#SUI is the native cryptocurrency of the Sui network, a Layer 1 blockchain and smart contract platform designed to be fast, private, secure, and accessible. It is used to pay transaction fees, participate in staking, and govern the network.

In detail:

Layer 1 blockchain:

Sui is a Layer 1 blockchain, meaning it operates independently and is not based on other blockchains.

Smart contract platform:

It allows developers to build decentralized applications (dApps) and other blockchain-based services.

Fast and scalable:

Sui is designed to be fast and scalable, with the goal of processing large numbers of transactions with low latency.

Object-centric model:

Unlike other blockchains, Sui uses an object-centric model that allows transactions to be processed in parallel, contributing to speed and scalability.

Governance Token:

SUI holders can participate in network governance, which means they can vote on improvement proposals and protocol changes.

Utility Token:

Used to pay transaction fees, participate in staking, and other activities within the Sui ecosystem.

There are two pools on the decline, and I expect the one to go towards $1.50. I'm including 4-hour and 1-day candlestick charts.

Likewise, a strong pool is seen rising towards $4.00.