The interest rate cut is coming, and everyone has seen the increase in Sui in the past few days. It is worth our layout and holding! Today's article will increase your chances of getting rich by 80%. Without further ado, start reading the introduction below!
The first thing to say is that SUI is one of my best L1 bets this cycle.
The more I learn about its ecosystem and development, the more I feel SUI is poised for a parabolic run.
👇
SUI reminds me of the early days of SOL.
Just like SOL, SUI also has
First,
Technologically, Sui is the fastest layer 1 blockchain with a latency of only 390 milliseconds!
second,
The first to receive support from the industry's top companies was Grayscale Investments, which announced on August 7 that it would begin offering two new crypto funds, including Sui
third,
TVL, number of users, and transaction volume continue to grow, with impressive data. It is a rare L1 project that has emerged recently.
fourth,
Listed on top exchanges, including Binance, OKX, and Zhima
Supported by top industry players
- SUI raised $385.37 million in various funding rounds
- This is also a Binance Launchpool project
- SUI backers include Binance Labs, Coinbase Ventures, Circle, a16z, and many other top industry players.
The ecosystem continues to grow
- From less than $12M TVL in mid-2023 to over $622M TVL today, the growth of the SUI ecosystem has been phenomenal.
- Although SUI is down 58% from its ATH, SUI TVL is down only 17%, which shows that users are still staying.
- At the same time, its ecosystem is experiencing incredible growth, and now the TVL of 4 SUI protocols is worth more than $90 million. As shown below 👇
Listed on major exchanges
- SUI is available on all major global exchanges, from Binance to Coinbase to Upbit.
- Price appreciation requires good liquidity, and SUI has such liquidity.
- In addition, Upbit has been one of the top three exchanges in SUI, which shows that Koreans are betting on it.
But there is also a major concern about Sui.
- SUI token unlocking will happen every month.
- 1.14 billion SUI tokens worth $1 billion (at current prices) will be unlocked from next month until December 2025.
- In an uptrend, these unlocks will not have much impact, but if the market goes sideways or undergoes some correction, the SUI price may drop sharply.
- A similar thing happened with SOL and AXS in the last cycle, they tanked during the bull market, but when the bear market came, they fell another 95%-98%.
All of the above are the reasons why Sui is about to explode, which deserves our attention! The only thing that can stop it from rising a hundredfold is time.
Although it is not very interesting now, the trading market always follows the 80/20 rule. The hotter it is, the more people will criticize it. Never underestimate it. I remember that both Sol and FTM came through this way.
What the cryptocurrency world never lacks is opportunities. What it lacks is your ability to discover its value and hold on to it. Spot trading is nothing more than exchanging time for space. Identify the currencies you like and invest in them for the long term!
The bull market is getting closer and closer to us. If you sell at a loss when the market starts, this is why you can’t make any money. Keep your mind steady and make friends with time!
Leave a comment in the comment section about the currency you like and I will analyze it. Give a like + follow, and let's make our own fortune in this bull market together.
