Raoul Pal (@RaoulGMI) landed the biggest comparison of the month, which the market wasn’t prepared for.
He shared his outlandish visions regarding Solana and Sui. The real Vision guy, who’s always pleaded with the market to be cautious, is going to great lengths to ask investors to bid on the two coins—Solana and Sui.
# Why He’s Optimistic About These Two Blockchains?
Both coins are emerging as the winners at layer 1. However, Solana vs. Sui would always be a classic debate, as the two tokens differ in architecture. If you’re into Solana, your main metrics would be the Proof of History and Proof of Stake.
In other words, you would expect low platform fees and better throughput. Therefore, the Solana platform attracts a promising volume of DeFi trade. The thrift and high-frequency NFTs also thrive on Solana’s platform. However, the biggest drawback of the platform is the frequent outages.
# Where Sui Stands Out
Sui is more suited for video games and Web3 applications. However, the nascent ecosystem keeps investors in check. Only a handful of partners and developers work on Sui’s platform. The market is still not sure about Sui’s broader adoption. So, the blockchain is behind Solana on a wide scale.
# After Raoul Pal’s Callout
Pal called Solana a “stupid bullish”. His cry was not vague, though. The claim was based on a logarithmic chart analysis. He spotted a major resistance around the $250 price mark. Since his prediction, Solana has lost traction and has fallen to a staggering $150 today.
For Sui, it was the same. The coin broke the resistance at $4.88 to reach a new high of $5.22. However, the price slumped to $1.71 before rebounding to $3.45 at press time.
# Where’s the Market Heading
Raoul Pal never asked the market to go all out. He clearly said there were chances that many tokens would flood the market in the first quarter of 2025.
In connection, he projected that the prices of existing tokens could suffer. Now we are witnessing the same. So, the market should follow a wait-and-watch policy for now!
