A few questions about the SUI project

Tipstar

sr. member

Activity: 1932

Merit: 300

Quote from: hack3rcon on Today at 06:27:37 AM

Hello,
Does the SUI project have a good future? Is now a good time to buy it?

Thank you.

I was the lucky one to buy SUI below $2 and now am in good profit. It did briefly went near 6 but it's down now. I'm not an expert but SUI is supposed to be a alternative to Solana or something. When they get grounds, they could be more valuable. But even though I hold them, their gaming priority could be a bad thing in long run as no gaming focused utility have been a success, TON is an example how they fail. Solana on the other hand is more versatile.
I'd not recommend people to buy it over 4. Sui being less costly than TON, already has a larger market cap due to supply.

MAAManda

hero member

Activity: 1736

Merit: 798

Quote from: Kelward on Today at 07:37:08 AM

If it's not Bitcoin and a few top altcoins, I consider altcoins generally as a gamble, you risk your funds to buy, not knowing if the ship will sink because most of them do

I assume that even if you don't find out about the project @OP is referring to here, $SUI is one of the top altcoins (at least in the last few months), they could even be ranked 12th in the CMC.

All types of trading are gambling & have risks there, what makes the difference is whether a project has solid fundamentals or not. In the case of $SUI, they have solid fundamentals, it's just that @OP is asking if he should buy it now? That is the subject of discussion, and several people here, including me, have provided input from our side.

Kelward

sr. member

Activity: 630

Merit: 352

Quote from: MAAManda on Today at 07:12:38 AM

When I first discovered $SUI, the price of this token had not even reached $1 and there was not much development going on in their ecosystem as a whole. Now that the $SUI token price has surpassed $5, that's an increase of more than 5x. For a major L-1 project, that's a big price increase. I think it would be a good idea for you to reconsider buying it now, considering the high circulating supply of this token.

Where there's a price increase, there will definitely be a correction, although it may not happen as quickly as possible, but it's a good idea for you to wait & be a little patient to buy this token.

Altcoins are very volatile and when you see one that has skyrocketed, what to expect is a correction followed by a downward trend. Anyways we're just speculating here, OP has to make the decision whether to buy or not because it's his money on the line but what I can advise if he makes up his mind to go ahead is to buy with amount that he can afford to loose. If it's not Bitcoin and a few top altcoins, I consider altcoins generally as a gamble, you risk your funds to buy, not knowing if the ship will sink because most of them do

stadus

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Hhampuz for Campaign management

Quote from: Charles-Tim on Today at 07:07:44 AM

Quote from: stadus on Today at 06:34:12 AM

honestly, its tough question to answer especially when the price is pumping.. You sure you’re not just caught up in FOMO?

If almost all of us should guess what will be the price of ethereum if bitcoin get to $100000. In 2022 when bitcoin fell to $15500, people will predict ethereum to have increased above $10000 by now. But ethereum did not increas up to that amount and still below its all-time high of $4868.

That’s exactly the point. The question shouldn’t be about when to buy or sell. It’s better to ask what factors could lead to an increase in its price, like the development of the project itself. Focusing only on the price is like chasing signals, and if that’s what we're after, we won’t find it here. There are plenty of those in Telegram groups.

MAAManda

hero member

Activity: 1736

Merit: 798

When I first discovered $SUI, the price of this token had not even reached $1 and there was not much development going on in their ecosystem as a whole. Now that the $SUI token price has surpassed $5, that's an increase of more than 5x. For a major L-1 project, that's a big price increase. I think it would be a good idea for you to reconsider buying it now, considering the high circulating supply of this token.

Where there's a price increase, there will definitely be a correction, although it may not happen as quickly as possible, but it's a good idea for you to wait & be a little patient to buy this token.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: stadus on Today at 06:34:12 AM

honestly, its tough question to answer especially when the price is pumping.. You sure you’re not just caught up in FOMO?

If almost all of us should guess what will be the price of ethereum if bitcoin get to $100000. In 2022 when bitcoin fell to $15500, people will predict ethereum to have increased above $10000 by now. But ethereum did not increas up to that amount and still below its all-time high of $4868.

betswift

copper member

Activity: 280

Merit: 5

I agree with stadus.
Better to watch the price for the correction and get some if you invest your time in analyzing SUI.
Otherwise, no need to rush and get big bags of it, especially now.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

honestly, its tough question to answer especially when the price is pumping.. You sure you’re not just caught up in FOMO?

At the end of the day, you’re the only one who can decide, because even if people say it has a great future, you still need to do your own research to confirm. With its high supply and the price currently at $5, it feels like it might have already peaked for now, leaving only a little room for short-term growth, so be careful in riding with it.

hack3rcon

member

Activity: 379

Merit: 10

Hello,
Does the SUI project have a good future? Is now a good time to buy it?

Thank you.

Topic: A few questions about the SUI project (Read 41 times)