Sui ($SUI) has made new ATHs 4 times just in the last month. Is Sui the Solana of this bull run? Sui has already made a good 16x off its all-time low of 36 cents. That was in October 2023. So, can it beat Solana’s 170x potential from 2021? Where is all this growth coming from? There are many reasons for this. I will cover all of them in this video. But one of the most important ones is that some ecosystem projects are doing really well. That’s where I am focusing right now. Sui also has plenty of airdrops that come with all these new projects.
For example, yesterday we saw the Bluefin ($BLUE) TGE Token Generation Event. And today is the Suilend ($SEND) TGE on Sui. Now, keep reading until the end. I have some good early crypto bullrun leads to share with you. For people like you who want to find super early crypto opportunities.
Why Is $SUI Pumping?
One of the reasons that $SUI is pumping so hard is the new partnerships with big Solana projects.
- Phantom. The original Solana wallet. It has 7 million monthly users.
- Backpack. Besides being a great wallet, it’s also an exchange.
wen sui? soon
pic.twitter.com/o7MtPMkfpS— Phantom (@phantom) December 5, 2024
Both will increase the inflow of native users into Sui’s ecosystem. Sui’s DeFi, memecoins, and NFTs will all benefit from this. This Sui and Solana partnership is massive for both chains. The best part is that more Solana projects are waiting to join up with Sui.
We also see institutional interest for Sui. Like the recent strategic partnership with Franklin Templeton Digital Assets. Earlier this year, we also saw the Grayscale Sui Trust. So, institutional interest in Sui is on the rise. That is important for a project and stimulates growth.
Is Sui the Solana of this Bull Run?
These are all indications that Sui can indeed be the Solana of this bull run. Don’t get me wrong, Solana should also do well in this market. However, it already has a massive market cap. Doing a 10x from here for Solana would be extraordinary.
On the other hand, Sui’s market cap could still allow for a much higher ATH. If Solana does a 3x from here, it has a $330 billion market cap. That is a 33x for $SUI for where it is right now, to get there.
You can also check my video on how many $SUI you need to become a millionaire. That’s from a month ago, when $SUI still was at $2. Our Altcoin Buzz Alpha members got into Sui at 75 Cents in September 2024, it’s a clear 6.5x in the last 3 months.
So, right now, your best option is to DCA in and out of $SUI. That’s dollar cost averaging. You buy a fixed amount at regular intervals like daily or weekly in USD to take advantage of the price volatility. Then, as the price rises, you take some profits along the way. Now it’s time to look into some Sui ecosystem projects.
4 Sui Ecosystem Projects
Here are four Sui ecosystem projects that are worth checking out.
Deepbook ($DEEP)
Deepbook is the backbone of Sui’s DeFi ecosystem. As such, Deepbook doesn’t have a UI. However, you can find it in almost all major Sui DeFi protocols. Over the last 24 hours, the $DEEP price has gone up by 40%, hitting a new ATH at 94 cents.
Cetus Protocol ($CETUS)
Cetus Protocol ($CETUS) is a DEX and ranks third in TVL among all Sui DeFi platforms. It’s one of Sui’s strongest performers in its ecosystem. The current $CETUS price is 43 cents, and it’s up by 34% on the day.
It has a $267 million market cap and good tokenomics. 623 million tokens out of the 1 billion max supply already circulate.
Look! #Cetus just hit a new ATH in daily volume, with nearly 400 million dollars to be executed in one day
Things have been going crazy on @SuiNetwork. You better be on board.
pic.twitter.com/SaqCdXMui7
— Cetus
(@CetusProtocol) December 13, 2024
Turbos Finance ($TURBOS)
With Turbos Finance ($TURBOS) we have one of the Sui altcoins that has a low market cap. Like Cetus, it’s also a DEX. It has plenty of features on offer. Like,
- Pools.
- Yield strategy.
- Grand Prix. Hold more than 5,000 $TURBOS tokens and collect weekly rewards.
- Turbos Fun is their memecoins launchpad with fair launches.
- Their regular launchpad.
The $TURBOS token is up by 24% on the day. With only an $11 million market cap, this is one to watch.
Blub ($BLUB)
The Sui top memecoin for me is $BLUB. It’s a fish themed memecoin and has the strongest community you can think of.
This is THE memecoin that I can see doing a 100x on Sui. Its current market cap is $54 million. The $BLUB token is up by 37% on the day and 105% over the last 30 days. Keep an eye out for this one.
New #listing
$BLUB (BLUB) will be listed on LBank！@blubsui
BLUB is the perfect marriage of Sui meme culture, water, and fish, bringing a vibe akin to Pepe and similar characters.
Details: https://t.co/NY4IK9lWZT pic.twitter.com/ne5XNT5nn8
— LBank Updates (@LBankUpdates) December 9, 2024
Navi Protocol $NAVX) is another one that performs well. The current $NAVX price is up by 23% on the day. However, the community apparently wasn’t too happy with their airdrop. That’s why it’s not that well liked in said community.
What’s Happening and What Is Still Coming on Sui?
So, yesterday we saw the TGE and airdrop of Bluefin’s $BLUE token. The price keeps rising. It’s currently up by 74% at the time of recording. Congrats to the team for the successful launch and airdrop.
Introducing BLUE – December 11, 2024. pic.twitter.com/BBvAycZlQq
— Bluefin (@bluefinapp) December 10, 2024
Today, Suilend launched its $SEND token. That’s once again a successful launch. $SEND’s price keeps rising and is at $3 at the time of recording. Congratulations are also due to the Suilend team. By the way, did you know that Suilend originates from Solend, another Solana project?
Now, a quick word on our Altcoin Buzz Alpha group. Altcoin Buzz Alpha members have received Bluefin airdrop. They were also notified about a Suilend airdrop strategy. That was 3 months back, and they will now get a big airdrop. If you want to learn about such opportunities, you can subscribe to the group. See the links in the top corner.
More Sui News
And there’s more in the Sui pipeline.
- The KUMO NFTs have their $KOBAN airdrop coming their way any moment now. The NFTs are hovering around a 180 $SUI floor price.
- The $LIQ memecoin is moving forward into becoming an AI agent. That should go live today. This should give $LIQ a positive impulse, with a current market cap of just under $2 million. However, their X account is currently suspended.
- The Kriya DEX has an airdrop coming up. This could be the right time to start farming it.
Have you guys noticed something strange going on with the @Beliquoronsui account ?
I think they might have went rouge . . Or did they go AI Agent
Idk if you’ve noticed the recent activity behind AI Agent accounts like @aixbt_agent, @0xzerebro and @truth_terminal just… pic.twitter.com/zi0PvBxc8i
— Cleanwater.Sui | 669.sui (@CleanwaterSui) December 3, 2024
So, to finish this off for today. I can see a shift coming from Sui memecoins to Sui airdrops and gaming. Xociety is a big game coming up. This insight came in from Altcoin Buzz Alpha team. Follow them on Patreon to get access to early opportunities. What is your favorite Sui project and are you farming any airdrops on Sui?
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Sui.
Copyright Altcoin Buzz Pte Ltd.
The post If You Hold SUI I Got News for You!!! (Act Now) appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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