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SUI

Sui (SUI) Price Index

$ 1.68 Ƀ 0.00003255
  • MarketCap
    $ 1,961,299,578
  • Volume
    $ 403,252,062
  • Change
    3.17%
suiSui
$ 1.68
$ 1.68
3.17%
1,55
SUI
Sui (SUI)
$ 1.68
SUI
Sui (SUI)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on September 07, 2023 | 3 min
Updated on Dec 11, 2023

Overview: What is SUI?

SUI is the native token for an advanced decentralized layer-1 blockchain platform. The Coin is designed to power a range of decentralized applications (dApps) and smart contracts, offering versatility and efficiency.

 

What Makes the SUI Unique?

The uniqueness of the Coin lies in the underlying technology of the network that it powers, as its potential for scalability and speed distinguishes it from other blockchains. The Sui blockchain’s architecture is tailored to facilitate high transaction throughput and low latency, making it an attractive and innovative option for developers and users alike.

 

What Is SUI Coin Used for?

Primarily, SUI serves as a utility token within its native ecosystem, enabling transactions, governance, and incentivization. It is used to pay for transaction fees, participate in the decision-making process regarding the future direction of the project, and reward network participants, thereby ensuring a vibrant and active community around the token.

 

How Does SUI Coin Work?

At its core, Sui functions through a decentralized ledger, employing advanced consensus mechanisms to validate and record transactions. This ensures not only the security of the network but also its efficiency, making it a robust platform for a wide array of applications, from finance to gaming.

 

How Is the SUI Price Determined?

The price of SUI, like most cryptocurrencies, is driven by supply and demand dynamics in the market. However, other factors such as investor sentiment, market trends, technological advancements, and overall adoption of the Sui platform will also play a significant role in determining its value.

 

What Is the SUI-Coin Price Prediction for 2030?

Looking towards 2030, numerous factors suggest that SUI could experience significant growth. Given its technological foundation and increasing adoption, analysts are optimistic about its future. For example, CoinMarketCap forecast a price surge to $37.06 by 2030. Yet Binance predicts a price of just $0.96. Most 2030 analyst projections for SUI hover around the $9 mark. However, as with any price prediction, it is critical to approach these forecasts with caution due to the innate volatility of the crypto market.

 

How Is the SUI coin Network Secured?

Security in the Sui network is paramount, achieved through a combination of cryptographic techniques and a robust consensus mechanism. This not only safeguards the integrity of transactions but also strengthens the network against potential hacks, making it a reliable, secure platform for users and developers.

 

Where Can You Buy It?

SUI tokens can be bought on various cryptocurrency exchanges. Availability may vary based on geographic location and the specific policies of each individual exchange.

 

How Can You Buy It?

Buying SUI requires you to set up an account on a cryptocurrency exchange that lists SUI, complete any necessary KYC (Know Your Customer) procedures, deposit funds (either fiat or crypto), and then execute a SUI trade.

 

How Can You Store SUI coin?

Storing SUI securely is crucial. It can be held in wallets that support its blockchain – these could be hardware wallets, software wallets, or even wallets provided by exchanges. The choice depends on the user’s preference for security versus convenience.

FAQ

When was the SUI coin launched?

SUI coin was launched on May 3, 2023.

 

Who is the founder of the SUI token?

Sui was built by MystenLabs, a company founded by Evan Cheng, Adeniyi Abiodun, Sam Blackshear, Kostas Chalkias, and George Danezis. They also created the SUI token.

 

What is the future of the SUI coin?

Considering its strong technological foundation and utility, the future of SUI seems potentially promising, though it is subject to the usual uncertainties of the highly volatile and unpredictable crypto market.

 

How many SUI coins are there?

The total supply of SUI coins is capped at 10,000,000,000 (ten billion tokens).

 

Is SUI listed on Binance?

Yes, SUI is listed on Binance among other major exchanges, and this positively influences its accessibility and liquidity.

 

Is SUI better than Solana?

Both Sui and Solana offer innovative, highly scalable solutions, the determination of which is better will depend on your specific network requirements.

 

How do you open a SUI wallet?

Opening a SUI wallet involves choosing a compatible wallet, creating an account, and securing the private keys safely.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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