SUI, Salah tau coin that is moving super uptrend in this bull run market.
Just from the chart, if we look at it, it has soared very high like that. In the midst of other coins, many have not reached their All Time High, but SUI is already going full throttle in this bull run!!
This makes me curious… what is SUI? What are some interesting coins that are related to SUI so that you can get opportunities in other coins.
I'll try to share about SUI!
Oh yeah!! Before we discuss further,
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SUI is a Layer-1 blockchain that uses the Move programming language, the SUI Blockchain offers a highly scalable and efficient infrastructure for decentralized applications. The Sui Blockchain is designed to address common scalability challenges faced by other blockchains, namely transaction processing time and fees, with an average transaction processing time of 400 milliseconds and the ability to handle nearly 300,000 transactions per second.
This scalability, combined with low transaction fees, makes Sui an ideal platform for memecoins and other blockchain applications. The network’s ability to process transactions quickly and cheaply makes SUI attractive to developers and users, contributing to the rapid expansion of its ecosystem. Sui’s focus on high performance, coupled with recent integrations such as USDC support, and efficient programming languages further strengthen its potential as a leading blockchain in the DeFi and crypto markets.
Currently, if we look at coinmarketcap, then SUI is ranked 14th coin with the largest market cap in the world. This means that the potential is very large for sui to crawl to the top ranks if the marketcap, use-case of sui is getting better. It is not impossible for SUI to break through the 10th rank in the future.
Let's discuss the technical aspects of SUI itself, then we will look at its ecosystem.
In terms of movement, SUI is currently in a sideways position. The movement of SUI needs to be observed further, whether it will be corrected or it will re-test its resistance in the 3.5 area. Then, if SUI manages to break its resistance, SUI will re-enter the all time high phase or price discovery area.
Technically, it's really interesting in my opinion, especially in this bull run market phase! Those of you who are on Binance, I think it's mandatory to include SUI in your watchlist.
Now, we will try to take a look at the interesting coins in the SUI ecosystem.
Some of these coins are still in the “seeding” stage so they have not been launched on Centralized Exchanges like Binance. However, it’s okay! We will try to see how they perform on Decentralized Exchanges first so that when they are released on CEX, we are ready to make the coin our watchlist!
The first coin, HIPPO. Hippo is a coin in the SUI ecosystem that is quite booming on the Decentralized Exchange. This coin also has a fairly large market cap, which is 190 Billion USD!
In terms of the chart, the HIPPO coin forms a rounding bottom with a target reward of up to the 0.035 area. This is quite interesting to look at, especially since it is currently being corrected so those of you who are interested can monitor it to buy on weakness.
The next coin is SUICY. Where this coin has interesting technicals:
It is like HIPPO, but because suicy is still new, it is quite prone to volatility.
The next coin in the SUI ecosystem is BLUB.
This coin is interesting on a daily basis! because it is in a phase of testing its all-time high resistance which has not been penetrated for now. It is very natural that BLUB is currently being corrected because it is a fairly strong resistance there.
The last coin I want to share here is AAA. This coin is a coin with a cat image that was popular a while ago in the community. Technically it is also very good because a few days ago it just broke through its all-time high!! If there is a correction, it could be an opportunity to find a position on the bullish side.
These are some coins that I find interesting in the SUI ecosystem. Keep in mind, that because this is on DEX, the risk will be very high so it needs good money management. Hope it is useful!