đđ„ The SUI storm is sweeping the crypto market! Is the so-called âSolana killerâ losing steam? Find out the truth before itâs too late!
The Sui Network ($SUI ), which some have called the âSolana killerâ or the next big catalyst, is making headlines. However, the rise in SUI price seems to be following a dominant negative trend in social volume. Currently, the sentiment around SUI is largely unfavorable at 48.92%, with only 38.13% positive sentiment.
Criticisms include the tokenâs high fully diluted valuation (FDV) and concerns about impending vesting contract unlocks. On the other hand, Suiâs Move language and transactional efficiency, with fast finality and low fees, are highly praised.
đžSUI Price Analysis
Despite largely negative sentiment, technical indicators remain slightly bullish, suggesting a possible near-term surge. Currently, SUI is trading at $0.825, up 6.16% year-to-date, after fully retracing from a high of $2.09.
đž Is SUI still the âSolana Killerâ?
In this context, Web3 researcher and developer Sandra Leow shared insights on X on August 15 regarding SUI. She wonders if Sui is still the âSolana killer.â According to Sandra, Sui saw an influx of positive sentiment in early August, reaching its highest level of positive sentiment since its launch. Suiâs sentiment index increased from 0.34 to 2.34 on August 7.
The biggest jump was seen in SUIâs market share, which rose from 0.08% on August 6 to 0.66% on August 9, a day when the tokenâs price also surged from $0.53 to $0.83. Interestingly, on the same day, Raoul Pal referred to Sui as âthe next big catalyst after Solana.â
#Altcoins2024 #Sui #Predictionexpert
â€ïž Like | đŹ Comment | âȘïž Share đ
đ„ Please follow @Coinaute e Binance Square account ! đđ„
Binance Square #coinaute
