What are your stance on SUI

[Tipstar]

I recently came to know about SUI https://sui.io
But it's already one of the top coin by marketcap (45) and popularity (11) and many people are comparing it with Solana and TON and claims it to be the better alternative.
It has also been widely covered in media and I feel like I already missed this SUI train. But Yesterday I got a news that SUI  had hit a low resistance of 1.31 and are bouncing bac.
I have not yet made any move on the coin yet and it's already at 1.4, I just want to know what the community this about it? Are there any red flags? Is it really the next Solana?
https://coinedition.com/sui-poised-to-breach-resistance-as-indicators-signal-rally/

[Yogee]

Every project will claim they are better than the competition and their respective supporters will do the same thing. I would just focus on their existing ecosystem and check if there was any growth like increasing TVL and projects that are building a platform there. This will probably become on of the coins that will be carried by the halving wave and then drop  again after that. Thinking too deep may not be that significant at this point.

[tsaroz]

Sui is the project started by developers of Libra project, a project that failed before it actually started. They put sui as the direct competitor to solana and on paper it looks better.
For example the TPS of Solana is 50K while that of sui is 100K. That means it can handle more transaction than solana network and would be quicker.
They claim to have better security than solana with their "Byzantine Fault Tolerance-based consensus mechanism and object-centric design".
The fees too are much less than Solana but the traffic solana is handling in compare to sui is even larger. The future really depends on how the developer takes it and how the developer and users react to it.

[Arvydas77]

Feeling optimistic about Sui and other blockchains based on Move language.

[redwine49]

The project is good and easy to use for web3. The current adoption is not much than solana or ethereum but there is alot room to grow with average TPS is 297000.
I think we can say that SUI is good and worth to hold

[wxa7115]

I recently came to know about SUI https://sui.io
But it's already one of the top coin by marketcap (45) and popularity (11) and many people are comparing it with Solana and TON and claims it to be the better alternative.
It has also been widely covered in media and I feel like I already missed this SUI train. But Yesterday I got a news that SUI  had hit a low resistance of 1.31 and are bouncing bac.
I have not yet made any move on the coin yet and it's already at 1.4, I just want to know what the community this about it? Are there any red flags? Is it really the next Solana?

The trajectory that this coin has followed is interesting as the chart has a very pronounced shape, however for those that bought early on the coin has yet to give them any profits, and taking into account its market cap is so high already I do not think you can hope to make a lot of money with this coin.

Do not misunderstand me, some money can be made, but it seems to me this coin was overvalued from the beginning and it is just now that its investors are breaking even.

[Mate2237]

I like the way you arranged the thread by providing the official website of the token and also the current price of the token so commentors will not find it difficult to make a research again. Some thread creators would not even provide any of those things and making us to find the domain in Google Search. This is the first time I have seen and hearing this token and the price is not too bad.

And now that the price is low, it is the best time to invest in it but the token is not popular so whoever wants to invest in it should make more research about the coin so that you won't regret later.

[DeathAngel]

The name of the token reminds me of Cristiano Ronaldo goal celebration SUIIIIIIII. It has a current supply of 10,000,000,000 which is quite large. According to MarketBeat SUI has a market cap of $1.48 billion & is currently trading on 200 active markets with $445,000,000 traded over the last 24 hours. It is difficult to predict the future with certainty but recent developments suggest that SUI has potential. It could be worth investing a small % of a balanced portfolio in SUI.

[deathcode]

I don't know for sure about the SUI project, but as far as I remember it is very popular in the airdrop community. It seems like many airdrop participants have joined the SUI campaign.
but I still believe Solana is still better than SUI. Solana has been used by many projects developing on their network. and SUI just started it all. maybe we don't know what will happen in the future with this project. if it can develop it would also be good for more choices in the market.

[MFahad]

I recently came to know about SUI https://sui.io
But it's already one of the top coin by marketcap (45) and popularity (11) and many people are comparing it with Solana and TON and claims it to be the better alternative.
It has also been widely covered in media and I feel like I already missed this SUI train. But Yesterday I got a news that SUI  had hit a low resistance of 1.31 and are bouncing bac.
I have not yet made any move on the coin yet and it's already at 1.4, I just want to know what the community this about it? Are there any red flags? Is it really the next Solana?
https://coinedition.com/sui-poised-to-breach-resistance-as-indicators-signal-rally/

SUI was one of the biggest hits of 2023. Sui's mainet was launched in May 2023 and as you can see it's the 45th Highest market cap coin. which is a big milestone. the way it boomed makes me also feel that the SUI boat is gone for newcomers.
But that is not true. in the world of crypto, there is no such thing as being too late. I think SUI has a big potential for future growth. and It is one of the best Altcoins for trading purposes. because of its volatile nature. it can give good profit for day traders.

[mich]

Well the SUI blockchain is now has passed other projects for total value locked. Just in last month there has been $310 Million into the network. And now the total value locked in is $593 Million.

Sui tokens are also seeing big increase. In this same time it is up 131%.  https://beincrypto.com/millions-locked-in-sui-outperform-cardano/

[cryptoaddictchie]

I have not yet made any move on the coin yet and it's already at 1.4, I just want to know what the community this about it? Are there any red flags? Is it really the next Solana?
https://coinedition.com/sui-poised-to-breach-resistance-as-indicators-signal-rally/

At first sui network has been flagged down with negative due to a randomized selection of airdrop from their end but after the bitcoin rise, sui tend to move faster and some didnt expect it will be on the move. Im not sure since I dumped my won slot on their Kucoin whitelist sale but Ive profited with that who knows if this one could move higher we yet to see new coins that will probably make some new ATH when bull phase totally synced in.

[bluebit25]

I have not yet made any move on the coin yet and it's already at 1.4, I just want to know what the community this about it? Are there any red flags? Is it really the next Solana?

It's legal and can be completely trusted, to me the project has a smart approach as they have launched and are close to the bullish phase of the market. And now, looking at the ecosystem is getting more attention to developing products, but to be fair, new things still have many shortcomings and need a process to overcome.

But maybe it's not too surprising if SUI can reach the top 10 in the future. I see the potential of the project, but in terms of investment, we need to research more carefully, and we all understand that no one invests the same in both, about balancing risks/opportunities to redefine strategy.