Holding time frame included for 30% profit.
SUI Coin – A Star of Emerging Blockchain Technology
SUI Coin is the native token of the advanced Layer-1 blockchain network "Sui Network", developed by Mysten Labs. The founders of Mysten Labs were previously involved in Facebook (Meta)'s Diem blockchain and Novi Wallet projects. The Sui Network aims to improve the speed, scalability, and user experience of Web3. Sui is built on a special programming language called Move that enables smart contracts to be run securely, quickly, and efficiently.
History of SUI Coin
SUI Coin’s mainnet launch was in May 2023. Upon its launch, SUI gained listings on major crypto exchanges such as Binance, KuCoin, OKX, and Bybit. Sui quickly gained attention for its fast transaction processing (up to approximately 297,000 TPS) and low fees. It is considered a competitor to Ethereum, Solana, and Aptos, but it differs from the others due to its unique smart contract language and data model.
Use Cases of SUI Coin
Payment of Gas Fees: All transaction fees on the SUI network are paid in SUI Coin.
Staking: Users secure the network and earn rewards by staking their SUI.
NFTs and Gaming: The SUI blockchain is becoming increasingly popular for gaming and NFT projects because its structure makes graphics and interactions faster.
DeFi Applications: Various DeFi platforms, DEXs, and landing protocols are operating on SUI.
Holding period for 30% profit
The exact timing for a 30% profit in the crypto market depends on market conditions, but in general:
Short-term Holding (1-2 weeks): Only possible when there is hype in the market, such as an important update or spotlight on Binance.
Medium-term Holding (1-2 months): If you buy in stable market conditions and the SUI network is growing, a 30% profit target is usually possible in 4-6 weeks.
Entry Tip: Buy SUI on a dip, i.e. when it is 20-30% below its recent high.
Conclusion
SUI Coin is a reliable and fast blockchain platform that is playing a significant role in the future of Web3. If you HODL SUI for 1-2 months and the market is in a positive trend, 30% profit is possible. However, always DYOR (Do Your Own Research) and set a stop-loss.
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