Macro guru Raoul Pal says he’s betting on an altcoin he believes could overtake Solana (SOL) in the current crypto market cycle.
In a new interview with Kevin Follonier on the When Shift Happens podcast, the former Goldman Sachs executive says Solana and its ecosystem look extremely healthy and likely a “relatively safe” place to park capital for the asset’s bull run digital.
However, Pal says the Sui Layer 1 (SUI) blockchain is showing signs that it may be ready to overtake SOL.
“I’m sure (Solana) will do great, I only see success in this channel and positive vibes. The question is whether the ‘next chosen one’ surpasses him so significantly that you will be forced to ‘accept this transaction, which is much riskier. So it’s not the bet I would ask people to make in full size.
For me, it’s SUI, and it’s not because I’m on the foundation, but it’s because – I could have talked about this forever because I was on the foundation, but I don’t didn’t do it. I waited to see the price confirmation action, that is, this general outperformance started against Solana, ETH, Bitcoin, and then each token started to break out.
At that point, I felt comfortable saying, “Look, this one might be the one.” »
Sui is built using the Move programming language, originally created by tech giant Meta for its now-defunct crypto project. With the experience of Sui and its experienced developers, Pal says he was confident in supporting the project, convinced that if anything had a chance of succeeding, it would be SUI.
At the time of writing, SUI is trading at $3.84, up almost 100% this month.
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