While the market has experienced a major rise in recent days, former Goldman Sachs executive and prominent cryptocurrency supporter Raoul Pal announced his latest predictions.
Raoul Pal, who shares from his X account, argued that memecoin Dogecoin could be on the verge of a major price increase.
Pal stated that during the period he called the “Great Banana Rotation”, altcoins named Dogecoin (DOGE) and Sui (SUI) could potentially experience a major rise.
“I think the next altcoins to stand out in the Great Banana Rotation are SUI and DOGE.”
The analyst explained what the “Banana Zone” was in cryptocurrencies in his post months ago. Accordingly, Pal stated that the banana zone is a market phase where prices are steadily increasing.
In his statement, Pal advocated investing in top assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). He advised investors to keep 90% of their portfolio in solid assets like BTC and top altcoins, and allocate 10% for riskier plays like meme coins.
I think next in the Great Banana Rotation is $SUI and $DOGE and probably that token that you hold too
— Raoul Pal (@RaoulGMI) November 22, 2024
*This is not investment advice.
