Raoul Pal Sees SUI Becoming a Top 5 Crypto: Can It Reach $22? 🚀
Raoul Pal, Founder and CEO of Real Vision, believes Sui (SUI) has the potential to become a top-five performer in 2025, despite a mixed first half of the year. 🔮
Key Points:
- SUI's Price Action: After reaching $5 in January, SUI faced headwinds in Q1, resulting in a 44% loss. However, it recovered 17% in Q2, and Pal expects further gains in H2.
- Long-term Outlook: Pal projects SUI to consolidate below $3.5 before a potential breakout if Bitcoin (BTC) reaches a new all-time high. He believes SUI will outperform and remain in the top 5 majors in this cycle.
- Potential Market Cap: According to CoinGecko, if SUI reaches Solana's (SOL) market cap of $77B, it could be valued at $22.9, a significant 8x increase.
SUI vs. SOL:
- Ratio Analysis: SUI has underperformed SOL by 26% since May, but could rebound if the SUI/SOL ratio defends 0.016. A potential 50%+ rebound is possible if the ratio holds its critical support at 0.0158.
DeFi Growth:
- DEX Volume: Sui's monthly DEX volume surged to $11 billion in April, driven by broader market recovery and memecoin mania in the Sui DeFi ecosystem.
Will SUI reach its $22 potential? 🤔 The future looks promising, but it's essential to monitor market trends and developments.
#SUI🔥 💫🫶🏻
