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Sui

SUI$0.00
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Price Data

Analysis

Trade

Sui: 0x2::s...:SUI

Market Cap

5084362773
#25

All-Time High

2.17

All-Time Low

0.364846

Fully Diluted Valuation

18396000665

Circulating Supply

2763841372.60889 (27.64%)

Total Supply

10000000000

ICO Date

May 3, 2023

Sui Ecosystem: Quick Trader's Guide

Basics:

  • Layer 1 Proof-of-Stake blockchain focused on scalability and security
  • Developed by Mysten Labs, founded by former Meta employees from the Libra project

Key Features:

  • Parallel Execution: Processes most transactions concurrently for efficiency
  • Low Latency: Fast transaction finality, ideal for real-time applications
  • Security: Utilizes Rust and Sui Move for secure smart contracts

Token: SUI

  • Utility: Network fees, staking, governance
  • Staking: Validators and delegators earn rewards

Trading Edge:

  • High throughput and low latency
  • Robust security and scalability features
  • Strong backing from experienced developers and significant funding

Future Outlook:

  • Continuous enhancements in scalability and performance
  • Expansion into diverse DApp sectors like DeFi, gaming, and commerce

Growth Constraints:

  • Dependence on the adoption of the Sui blockchain
  • Competition with other high-performance Layer 1 blockchains

Opportunities:

  • Efficient Transactions: Parallel execution reduces costs and latency.
  • Developer Growth: Increasing projects and strong institutional backing.
  • Innovative Applications: Advanced DeFi, gaming, and commerce solutions leveraging scalable infrastructure.

Risks:

  • Adoption Dependence: Growth relies on attracting more users and developers.
  • Intense Competition: Must maintain efficiency and security to compete with other blockchains.

Sui Price Analysis

As of October 11 2024 Sui has a marketcap of $5.1B. This is {{percentagefromath}} from its all time high of $2.17. In terms of its tokenomics, there's a total supply of 10B with 28% currently outstanding. Keep in mind Sui has a fully diluted value of $18B which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Chat GPT LogoClaude LogoSummarized in part by ChatGPT 4 and Claude