Everyone is wondering whether SUI can take off and how high it can rise. Let me give you a detailed account of the investment research report and the story behind SUI, which may give you some inspiration.
SUI is a rising star in the Web3 world. It uses Move as the underlying language. It is different from many public chains on the market, such as ETH, and takes a unique route. The total amount of this coin is 10 billion, and only 26.8% is currently in circulation on the market, which means that there are still more than 7 billion that have not been released. Even though it has not been fully circulated, the market value has soared to 17 billion, almost catching up with the level of the world's top 500 companies.
The team behind it is very powerful, and it is from Facebook's Libra team. Back then, Facebook wanted to develop the Libra stablecoin, but the Americans did not approve it, so these people started a new business and created SUI. The financing ability is also very good. It was incubated by Binance itself, and the world's top venture capital institutions have invested in it.
Let's talk about the buying and selling points that everyone is most concerned about. From the monthly chart, if the price pulls back to the third bottom, you can consider entering the market. From 0.48 upwards, it is estimated that it can reach the range of 0.5 to 0.8. As for whether it can set a new high and exceed the previous 2.189, it depends on how the institutions and project parties release the more than 7 billion coins. The market pressure is not small. The cost of market makers is about 0.6. How much they want to earn, the coin can rise as much as they want.
But we have to be sober and don't always think about a tenfold or a hundredfold surge. That era is over. In the past, the market was small and it was easy to speculate to the sky; now the capital pool is deep and people will run away after making a little profit, and they won't fight so hard.
Some novice friends may not have experienced the madness of the bull market. You can go and see the trend of AXS. When the bull market comes, retail investors can eat big meat with the increase. But now in this market, it is good for new coins to rise by 10%.
When I came back from the blockchain conference in Japan and South Korea, I also found that the SUI market was developing rapidly, so we set up an ambush in advance. We started to lay out our positions around 0.5. Although we did not have a heavy position at the beginning, we gradually increased it later. Some students entered the market around 0.74.
There are always risks in the currency circle. Even the best investment research can make mistakes, and even the best K-line technology can make mistakes. The key is to control the position, formulate a good strategy, make less losses and more profits, and slowly accumulate the odds of winning.
