The world of blockchain technology is constantly evolving, with new players emerging as major forces to reckon with. One such player that is catching the attention of macro guru and Real Vision CEO Raoul Pal is Sui (SUI), a layer-1 blockchain that is making waves in the industry.
Pal, with his one million followers on the social media platform X, is touting Sui as a potential game-changer in the blockchain space. He believes that Sui is positioning itself to be one of the key players in the industry, if not the top contender. With bullish signals, technological upgrades, and increasing adoption, Pal urges people to keep a close eye on Sui.
One of the bullish signals that Pal points out is Sui’s breakout of an inverse head and shoulders pattern. This, coupled with its relative strength compared to other top tokens like SOL, indicates a promising future for Sui in the market.
On the fundamentals driving his bullish thesis on Sui, Pal highlights the recent Mysticeti upgrade, which brought sub-one second finality, making it the fastest chain in terms of transaction speed. The upcoming Pilotfish upgrade is expected to further enhance the transaction processing capabilities of Sui, surpassing even industry giants like Solana.
In terms of its long-term goals, Sui is aiming to revolutionize the internet for Web3 applications. From zero-knowledge logins to decentralized storage protocols like Walrus, Sui is building a scalable infrastructure that can support large-scale use cases like those seen on platforms like Facebook/Meta.
Pal also sees potential for Sui in the gaming sector, with the recent announcement that Circle will be issuing the USDC stablecoin on the platform. While Sui has made significant strides, Pal emphasizes that it is still in the early stages of development, and its success will ultimately depend on the successful applications built on top of its tech stack.
As of now, Sui is trading at $1.18, showing a 53% increase in value over the past two weeks. With its innovative technology and ambitious goals, Sui is definitely a project to watch in the ever-evolving blockchain landscape.
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