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APR 3, 2024

(Alpha) Weekly Altcoin Review: Sui ($SUI)

by Crypto Alpha

Crypto Alpha is dedicated to providing you with a weekly altcoin alpha, consistently delivering valuable insights and opportunities in the dynamic world of cryptocurrencies. Stay ahead of the curve with our expert analysis and recommendations, ensuring you have the knowledge and tools to make informed decisions in the ever-evolving crypto landscape.
Coin of the Day: SUI
Potential ROI: 10X
Coin Status: NEW
Category: Layer 1
Exchanges Listed:  CEX (BINANCE, BYBIT, KUCOIN, MEXC, BITGET)
Holding window: Long-Term

SUI

Introducing SUI - a groundbreaking decentralized layer-1 blockchain initiative revolutionizing the digital landscape. Powered by the MOVE programming language, originally engineered by Facebook for Diem, Sui stands at the forefront of innovation in smart contract platforms. Its foundation rests on the Monolithic structure, a pioneering blockchain architecture consolidating all tasks and operations onto a single network.
What sets Sui apart is its unparalleled performance within the Monolithic framework. By processing transactions in parallel and optimizing resource utilization, Sui achieves remarkable throughput capabilities. This translates to swift and efficient transaction processing, enhancing overall scalability and responsiveness.
One of Sui's key strengths lies in its exceptional scalability and low-latency attributes. With optimized handling of simple transactions, Sui boasts scalability potential of up to several hundred thousand transactions per second (TPS). Furthermore, its block times range from a mere 2 to 3 seconds, significantly reducing latency. These features make Sui particularly adept for deployment in payment systems, offering robust protection against issues like duplicate payments, thus ensuring a seamless user experience.

WHAT REMARKABLE FEATURE DOES SUI HIGHLIGHT?

The Sui blockchain represents a paradigm shift in scalability and cost-effectiveness, addressing the pressing needs of large-scale applications while maintaining exceptionally low operating costs per transaction. At the core of this innovation lies the removal of a critical bottleneck present in current blockchain architectures.
Unlike traditional blockchains, where transactions are funneled into sequential blocks regardless of their independence, the Sui blockchain introduces a revolutionary approach. By organizing data into independent objects and executing transactions in parallel, Sui minimizes processing time and circumvents the inefficiencies inherent in sequential processing. This breakthrough is made possible through the implementation of the Byzantine Consistent Broadcast (BCB) processing program, which not only streamlines operations but also ensures the system's security.
Furthermore, Sui's pioneering programming language and operating model foster unprecedented scalability and instantaneous transaction settlement. Validators on the Sui network can enlist the support of workers to augment transaction processing capacity, further enhancing scalability. Even during periods of high network traffic, Sui maintains lower gas fees compared to many traditional blockchains, contributing to an enhanced user experience for Web3 applications.
In essence, Sui's innovative approach to blockchain architecture empowers it to meet the demands of modern applications at scale, while simultaneously driving down operational costs and enriching the user experience in the decentralized ecosystem.
For Tokenomics and more details about Sui and its history, visit:(https://coinmarketcap.com/currencies/sui/).

ANALYZING THE LIQUIDITY LEVELS FOR BAGGING $SUI AT DISCOUNTED RATES.  

Let us highlight key levels, where we can position ourselves for asymmetric opportunities.
SUI WEEKLY
SUI Weekly Chart
SUI Weekly Chart
Sui’s chart depicts a solid project with high interest. Price launched at $0.1000, which was the genesis of a massive pump that took the price to $2, which gave early investors over 20X in ROI (return on investment). Price has pulled back, not taking the ATL (all-time low), and has pumped above the ATH (all-time high). The current price of $SUI is currently at $1.6700 (as of the time of this writing), after pulling back from an ATH of $2.1826. This is a solid project with active developers who are working day in and day out to drive utility and active participation within the Sui ecosystem. This is the major reason why we are bullish and have highlighted multiple levels of entry from which we intend to position ourselves for explosive bullish moves that may come out of Sui’s token appreciation. Here are levels we highlighted as discounts from which we will be dollar-cost-averaging into this project;
$1.2029 - Entry 1
$1.0197 - Entry 2
$0.6774 - Entry 3
$0.3830 - Entry 4
These are key liquidity levels that may serve as a pivot point for a bullish continuation after the price pulls back from its ATH.

TAKE PROFIT LEVELS.

If we are well positioned in, our first profit-taking level will be the range expansion above the current ATH which will be 3X from our initial entry point. We are very optimistic about this project going to the moon so we will be dollar-cost-averaging out our investment into this project. For-profit taking:
$3.6 - Take Profit 1
$6 - Take Profit 2
$10 - Take Profit 3
$13 - Take Profit 4

Final Thoughts

Remember to trade in your own best interest, only commit what you can afford to lose. May the market go with us!
We may make a review of this publication as the market evolves...
If you need a further breakdown, inquiry, or analysis on any particular coin, feel free to email us (cryptoalpharesources@gmail.com).
See you again soon. May the markets go with us!
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