Best Cryptocurrencies to Invest in 2024
Sui is a Layer 1 dark horse that I am very bullish on. It has not received a lot of attention from influencers compared to Pepe and Ondo. Its price performance is in sync with Aptos and Sei. However, Sui is much better than these alternatives. I have spent a lot of time in different ecosystems and I like several unique attributes of Sui.
The backers behind Sui are former Facebook employees who worked on the Diem stablecoin project. This gives them a competitive advantage in creating an ecosystem that combines the convenience of Web2 with Web3.
The user experience is great. I like that when exchanging Sui, I don’t have to make a separate permissioned transaction or perform another transaction on a decentralized application. With just one click, my transaction is completed.
They are constantly updating the SUI ecosystem (almost daily), some of which include a testnet for potential upgrades to make Sui the fastest blockchain to achieve finality, and they recently announced a total value locked on the chain of $750 million.
Raoul Pal is a member of the Sui Foundation. Everything he touches does well. While Sui is low in price, I am happy that I can buy it now for under $1 and earn 20-40% APR by lending it and working with Sui. I expect these returns to increase as Sui prices rise.
