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Here’s the Key Chart in Crypto Right Now, According to Former Goldman Sachs Executive Raoul Pal

Here’s the Key Chart in Crypto Right Now, According to Former Goldman Sachs Executive Raoul Pal

Daily HodlDaily Hodl2024/11/18 16:00
By:by Daily Hodl Staff

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.”

Here’s the Key Chart in Crypto Right Now, According to Former Goldman Sachs Executive Raoul Pal image 0 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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Generated Image: Midjourney

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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