SUI TOKEN PRICE SPECULATION - page 3.

nimogsm

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Quote from: lobo13hf on June 14, 2023, 09:19:41 AM

so many projects in sui are just becoming valueless, the most recent ones is suiswap, it was expected to have massive valuation but turns out it's not that massive.
I don't know why but it seems many of sui project are just money oriented, they prefer people to pay for their token instead of airdropping unlike arbitrum but thats fine i guess.

suiswap is a big disappointment for many, including me. I thought that the price would start from 0.02 dollars, but on the exchange they launched trading at 0.002, which caused everyone a lot of questions, respectively, you can now forget about their distribution, since there will be several tens of dollars for several months of work.

lobo13hf

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so many projects in sui are just becoming valueless, the most recent ones is suiswap, it was expected to have massive valuation but turns out it's not that massive.
I don't know why but it seems many of sui project are just money oriented, they prefer people to pay for their token instead of airdropping unlike arbitrum but thats fine i guess.

bitkanu

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Quote from: judaspriest on June 10, 2023, 11:13:48 AM

Quote from: SlimShadyMmp on June 09, 2023, 04:45:36 PM

Public sale participant got over 10X at listing and most investors have removed their initial capital already Everything is profit and the way I see it most people will continue to dump this one except the ecosystem really grow through DEFI and maybe gaming Looking at the ecosystem right seem empty and not that attractive but lets see how ecosystem grow but actually Sui Performance is kinda bad

It's normal that many holders have thrown away SUI, because we know for ourselves that airdroppers get very large airdrops from SUI,
even getting $ 1000 on SUI, moreover SUI has a large supply as well, so it's very reasonable if the dump price is in this short term.

sometimes the massive airdrops that caused many to have some really huge reward is a massive turn off for anyone that thinking of investing after listing.
thats why sometimes the demand just isn't there and the aftermath for sure is value decrease.

shinratensei_

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Quote from: SyndicateLabs on June 13, 2023, 01:06:17 AM

I have seen some communities complaining about SUI's price drop, and FOMO about the young community being unconvinced, personally seeing that a new crypto like SUI is in the position it is now. a great thing. Perhaps looking at the current situation it can be difficult to meet many people's wishes about the pump, but it has its own support community furthermore SUI's MM will know the right way to pull its price to attract many People. I think the future SUI will receive more attention, perhaps there will be some FOMO in the ecosystem for people to pay attention and use and accumulate more SUI.

many are complaining because it didn't meet their expectation, they are believeing that sui will be more than arbitrum since sui raised some massive funds added with the presale that they have which further add
more money that the devs could take advantage of but alas it's just really underwhelming honestly, even many are so disappointed.
moreover the ecosystem isn't growing that well, rather it could be said to be relatively slow compared with arbitrum ecosystem growth after the airdrops.
maybe people just got too much high of an expectation.

WalkerIVIV

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Quote from: ahoenk on June 13, 2023, 05:27:36 PM

Quote from: o48o on June 13, 2023, 04:19:10 PM

Quote from: CapGelatik on June 13, 2023, 12:38:10 PM

Remember and see! SUI has a total supply of 10 billion and currently the supply circulation is still very small,
so a reasonable price is $ 1 to $ 0.5, but if circulation increases, SUI will obviously dump far deeper than now, even below $ 0.1,
so be careful if you want to buy SUI.

First of all, i am not defending Sui or telling it's a good buy. Imho 100 validators is not enough, but referring to total supply without telling the issuance rate is quite misleading. In most cases it takes ages to reach theoretical max supply. People seem to be fixated on bitcoin level of scarcity without realizing that it wouldn't necessarily serve a purpose in other kind of coins

What comes to the price. I wouldn't touch it. But right now i wouldn't touch to almost any altcoin. Except i am DCA:ing some eth as i believe i would regret not getting in now.

How many years sui could reach its total supply ? And how much the burn rate they have ? I am not starting DCA before whole developer coin are unlocked. Or venture capital coin are unlocked too. It is still too risky to invest in it when venture capital still holding a bunch of it, nor conaidering there are a lot of compatitor on L1 blockchain like SEI,avax,solana, Ethereum, etc.

well at the very least all the vested from presale are gonna be unlocked within 1 year, so you could guess rougly the circulating supply in just 1 year.
even right now the value is down so bad that I don't think it's good investment regardless the fact that many have made good profit at presale.

ahoenk

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Quote from: o48o on June 13, 2023, 04:19:10 PM

Quote from: CapGelatik on June 13, 2023, 12:38:10 PM

Remember and see! SUI has a total supply of 10 billion and currently the supply circulation is still very small,
so a reasonable price is $ 1 to $ 0.5, but if circulation increases, SUI will obviously dump far deeper than now, even below $ 0.1,
so be careful if you want to buy SUI.

