L1 blockchain in the Move language, offering a large number of innovations: removal of information from the network, single liquidity within the blockchain. The project was released on May 3 and trading on exchanges began the same day.
The nearest competitor Sui is the project Aptos, similar between themselves in many parameters, these projects in the future probably will create their own ecosystem on the model of Ethereum and Cosmos. At the moment, these two projects can be called the gems of the L1 solutions market. Speaking about the gems, read this article to the end and find most profitable ones.
Project metrics
SUI price: $ 1.18
Circulating supply: 528 273 SUI
Total supply: 10 000 000 SUI (5.28%)
Market capitalization: $620 mln
FDV (Total supply X SUI price): $11.7 bln
Given the stage of the Sui project, the most relevant metric in terms of competitive analysis, is FDV. SUI's FDV currently outperforms Matic, its closest competitor Aptos, Near and Solana. Based on this metric, we can say that right now the price for an SUI token is overheated relative to the overall market and the project currently has no fundamentals to justify such a price. Over time, unlocking the tokens should reduce the price and make it more fundamentally sound. We are much more interested in what to expect from SUI in the future, for which we will use the price dynamics of Aptos.
What to expect from SUI in the future?
In a month, SUI will fall to the level of $0.6-$0.7, which will make the overall FDV of SUI the most market balanced in relation to the state of the project
Given the high market momentum over the last 4 months, SUI will actively trade in the price range, gradually eliminating margin players on both sides
In ~60-70 days after entering the price range, only strong hands will remain in SUI who are interested in supporting and growing the ecosystem
This cohort of investors will be the driver for TVL growth, ecosystem booster and new promising projects
New projects will attract the mass investor who will start buying up SUIs and using their onchain to maximize profits
A game of burning chairs will begin, during which those users who came to the project early will earn the most
What to do now?
The nearest competitor Sui is the project Aptos, similar between themselves in many parameters, these projects in the future probably will create their own ecosystem on the model of Ethereum and Cosmos. At the moment, these two projects can be called the gems of the L1 solutions market. Speaking about the gems, read this article to the end and find most profitable ones.
Project metrics
SUI price: $ 1.18
Circulating supply: 528 273 SUI
Total supply: 10 000 000 SUI (5.28%)
Market capitalization: $620 mln
FDV (Total supply X SUI price): $11.7 bln
Given the stage of the Sui project, the most relevant metric in terms of competitive analysis, is FDV. SUI's FDV currently outperforms Matic, its closest competitor Aptos, Near and Solana. Based on this metric, we can say that right now the price for an SUI token is overheated relative to the overall market and the project currently has no fundamentals to justify such a price. Over time, unlocking the tokens should reduce the price and make it more fundamentally sound. We are much more interested in what to expect from SUI in the future, for which we will use the price dynamics of Aptos.
What to expect from SUI in the future?
In a month, SUI will fall to the level of $0.6-$0.7, which will make the overall FDV of SUI the most market balanced in relation to the state of the project
Given the high market momentum over the last 4 months, SUI will actively trade in the price range, gradually eliminating margin players on both sides
In ~60-70 days after entering the price range, only strong hands will remain in SUI who are interested in supporting and growing the ecosystem
This cohort of investors will be the driver for TVL growth, ecosystem booster and new promising projects
New projects will attract the mass investor who will start buying up SUIs and using their onchain to maximize profits
A game of burning chairs will begin, during which those users who came to the project early will earn the most
What to do now?
- Wait for a local drop of SUI, who wants to open a short trade
- Gain positions in the pro-trading range
- Use your SUI in the ecosystem, or increase the position if you trade on the futures (Do not forget about risk management!)
