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#SUI SUI public chain has performed remarkably this year, with the coin price surpassing the 4-dollar mark. This rise is not merely speculative, but stems from its solid technical foundation. The trading mechanism of SUI is impressive, with almost negligible low transaction fees becoming a major highlight.
The thriving development of the ecosystem has further driven the growth of SUI. This year, the total locked amount in DeFi surged by 42%, with gaming and financial applications emerging continuously. Recently, the SEC began reviewing the spot ETF proposal for SUI, and this news immediately triggered a 10% jump in the coin price, reflecting strong interest from institutional investors.
However, investing in SUI still requires caution. The 65.5% of unlocked tokens may exert pressure on the price; the current situation with only over 20 nodes has also raised concerns about the level of decentralization. Additionally, the SEC's stance on stablecoins is still unclear, and these factors may pose potential risks.
Nevertheless, SUI is still considered a cryptocurrency with strong potential. The powerful support behind it and the continuously developing ecosystem make it likely to become the next SOL. Investment opportunities may arise during market corrections, and it is recommended to pay attention to price trends around 4 dollars and consider entering in batches in the 3.85-3.7 dollar range.
Overall, the SUI public chain has shown remarkable development momentum, but investors still need to weigh its potential returns against risks. With the continuous improvement of the ecosystem and ongoing interest from institutional investors, the future development of SUI is worth looking forward to.