First of all, i am not defending Sui or telling it's a good buy. Imho 100 validators is not enough, but referring to total supply without telling the issuance rate is quite misleading. In most cases it takes ages to reach theoretical max supply. People seem to be fixated on bitcoin level of scarcity without realizing that it wouldn't necessarily serve a purpose in other kind of coins

What comes to the price. I wouldn't touch it. But right now i wouldn't touch to almost any altcoin. Except i am DCA:ing some eth as i believe i would regret not getting in now.

How many years sui could reach its total supply ? And how much the burn rate they have ? I am not starting DCA before whole developer coin are unlocked. Or venture capital coin are unlocked too. It is still too risky to invest in it when venture capital still holding a bunch of it, nor conaidering there are a lot of compatitor on L1 blockchain like SEI,avax,solana, Ethereum, etc.

o48o

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Quote from: CapGelatik on June 13, 2023, 12:38:10 PM

Remember and see! SUI has a total supply of 10 billion and currently the supply circulation is still very small,
so a reasonable price is $ 1 to $ 0.5, but if circulation increases, SUI will obviously dump far deeper than now, even below $ 0.1,
so be careful if you want to buy SUI.

First of all, i am not defending Sui or telling it's a good buy. Imho 100 validators is not enough, but referring to total supply without telling the issuance rate is quite misleading. In most cases it takes ages to reach theoretical max supply. People seem to be fixated on bitcoin level of scarcity without realizing that it wouldn't necessarily serve a purpose in other kind of coins

What comes to the price. I wouldn't touch it. But right now i wouldn't touch to almost any altcoin. Except i am DCA:ing some eth as i believe i would regret not getting in now.

CapGelatik

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Quote from: bitkanu on June 13, 2023, 11:47:57 AM

Quote from: davide72 on June 11, 2023, 06:22:20 PM

Most people have bought on 0.3 dollars so today their are making over x20 profit, that's a lot of money for those who bought them

but they are vested though, for many that are eligible to participate in their fundraising through the means of IEO
have their coins vested for quite long enough. I think we still don't see whether it's gonna be profitable but surely the initial rise of price already give them back the capitals they invested.

Remember and see! SUI has a total supply of 10 billion and currently the supply circulation is still very small,
so a reasonable price is $ 1 to $ 0.5, but if circulation increases, SUI will obviously dump far deeper than now, even below $ 0.1,
so be careful if you want to buy SUI.

bitkanu

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Quote from: davide72 on June 11, 2023, 06:22:20 PM

Most people have bought on 0.3 dollars so today their are making over x20 profit, that's a lot of money for those who bought them

but they are vested though, for many that are eligible to participate in their fundraising through the means of IEO
have their coins vested for quite long enough. I think we still don't see whether it's gonna be profitable but surely the initial rise of price already give them back the capitals they invested.

SyndicateLabs

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I have seen some communities complaining about SUI's price drop, and FOMO about the young community being unconvinced, personally seeing that a new crypto like SUI is in the position it is now. a great thing. Perhaps looking at the current situation it can be difficult to meet many people's wishes about the pump, but it has its own support community furthermore SUI's MM will know the right way to pull its price to attract many People. I think the future SUI will receive more attention, perhaps there will be some FOMO in the ecosystem for people to pay attention and use and accumulate more SUI.

bbc.reporter

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It is very head scratching for me when much of the people begin being very bearish on a project, it signals the bottom then the project's token starts to pump hehe. This might be another similar occurence with Sui.

I am not quite certain what is happening in the project, however, it appears that the project's development is doing okay. Coorect me if I am wrong because I only checked their social media accounts for this.

In any case, I speculate Sui token will be one of the biggest pumps if the revelation of the Hinman documents brings optimism to the market.

bitkanu

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Quote from: davide72 on June 11, 2023, 06:22:20 PM

Most people have bought on 0.3 dollars so today their are making over x20 profit, that's a lot of money for those who bought them

the presale participants are definitely really lucky that they could flip their money almost instantly, and turn it into thousands of dollars, but considering even the coin getting vested this coin seemed plummeting.
only those that got their coin fully unlocked get the full advantage i think.

nimogsm

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something I will be disappointed in sui projects more and more. Today, one of the projects went public and did - 10x I understand that the situation on the market is not the best, but it's just a fiasco. Does anyone have a positive experience with sui based projects?

poodle63

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SUI to the ground. Only a few of vesting token already unlocked. There will be another major dump to come soon. There are still so many vesting coin in the three exchange sites.
People gonna sell their sui immediately after they received their unlocked coin. This coin rekt.

davide72

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Most people have bought on 0.3 dollars so today their are making over x20 profit, that's a lot of money for those who bought them

Psynthax

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its now losing its value so hard, the effect of the lawsuit wasn't that massive for other coin but it seems it's massive for sui, maybe becaucse the holders are already eager to liquidate their investment and move on, as simple as that, because they just don't see this coin gonna climb up back up ever again, since the price already going up quite high since IEO.

Gladitorcomeback

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Quote from: dimonstration on June 11, 2023, 12:14:30 PM

Sui has a lot of liquidity coming from investors both private and VC. I doubt that those airdrop token is sufficient to dump the price to lowest since many new traders will be happy to buy this token at cheap price while the supply is still below 1B.

I recieved airdrop of 1509 token and thanks God that i sold all at the price of 1.15$. The opening price of sui token was around 2$ in Okx exchange but with the listing in Kucoin and Bybit its down to 1.2$. Its is because most of airdrop allocation was given in Bybit while Kucoin has private sale users. Now price dumped down 2x and i think it's not bad to buy some for long time. i made some small profit in day trading in SUI but i didn't want to take risk in this market.

dimonstration

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Quote from: judaspriest on June 10, 2023, 11:13:48 AM

Quote from: SlimShadyMmp on June 09, 2023, 04:45:36 PM

Public sale participant got over 10X at listing and most investors have removed their initial capital already Everything is profit and the way I see it most people will continue to dump this one except the ecosystem really grow through DEFI and maybe gaming Looking at the ecosystem right seem empty and not that attractive but lets see how ecosystem grow but actually Sui Performance is kinda bad

It's normal that many holders have thrown away SUI, because we know for ourselves that airdroppers get very large airdrops from SUI,
even getting $ 1000 on SUI, moreover SUI has a large supply as well, so it's very reasonable if the dump price is in this short term.

Those users that received airdrop tokens contribute to the early stage of the SUI development. They spent money on transaction fee to use dapps and other features inside SUI ecosystem. That airdrop is just part of the money returned to the testers that spend their time and money to try the blockchain.

Sui has a lot of liquidity coming from investors both private and VC. I doubt that those airdrop token is sufficient to dump the price to lowest since many new traders will be happy to buy this token at cheap price while the supply is still below 1B.

TheGreatPython

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Quote from: nimogsm on June 10, 2023, 10:03:15 AM

Quote from: JeffBrad12 on June 09, 2023, 07:20:55 PM

Quote from: SlimShadyMmp on June 09, 2023, 04:45:36 PM

Public sale participant got over 10X at listing and most investors have removed their initial capital already Everything is profit and the way I see it most people will continue to dump this one except the ecosystem really grow through DEFI and maybe gaming Looking at the ecosystem right seem empty and not that attractive but lets see how ecosystem grow but actually Sui Performance is kinda bad

agreed with this one, they already drained all of the blockchain potential the time they decided to make some massive IEO honestly, the coin that they are allocating for the IEO themselves was so much already.
the main reason it could get this far is because the hype that was present mainly because of arbitrum or any past blockchain that has made some fuss/
right now every platform in sui trying to get that piece of cake making some IDO, yet many of them are just failing, and the ecosystem is just disappointing honestly.

I agree with you now I don’t see interesting projects with a fresh sui solution. Now it reminds me more of the boom of 2017 when there were many different ICOs on Ethereum and almost all projects collected the funds they needed but in the end did not give the finished product to investors . Now everything is happening exactly according to the same scheme.

SUI is basically a protocol where developers and firms will create their own dApps utilizing their tools and stuff, so I believe its success will depend on what kind of projects will be created on top of it, if some apps created using SUI get significant success, I'm sure SUI token will do pretty well after that just like ETH which started growing when good projects started building on Ethereum network.

In my opinion, SUI has got the potential to gain good value over time because their tools and features are good and a lot of developers will choose them for their dApps and they even fund new projects that has got potential for success and this will surely bring more projects towards the protocol.

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Quote from: SlimShadyMmp on June 09, 2023, 04:45:36 PM

Public sale participant got over 10X at listing and most investors have removed their initial capital already Everything is profit and the way I see it most people will continue to dump this one except the ecosystem really grow through DEFI and maybe gaming Looking at the ecosystem right seem empty and not that attractive but lets see how ecosystem grow but actually Sui Performance is kinda bad

It's normal that many holders have thrown away SUI, because we know for ourselves that airdroppers get very large airdrops from SUI,
even getting $ 1000 on SUI, moreover SUI has a large supply as well, so it's very reasonable if the dump price is in this short term.

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