Vision

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/raoul-pal-highlights-high-potential-altcoin-project/" data-wpel-link="internal">Raoul Pal Highlights High Potential Altcoin Project</a> 
Macro strategy expert and Real Vision CEO Raoul Pal highlighted the high potential of a new generation smart contract <a href="https://en.coin-turk.com/how-to-buy-ethernity-chain-coin/" data-wpel-link="internal">altcoin</a> 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. 
<h2 style="text-align: justify" id="strong-sees-sui-as-a-solana-like-opportunity-strong">Sees Sui as a Solana-Like Opportunity</h2> 
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. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378607" src="https://coin-turk.com/wp-content/uploads/2024/08/SUI-Avax.jpeg" alt="" width="2048" height="1347"> 
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. 
<h2 style="text-align: justify" id="strong-warned-against-fdv-risk-strong">Warned Against FDV Risk</h2> 
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 <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> value with a low initial circulating supply, carrying significant dilution potential in the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. Pal serves as a board member of the Sui Foundation, which supports developers in the Sui Blockchain ecosystem. 
<ul class="Summary"> 
 <li>Raoul Pal highlighted the high potential of the Sui altcoin project.</li> 
 <li>He sees Sui as a Solana-like opportunity with breakout signs.</li> 
 <li>Pal warned about the risks associated with SUI’s high FDV.</li> 
</ul> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/raoul-pal-highlights-high-potential-altcoin-project/" data-wpel-link="internal">Raoul Pal Highlights High Potential Altcoin Project</a></h5>
The post <a href="https://en.coin-turk.com/raoul-pal-highlights-high-potential-altcoin-project/" data-wpel-link="internal">Raoul Pal Highlights High Potential Altcoin Project</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Raoul Pal Highlights High Potential Altcoin Project

Table of Contents

COINTURK NEWS

Other articles published on Aug 10, 2024

Popular Crypto Analyst Highlights Top 9 Reasons To Be Bullish Now

U.S. vs. Russia: Trump and Putin Race for Bitcoin Mining Dominance

Mogcoin (MOG) Price Jumped Over 15%: Can It Rally More?

Chatgpt Predictions for Bitcoin: When Will The BTC Price Hit A New ATH?

Harga Shiba Inu Naik Setelah Burn Rate Meroket 137.000 Persen

City of Santa Monica Launches Bitcoin Office, Plans October Festival

Join our free newsletter for daily crypto updates!