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Home»Analysis»Here is the most important chart in Crypto right now, according to former Goldman Sachs executive Raoul Pal
Analysis

Here is the most important chart in Crypto right now, according to former Goldman Sachs executive Raoul Pal

2024-11-19No Comments2 Mins Read
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Former Goldman Sachs director Raoul Pal thinks one chart is a critical representation of the current crypto market.

The CEO of Real Vision shares a graph with his one million followers on social media platform X comparing the layer-1 blockchains Sui (SUI) and Solana (SOL).

The macro guru shares a chart that suggests SUI is poised to outperform SOL.

“I keep staring at this map of SUI/SOL. Probably the most important chart in crypto right now to indicate the structure of the future market.”

Image
Source: Raoul Pal/X

SUI is trading at $3.71 at the time of writing. The 17th-ranked crypto asset by market capitalization is down more than 2% in the past 24 hours.

SOL is trading at $239.74 at the time of writing. The fourth-ranked crypto asset by market capitalization is up almost 1% in the past day.

Friend too mentions that he eventually plans to shift his proceeds to non-fungible tokens (NFTs) and Bitcoin (BTC) for digital art for preservation.

Also the CEO of Real Vision to call to action the crypto sector as a whole the largest macro trade.

“I still don’t understand why so many macro guys/girls are still messing around with interest rates, foreign exchange, precious metals, value investment commodities and emerging markets, while the biggest macro trade of all time is taking place.

$3 trillion >>>>>$100 trillion potential in 10 years.

Anything else is a waste of capital.”

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Generated image: Midjourney



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See also  Trader Who Called 2023 Crypto Rally Has 'Gut Feeling' on Bitcoin's Next Big Move
Chart Crypto Executive Goldman Important Pal Raoul Sachs
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