-like opportunity, and Sui seems to be one of them.” According to him, SUI shows signs of breaking out against most altcoins and could be one of the fastest horses in the race.
The Real Vision CEO stated that Sui is on the verge of a significant breakout against another Layer-1 Blockchain’s core network asset, Avalanche’s AVAX. He also emphasized that SUI is starting to emerge from a downtrend compared to the decentralized network Celestia (TIA). Against Bitcoin (BTC), he said SUI has exited its downtrend.
Warned Against FDV Risk
On the other hand, Pal also spoke about the potential risks SUI might face. He noted that token unlock events are ongoing but the worst is behind, and the main issue is demand. Pal stated that supply is already known, but demand is the determining factor.
Pal mentioned that SUI is a high Fully Diluted Valuation (FDV) altcoin and some people do not like such assets. He said, “I like finding where price movements have outpaced the current narrative.”
For those who do not know, high FDV altcoins have a high market value with a low initial circulating supply, carrying significant dilution potential in the future. Pal serves as a board member of the Sui Foundation, which supports developers in the Sui Blockchain ecosystem.
