Raoul Pal
Raoul Pal

@RaoulGMI

11 Tweets 9 reads Aug 08, 2024
Sui $SUI is the groundbreaking ultra-fast L1, super efficient, full blockchain ecosystem that came out of Meta's Diem project.
The idea is that it is built for the scale of 4 billion people... i.e turning Web2 > Web3 1/
I have been looking for signs of the next big L1 mover by looking at the relative charts of many compared to each other and have mentioned this methodology on many podcasts....
$SUI is starting to look very interesting from a price perspective, although still early and unconfirmed, it is showing signs of breaking out against most tokens.
This is SUI/USD...
SUI/APTOS (Aptos is the other L1 built with the MOVE language that came out of Meta)...
SUI/AVAX...a breakout looks imminant too...
SUI/TIA... another new cycle coin. Sui is breaking out
SUI/NEAR... it looks like it might have based...
SUI/BTC... a small breakout from the base...
SUI/SOL ... still has work to do but is super interesting
Anyway, it is firmly on my radar screen as one of the potential fastest horses in the race.
As a caveat - I sit on the board of the Sui Foundation so you can discount this post if you like. That is fine...
but Im looking at ALL major tokens for the next SOL type opportunity regardless, and this strikes me as one of them.
Yes, there are token unlocks but the worst has passed and really the game is about demand, not supply. Supply is known, demand is the swing factor.
Yes, it is a high FDV coin and some people don't like them. I like to find places where current narrative is overpowered by price action.
Anyway, Im thinking out loud here and showing you how I look for opportunity. Nothing to do yet but monitor how these charts progress over the coming weeks.
And no, I was not paid to post this and no, I am not selling my tokens but looking to add if confirmed, dear Troll!

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