Sui Protocol’s Native Coin $SUI Gains 17% in 24 Hours

The goal of the SUI blockchain is to offer every individual in web3 access to fast, secure and private asset management. It’s little wonder that the protocol’s token has been performing so well on the charts.

Sui has a vibrant community of loyalists, with many of them believing that the $SUI coin is the new $SOL and that in a few years many individuals will regret not investing in the token.

The Blockchain Experience With An Edge 

Sui is a Layer-1 blockchain built to combat the scalability challenges other blockchains face. Sui aims to offer users an unparalleled digital experience by allowing total control of assets at little to no cost, faster speed and enhanced security.

‘Move’ is the open-source programming language of the chain. It is used to write smart contracts that are flexible, secure and require less code.

Sui also prioritizes user experience and strives to ensure no user is left behind. Its platforms employ zkLogin which enables users to get instantly onboarded with ease.

zkLogin eliminates the need for seed phrases by allowing you sign in to decentralized apps with familiar web credentials such as your Facebook and Google profile. 

$SUI Gains 17% in 24 Hours

The blockchain’s native coin, $SUI, is one of the best performing altcoins currently, outpacing the altcoin giants ETH and SOL.

At the time of writing, the token has gained 17.11% in 24 hours and 98.5% in a 30 day period. $SUI currently trades at a price of $3.79, only $0.14 short of its all time high of $3.93. 

SUI has a whopping 24 hour volume of $680 million and a market capitalization of $11.16. 

Conclusion

SUI is a project that is committed to changing the status quo of web3 infrastructure, boasting of successful decentralized apps such as Cetus protocol and Kalos.

The crypto community is bullish on SUI with analysts predicting that the token will reach $5 before the year runs out.