Definition of currency
🟡 SUI coin is one of the coins that was offered in the previous market in the digital currency market from the layer1 sector ✅
🟡The currency is currently ranked 16th in the digital currency market with a market value of $13.37B billion ✅
Brief summary of the project
🟡Sui is a leading layer 1 blockchain platform designed to support global adoption needs by providing a secure, robust, and scalable development platform.
It is one of the strongest and most important layer1 networks after Ethereum and Solana, with very low fees, high execution speed, and competition.
Economic Analysis - Tokenomics
(The most important thing is to read it carefully to benefit)
🟡Current circulating supply is 2.93B billion coins with a total supply of 10B billion coins and a maximum supply of 10B
So the currency is unfortunately inflationary.
🟡By reviewing the jaw table:
We notice that quantities of currency are being released continuously at the beginning of each month until the year 2070 at an average rate of 1% and it continues to decrease to reach less than 0.1% of the total supply.
🟡 Disadvantages of the currency
Continuous inflation ❌
Huge competition in the Layer1 segment
🟡 Pros of the currency
I think that the currency release schedule was put in place in a thoughtful manner to try to reduce its impact significantly, and this is a positive thing. We hope that the team will stick to the current schedule and not change it, otherwise it will be very negative (they are known for manipulating the issue).
Of course, the currency is excellent and the team is good, but in the crypto market, this is not enough to see creativity in the currency.
In my opinion, if it weren't for Grayscale's support for the currency and their announcement of their investment in it, we wouldn't have seen this very strong interest in it.
This interest from Grayscale, in addition to the strength and solidity of its team, made it one of the strongest currencies in the recent period.
🟡In my personal opinion, I see that the currency is not suitable for investment at the present time.
I am an investor in the currency from prices around 0.6 but I did not publish it on the channel
If I were any new investor, I would not invest in the currency because it has risen very much and I see it reaching exit and target areas.
For those interested in the currency, wait for the supermarket and you will get it at much better prices if you want to take it as a long-term investment.
But I rule out that what happened with Solana will happen, as Solana is a unique case that will not be repeated.
Technical view of the daily currency chart
technically
The currency is moving within an ascending channel that has been respected more than once and is moving in parallel with EMA9 on the weekly frame.
Currency in exit and profit taking areas
I have set my goals for you on the chart and I take profit at each goal and I will place a stop loss at the price of the first goal when the second goal is achieved and I will continue in this order
You can also follow the EMA9 and see that any weekly full candle close below it from now on is considered an exit signal✅
I left you free to choose how you exit, but it is very important that you start thinking about exiting ❌
Finally
We would like to point out that this is not investment advice, and good luck to everyone 💛
If you like the series, tell us in the comments so we can repeat it.
Don't forget us in your prayers, your brother Ihab 👑
