Former Goldman Sachs director Raoul Pal thinks one chart is a critical representation of the current crypto market.
The CEO of Real Vision shares a graph with his one million followers on social media platform X comparing the layer-1 blockchains Sui (SUI) and Solana (SOL).
The macro guru shares a chart that suggests SUI is poised to outperform SOL.
“I keep staring at this map of SUI/SOL. Probably the most important chart in crypto right now to indicate the structure of the future market.”
SUI is trading at $3.71 at the time of writing. The 17th-ranked crypto asset by market capitalization is down more than 2% in the past 24 hours.
SOL is trading at $239.74 at the time of writing. The fourth-ranked crypto asset by market capitalization is up almost 1% in the past day.
Friend too mentions that he eventually plans to shift his proceeds to non-fungible tokens (NFTs) and Bitcoin (BTC) for digital art for preservation.
Also the CEO of Real Vision to call to action the crypto sector as a whole the largest macro trade.
“I still don’t understand why so many macro guys/girls are still messing around with interest rates, foreign exchange, precious metals, value investment commodities and emerging markets, while the biggest macro trade of all time is taking place.
$3 trillion >>>>>$100 trillion potential in 10 years.
Anything else is a waste of capital.”
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Generated image: Midjourney