I call $Sui a "rebel" because it always releases good news when the market is falling, pulls up the market against the trend, and attracts market attention. As the most hard-working player in the new public chain, Sui's performance is also good. Its TVL has surpassed OP and ranked among the top ten, and the gap with Polygon is gradually narrowing.
Review of recent good news:
Binance launches Sui’s coin-based contracts
Suiplay0x1 game console starts pre-sale
Grayscale officially launches Sui Trust Fund
Sui TVL entered the top ten, not far from the top few
AUSD stablecoin launched on Sui
Compared with the second-layer protocol ARB, Sui’s original price was only half of ARB’s, but now ARB has dropped to $0.5, which is half of Sui’s price, even though their circulation and total volume are similar. There are several reasons behind this:
Low cost of VC: The cost of investment institutions is extremely low. Even if the price drops to $0.1, they still make a lot of money.
Scam and insider trading: ARB is affected by scam and insider trading, there is no airdrop, and the cost is extremely low.
ETH and L2 dilemma: Ethereum performs poorly and the second-layer protocol is also difficult to break through.
Following the trend of VC: The technical barriers of L2 are not high, and VC quickly deployed dozens of similar public chains, resulting in serious inflation and value dilution.
In contrast, Sui's chip structure is healthier, without the selling pressure of the swindlers and rat warehouses, and the IDO cost is mostly $0.1. Moreover, Sui's narrative is unique, unlike L2, which can be easily copied, and it is a bit like the shadow of the next Sol.
However, Sui still has large institutional unlocking at the beginning of each month, which is a disadvantage. The current pressure level is $1.2, which is the high point of the rebound in June. With the rebound of BTC and the continuous development of Sui ecology, Sui's performance is expected to be faster and stronger than most altcoins, which is worth looking forward to. The stop loss is recommended to be set at $0.95 to prevent a possible sharp retracement after the interest rate cut.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
