#SUI🔥
SUI coin plummets, what are the reasons? Pay attention to news and technology; making money is as simple as breathing.
What is Sui (SUI)?
Sui is a low-latency, high-throughput Layer 1 blockchain.
Sui claims that its goal is to deploy decentralized applications (DApps) through a superior smart contract architecture compared to blockchain competitors like Ethereum, to 'lead the next billion users to Web 3'.
Why did it drop?
News aspect
The largest decentralized exchange (DEX) in the Sui public chain ecosystem, Cetus, experienced a hacker attack and urgently suspended contracts, causing an instant liquidity drop and the prices of various trading pairs to collapse, resulting in losses exceeding $220 million.
Technical aspect
Channels are trending downward, touching highs and correcting.
In fact, the prospects and concepts of SUI are quite good, but this wave of hacker attacks has had a significant impact. It is expected that in the short term, it will continue to fluctuate downward, where news in the cryptocurrency world will always outweigh the technical aspects.
However, Yuanbao must emphasize that when trading, always set proper take-profit and stop-loss levels. Otherwise, turning profits into losses is not a natural disaster but a man-made one. Forming your own trading system and strictly executing it is the first iron rule of trading and the key to profitability. I have mentioned this issue to my fans multiple times; some fans think it is unnecessary, but giving yourself a rule is crucial—never gamble on your own nature. How many people incur losses due to holding positions, always thinking, 'What if it comes back?' Yuanbao also started trading this way, but it is essential to realize that this is incorrect. We are here to trade, not to gamble; if you want to gamble, Macau is a more direct option.
Become a fan of Yuanbao and never lose your way on the road to wealth.
