Real Vision CEO Raoul Pal, who stated in his previous statements that he was turning to altcoins rather than Bitcoin, announced the altcoin for which he expects an explosive rise.
In a recent video, he claimed that SUI will outperform many altcoins throughout the remainder of the bull run.
The famous millionaire said that SUI will outperform XRP and Solana (SOL) in the coming months, leaving both of them behind.
Following this rise expectation, Pal stated that there was a bullish pattern in the SUI chart, and that an inverse Head and Shoulders pattern was formed in the SUI chart. According to Pal, this pattern indicates a significant rise potential.
While Pal noted that confidence in Solana remains and that Solana continues to strengthen, he argued that shifting some of the investment from Solana to SUI could yield better returns.
“Solana is the more proven, second cycle protocol and is likely to perform well,
But SUI, which is newer and riskier, looks set to explode at this stage of the market.”
On the SUI-XRP comparison, Pal said, “We have reached the bottom of the trend channel for SUI and it is likely to outperform XRP from now on.”
However, the famous name stated that this prediction does not mean that XRP will fall, but that SUI will provide better returns to its owners.
While Pal believes SUI will outperform, he also acknowledged XRP’s bullish potential, saying, “XRP’s weekly chart has broken the 7-year giant wedge and it’s unclear where this could go. Very strong.”
*This is not investment advice.
