I took a look at this post, it's still in November 2023, I recommend everyone to buy SUI. When SUI opened, it dropped all the way down, and basically everyone was bearish. I was criticized a lot for recommending this coin at that time. Although SUI has been consolidating sideways, I still have high hopes that SUI can enter the top ten by market capitalization in this bull market. The first wave of this season is from the end of 2023 to late March 2024, and the second wave is from October 2024 to January 2025. So the situation is still uncertain, and all altcoins are dark horses. To break into the top ten by market cap, a dark horse needs to have the ability to absorb large amounts of capital. Therefore, the track where dark horses appear is either meme, DeFi, or public chains.

There are too many public chains now. Many chains that seem to have good market caps actually have very little trading volume. In my opinion, this does not correlate with market cap. If this were in traditional finance, they might have collapsed long ago. However, the concept of meme still exists in blockchain, and even if a coin has no utility, it can still have a very high market cap. So, if you think about it this way, it's not hard to understand those public chains with no trading volume; you can just consider them as memes, and you have to thank the project teams for supporting the market.

However, social and gaming need a high-performance public chain. The difficulty in social and gaming expanding is largely due to the slow on-chain processing speed, and the development of blockchain needs social and gaming to expand the user base. This is also an important reason why I am optimistic about SUI; a truly high-performance public chain will definitely break through the competition.