Portfolio Change❗: Why we allocated to SUI in our portfolio
$SUI is again looking interesting and is looking to hit support on the trendline it has been building on the SUI/$BTC chart, as can be seen on the attached image. Because of this we have shifted a part of our portfolio to SUI to capitalize on this trend line. We expect this popular altcoin to also outperform $ETH as long as SUI is keeping this trendline intact. 🚀
Together with strong technicals we also believe in the fundamentals of SUI. The network is developing quick adoption and is growing to be one of the most used altcoin networks in the blockchain space. As an example, SUI already has over 730.000 daily active users on the network
🤯. That is more than Ethereum, excluding layer-2 networks on ETH.
Due to this massive adoption we can see SUI entering the top 10 list of biggest cryptocurrencies as it is outperforming many altcoins on key metrics such as network usage. These are key drivers for pushing the price towards new all time highs.
Spot on analysis! Fully agreed