Sui Cryptocurrency had impressive performance over the past year. As Altcoin, the largest hats, I managed to excel even in a market full of competitors.
Video clip from House of Crypto, YouTube channel, which includes more than 257,000 subscribers, dives into the Sui’s capabilities for the rest of the year. The creator shared his personal experience with SUI, and revealed that he moved a large part of his wallet from Solana to Sai last September. This step has resulted well, giving him the peak of 439 % profit and still sitting in a profit of 174 % even after the market withdrawn recently.
What makes me unique? Everything starts with those who built it. Mysten Labs, The team behind SUI consists of former Meta engineers who previously worked on the scale project on Facebook. They created a programming language called “Move” specially designed for Sui’s Layer-1 Blockchain.
This technical setting gives the serious advantages of sui. According to what is reported, the network can deal with up to 297,000 transactions per second, which makes it one of the fastest government panels around it. This amazing speed, associated with the programming language that developers find easy to work with, attracted many quality projects to build on SUI.
One of the main indicators for Blockchain is the total closed value (TVL) – basically the amount of money used in its ecological system. Even when the broader market was struggling, SUI TVL continued to grow, indicating that people were already using the network instead of just speculating in the distinctive symbol.
Sui the growth of the ecosystem and the main projects
Several successful projects found a home on SUI. Names such as Suiland, Navi Protocol (focused on Defi), STUS ADEX, Scolap, Deepbook and newly launched Walrus building a momentum of the ecosystem. Interestingly, both Deepbook and Walrus come directly from mysten Labs, which indicates that the founding team is actively expanding their Blockchain capabilities.
Related article: We asked artificial intelligence prediction at the SUI price in April
Walrus deserves special attention because it enters the decentralized storage market, as it competes with well -known players such as Filecoin and Celestia. But the rude does things differently. Instead of storing the entire files in one place, it divides the data into a smaller cut called “silver” and spreads it all over the world. Only users only need to connect to 23 network knots to recover their full data, making the system really safer and unanimous.
Sui market opportunity and investment capabilities
The value of the storage industry worldwide is about $ 91 billion, with most of which is controlled by large technology companies such as Amazon and Google. We barely scratch web3 storage solutions like Walrus the surface of this market, which means that there is a huge room for growth.
The Russians are not only theoretical, but are already used by real projects. Lanera uses this for actual time applications, Talis for artificial intelligence agents, and a column to store data around assets in the real world. The project has just launched Mainnet with impressive numbers – more than $ 450 million of distinctive symbols and 999 million symbols already participating in the network.
In addition to its credibility, Walrus supports A16z (Andressen Horowitz), one of the most respected investment capital companies in Crypto. This type of prominent support indicates that the project has long -term capabilities.
Also read: The real reason for the Crypto Market today: Bitcoin Analysis against Altcoin
SUI price predictions
For anyone who is thinking about investing in SUI, the video provides some practical advice: Do not chase “large green candles”. Instead, wait for prices on a new level before considering entry.
While the creator is not expected to overcome the roof of the Solana market during this session, he suggests this Access to an evaluation between 80 and 90 billion dollars is not possible In light of the appropriate market conditions. This is a little more than 10x than the current market value of $ 7.2 billion. Likewise, Walrus is likely to reach 5-10 billion dollars if the Web3 continues to be accepted and the integration of artificial intelligence is gaining traction.
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