$SUI , the next SOLANA?
SUI has recently surged, is it the next Solana?
Since April, the SUI coin has risen strongly, doubling in price in just a few weeks, sparking market discussions: could it become the next SOL?
There are 5 main reasons behind the surge:
1. Technological breakthrough: SUI breaks a 3-month-long downtrend line, the chart strengthens, attracting a large influx of capital.
2. Hot on-chain data: The number of whale wallets and transaction volume are both rising, reflecting the willingness of institutions and large holders to enter.
3. DeFi ecosystem rise: TVL surged over 20% in 24 hours, with active ecological projects, including decentralized exchanges and lending protocols.
4. Memecoin craze: Light community tokens like LOFI and BLUB are active on the SUI chain, leading to high-frequency trading and user growth.
5. Macroeconomic hedging demand: Recently, the Federal Reserve's policies have been unclear, leading to large market fluctuations, with some funds flowing into crypto assets for hedging.
Can SUI become the next Solana?
In terms of performance, SUI adopts a parallel processing mechanism, with TPS far exceeding Solana, and transaction fees are also extremely low.
However, the ecosystem is still in its early stages, and the number of developers and projects still lags behind SOL, making it difficult to 'overtake' in the short term.
Conclusion:
SUI is growing rapidly, with technological highlights and market enthusiasm, but whether it becomes the 'next SOL' still requires time to verify. There are many short-term opportunities, but it is advisable to view them rationally and manage risk. Jidong believes that SUI has a very high chance of breaking the previous high of 5 dollars.
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