Here’s the Key Chart in Crypto Right Now, According to Former Goldman Sachs Executive Raoul Pal
Former Goldman Sachs executive Raoul Pal thinks one chart is a critical representation of the current crypto market.
The Real Vision chief executive shares a chart with his one million followers on the social media platform X that compares the layer-1 blockchains Sui (SUI) and Solana (SOL).
The macro guru shares a chart suggesting that SUI is primed to outperform SOL.
“I keep staring at this chart of SUI/SOL. Probably the key chart in crypto right now to indicate the structure of the market ahead.”
Source: Raoul Pal/X
SUI is trading at $3.71 at time of writing. The 17th-ranked crypto asset by market cap is down more than 2% in the past 24 hours.
SOL is trading at $239.74 at time of writing. The fourth-ranked crypto asset by market cap is up nearly 1% in the past day.
Pal also mentions that he eventually plans to shift his proceeds into digital art non-fungible tokens (NFTs) and Bitcoin (BTC) for preservation.
The Real Vision CEO also calls the crypto sector as a whole the biggest macro trade.
“I still don’t understand why so many macro guys/girls still mess around in rates, foreign exchange, precious metals, ‘value investing’ commodities and emerging markets when the biggest macro trade of ALL TIME is happening.
$3 trillion >>>>>$100 trillion potential in 10 years.
Everything else is a waste of capital.”
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The post Here’s the Key Chart in Crypto Right Now, According to Former Goldman Sachs Executive Raoul Pal appeared first on The Daily Hodl.