A company that is changing the way the world mines bitcoin

The Daily Hodl 2024-12-29 12:45:38

‘Super Strong’ XRP About To Get Outperformed by This Solana Killer, Warns Ex-Goldman Sachs Executive

Macro guru Raoul Pal says that despite XRP looking very strong, one Solana ( SOL ) killer is set to outperform it. In a new strategy session, Pal takes a look at Sui against XRP ( SUI /XRP) and suggests that the trading pair is in a long-term ascending channel and has already touched the bottom range, implying that a move to the upper level is now in play. “Another interesting chart that I quite like is XRP [which] has been super strong, but really, what we’ve seen is the upward trend of SUI outperformance. We hit the bottom of the trend channel and we’re likely to outperform XRP going forward again in that ongoing relative outperformance. That’s not to say XRP goes down, I’m just giving you the perspective of these cross-rates to understand the nuance of markets.” Source: Raoul Pal/YouTube The Real Vision CEO says that something similar is happening on the SUI/SOL chart. According to Pal, SUI/SOL has completed an inverse head and shoulders on the weekly chart and is in the midst of confirming a breakout after printing the second shoulder. “The other thing that I look at is I look at the cross rates between various cryptos to try and pick the strongest one. I’ve already shown that Solana is very strong, and to expect it to keep going higher. But when I compare SUI against Solana, it’s starting to break out from this inverse head and shoulders pattern, which suggests to me, that I would switch more assets from Solana into Sui. That’s not saying Solana is going to go down. In fact, I think Solana does extremely well and you should be overweighted there because it is a second cycle, more proven protocol while SUI is newer and riskier. But It looks like the alpha is going to come from the new token, the new performer of SUI.” Source: Raoul Pal/YouTube At time of writing, SUI is trading at $4.18. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Super Strong’ XRP About To Get Outperformed by This Solana Killer, Warns Ex-Goldman Sachs Executive appeared first on The Daily Hodl .

Наиболее читаемые новости

Looking for Smart Investments? These Are the...
2025-01-04
Congress Tackles Crypto Regulations: What’s N...
2025-01-04
POPCAT Shows Potential for 25% Surge Amid Ris...
2025-01-04
DOGE Whale’s $145 Million Bet on Dogecoin, Wh...
2025-01-04
Who’s Selling Bitcoin? Top Analyst Uncovers O...
2025-01-04
Bitget Launches New Year Futures Perks: Up to...
2025-01-04
Dogecoin Price Prediction 2024-2030 Could Thi...
2025-01-04
ETH Whale Increases Short Position with $5M U...
2025-01-04

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения