Why SUI pumped 124% already this year? - page 2.

X-ray

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They've made some hype in twitter recently, I don't know if it's coming from their marketing side but they've successfully made a hype narrative about the ecosystem from scalability and trying to shift meme coin trend to their ecosystem.
but I largely also think it's because the crypto market just decided to move around the hype and capital to the newer L1, TON hype is fading but SUI just get started. though we don't know how long the hype will lasts with SUI.
it could be that after reaching near ATH of $2 it will go down again.

even cardano founder is shilling for SUI which honestly weird Grin

, why doesn't he shill for his own coin.

passwordnow

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It still hasn't pumped a lot and don't have that ATH that everyone is just looking after. I think with their strong presence into events that they're present, this is one of the reasons why investors have confidence in them. Looking at the chart once again, the market seems to be back and bloody again. It's currently down by -5% and has the same price again since 7 days ago. But no doubt that for a year, it has moved something good. So, the ones that are able to make it are those that have held it for so long. I guess it's not yet late since it's under $2 again and if you have a strong belief on this project for a longer term, maybe it's fine if you take a bit of it on your stash.

MAAManda

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Quote from: freedomgo on October 09, 2024, 10:07:34 AM

I'm not heavily into altcoins myself, but I came across SUI in some online news, and it caught my attention.

After checking CoinMarketCap, I noticed it's pumped quite a bit and has strong volume. Now, I’m curious to hear what the experts think about this coin. Is it worth diving into now, or should we avoid it because the price surge is just hype? I’d appreciate any informative comments about SUI, as I’m still learning but interested in knowing more.

I'm not the right person to say you should jump into $SUI or you should stay away from it, what I do know is that $SUI is an L-1 that has a serious project behind it, they want to be a challenger to the another mainstream L-1 projects. Some of the new things coming to the $SUI network are:

1. $USDC is already available on the $SUI network, which strengthens the project in terms of protecting its users from a lack of liquidity.
2. The current meme trend happening on the $SUI network.

It's up to you whether you want to jump in or not, but one thing is for sure, don't shy away from projects that are developing and have good intentions, cause you can get financial benefits from there.

Ekanayake90

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Quote from: $crypto$ on October 09, 2024, 12:12:19 PM

Looking at the monthly chart of SUI it jumped 100% more up, I don't know what is the hype in this altcoin ecosystem not so much following although some friends shared the news but I didn't read it.

The increase in this token is already high, maybe there will be a decline again because it is usually like that for altcoins they will be over-pumped and drop dramatically so don't buy this token before the price drops.

Anyway I'm not interested in SUI anymore, there are already several altcoins that have pretty good potential after research, if you have confidence then please maybe the current price will continue to hold and even go up again.

What are those "Several" Coins btw? I'd like to have a look too

coin-investor

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Quote from: freedomgo on October 09, 2024, 10:07:34 AM

I'm not heavily into altcoins myself, but I came across SUI in some online news, and it caught my attention.

After checking CoinMarketCap, I noticed it's pumped quite a bit and has strong volume. Now, I’m curious to hear what the experts think about this coin. Is it worth diving into now, or should we avoid it because the price surge is just hype? I’d appreciate any informative comments about SUI, as I’m still learning but interested in knowing more.

I am not aware on SUI only after I stumble upon Birds a Telegram Application airdrop and they utilize the SUI chain, I was surprised at the very low fees and fast confirmation. 297,000 TPS is just great for a chain, and many investors and developers are noticing this chain now.

https://sui.io/

Since it was utilized by one project in the Telegram ecosystem, I expect other developers to utilize SUI and they can compete with TON as one of the most used chains on Telegram, and Birds is one example of a project that utilizes SUI.

$crypto$

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Looking at the monthly chart of SUI it jumped 100% more up, I don't know what is the hype in this altcoin ecosystem not so much following although some friends shared the news but I didn't read it.

The increase in this token is already high, maybe there will be a decline again because it is usually like that for altcoins they will be over-pumped and drop dramatically so don't buy this token before the price drops.

Anyway I'm not interested in SUI anymore, there are already several altcoins that have pretty good potential after research, if you have confidence then please maybe the current price will continue to hold and even go up again.

markm

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To me the simple fact it already surged without having to buy its way up through a column of sell offers I already had in place basically means I missed that one.

If I had wanted to be in it I should have gotten some early and had my sell offers in place in time for the surge.

If for any reason I did still want to get in, I'd be looking from time to time to see if it crashed back down so I could think about buying some to get my sell offers in place in time for the next surge.

-MarkM-

freedomgo

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I'm not heavily into altcoins myself, but I came across SUI in some online news, and it caught my attention.

After checking CoinMarketCap, I noticed it's pumped quite a bit and has strong volume. Now, I’m curious to hear what the experts think about this coin. Is it worth diving into now, or should we avoid it because the price surge is just hype? I’d appreciate any informative comments about SUI, as I’m still learning but interested in knowing more.

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