$SUI Continuous Explosion!!!
Sui is a layer blockchain with low latency and high throughput, supporting instant transaction settlement, suitable for on-chain use cases like DeFi and GameFi. It is written in Rust, shares roots with Solana, and emphasizes fast and secure execution. Sui aims to lead a billion users into Web3 by deploying DApps through an excellent smart contract architecture, utilizing "transaction parallelization" to achieve parallel scalability and efficient data organization within PoS consensus.
The reasons for the recent rise can be summarized simply:
1. There has been a significant increase in trading volume, with funds pouring in wildly;
2. The ecosystem is developing rapidly, with more on-chain applications and low transaction fees;
3. Institutions and large holders are buying in.
Additionally, collaboration news has also given a push; yesterday, Lao Jiu saw investment news released, and personally checked on-chain data showing that large holders were concentrating their purchases, confirming that it was indeed significant positive news. Consequently, he guided his followers to enter long positions at around 2.96, and it has continued to rise until today. Lao Jiu has chosen to let them hold on, aiming for the target position!
However, everyone should also pay attention to the fact that a large number of tokens are unlocked every week for SUI, which could lead to a market crash, and short-term fluctuations will be significant. If the ecosystem can continue to thrive, the price may still rise, but there is also considerable risk in shorting with high leverage.
Throughout the day, Lao Jiu will continue to lay out strategies for other cryptocurrencies, keeping up the pace.
