Sui: The short-term price may peak, but the long-term value is seriously underestimated as the "second public chain in the United States".

Recently, Sui has received good news one after another. First, Grayscale announced that Sui's trust fund was officially open to qualified investors for purchase. At the same time, Sui released its own game console. Then the world's second largest stablecoin issuer announced the issuance of USDC on the Sui chain. Recently, Sui also cooperated with Apt to create a Move pump, etc.

A series of factors have contributed to the continuous rise of Sui. However, Sui has now risen to its historical highest price, and the resistance to rise is extremely strong. The price may peak in the short term.

But from a long-term perspective, Sui is still bullish.

First of all, Sui has been rising in a shrinking volume for only one month, not a large-scale pull caused by speculation. This kind of rise driven by real good news, even if the callback is only at a high level, will not plummet to the starting point of the rise.

Secondly, Sui not only has good news, it has now developed into the "second public chain in the United States". Currently in the US crypto market, Sol represents the peak of the Rust language, and Sui represents the peak of the Move language. Sol released its mobile phone a year ago, and its price has increased fivefold since then. Sui released its game console a month ago, and its price has only increased twofold so far.

More importantly, Sui’s highest price after listing on Binance was only $2. It did not explode in the last bull market like other tokens. I dare not imagine if Sui explodes, will it be $20 or $100.