$SUI

Is SUI a Token You Should Invest in Today?

SUI against USDT has been making a significant bullish move for a few days now and many are wondering if they can still join the trend.

My answer is No! SUI has completed the bullish move resulting from the formation of a round bottom. Joining a bullish trend now is taking an unnecessary risk! A price correction is coming for SUI.

Traders who are riding profits from holding a LONG position should be locking in their profits already. If a confirmation to take a SHORT position comes into play, don't hesitate to do so.

Here are, however, important facts about the Sui project:

SUI is the native token of Sui, a layer-1 blockchain and smart contract platform that aims to provide fast, private, secure, and accessible digital asset ownership.

SUI has a total supply of 10 billion tokens, of which 1.1 billion are currently in circulation. SUI can be used for staking, paying gas fees, and as a liquid asset for various applications on the Sui network.

SUI is currently ranked #47 by market cap, with a price of $1.16 and a 24-hour trading volume of $45.6 million.

Sui is developed by Mysten Labs, a company founded by former executives and lead architects of Meta's Novi Research, the team behind the Diem blockchain and the Move programming language.

Sui claims to offer features such as horizontal scaling, composability, sparse replay, and on-chain storage, which enable parallel execution, sub-second finality, and rich on-chain assets.

Sui is one of the most promising layer-1 blockchains in the crypto space, with a vision to create a platform where creators and developers can build amazing, user-friendly experiences. 

A Take home:

After the impending correction, SUI might just be ready to hit a new ATH! I'll always be here to give updates!

You're welcome!

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