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Did you know? Sui has much higher scalability than other mainstream blockchains like Ethereum and Solana. Sui is capable of handling a maximum Transactions Per Second (TPS) of 297,000 otherwise Ethereum maximum transaction is 100,000 Imagine you are in a restaurant where there is only one cook, it basically means the time taken for cooking will be longer. The cooking time of food can be slow and especially during high traffic times, there might be a huge waiting time. And hence, they would be delivering far fewer orders per unit of time. This is how legacy blockchains like Ethereum work Now imagine each individual’s order is assigned to different cooks who work independently of each other. This would speed up the order processing time substantially and hence deliver many more orders per unit of time. This is one reason why TPS is higher in Sui. #SUI🔥

Did you know?

Sui has much higher scalability than other mainstream blockchains like Ethereum and Solana. Sui is capable of handling a maximum Transactions Per Second (TPS) of 297,000 otherwise Ethereum maximum transaction is 100,000

Imagine you are in a restaurant where there is only one cook, it basically means the time taken for cooking will be longer. The cooking time of food can be slow and especially during high traffic times, there might be a huge waiting time. And hence, they would be delivering far fewer orders per unit of time. This is how legacy blockchains like Ethereum work

Now imagine each individual’s order is assigned to different cooks who work independently of each other. This would speed up the order processing time substantially and hence deliver many more orders per unit of time. This is one reason why TPS is higher in Sui.

#SUI🔥

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BTC & ETH Are going up and high very soon On May 31, 69,000 Bitcoin options worth $4.7 billion and 920,000 Ether options worth $3.5 billion expire. The expiry of crypto options contracts is historically linked to price volatility in the crypto market.  According to the Derbit data, the put/call ratio for the expired Bitcoin options is 0.61. This means more calls (or long contracts) are expiring than puts (or shorts). On the other hand, Ether options had a put/call ratio of 0.46. The put/call ratio (PCR) is a technical indicator that reflects trader market sentiment. A PCR below 0.7 is considered a strong bullish sentiment, while a PCR above 1 is considered a strong bearish sentiment. Max pain for Bitcoin at $66,000, ETH at $3,300 The maximum pain point at which most losses will be made by the leverage traders for Bitcoin is $66,000. For ETH, the max pain point is $3,300. BTC is currently trading at $68,210, $2,000 above the pain point, and ETH is trading at $3,738, more than $400 above its pain point.  Millions in open interest (OI) are in long positions with strike prices at $70,000, $75,000, $80,000, and even $100,000. Open interest refers to the total number of outstanding derivative contracts that have not been settled. A few traders have placed long positions on Bitcoin with a target price of $100,000. With $886 million in open interest (OI) at this strike price, the number of long positions appears significant. The total notional value of all outstanding BTC options contracts amounts to $19 billion. Post-spot ETH approval hangover The spot ETH ETF approval by the Securities and Exchange Commission (SEC) in May was a significant and bullish event for the crypto market. ETH prices rose 20% in May in anticipation of the approval. However, the SEC only approved the 19b-4 filing, thus delaying the actual listing for trading. Since the ETH ETF approval, the crypto market has shown a bearish sideways movement, with ETH stuck below $4,000 and BTC below the $70,000 price barrier. $BTC $ETH #WriteFreeEarn2024 #ETHETFsApproved #altcoins
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