DYOR on SUI
Yaser Rahmati | یاسر رحمتی
Let’s apply the DYOR strategy to the SUI cryptocurrency:
1. Understand the Project
Project Overview:
SUI is a high-performance Layer-1 blockchain developed by Mysten Labs. It focuses on scalability and low transaction fees.
Read SUI’s whitepaper to understand its approach to parallel transaction execution and Move programming language.
2. Examine the Team
Team:
The core team consists of former Meta employees who worked on the Diem project.
Research their profiles to validate expertise in blockchain and scalability solutions.
3. Analyze Technology
Technology:
SUI uses the Move programming language, which is designed for secure smart contracts.
Review its GitHub repository for updates and active contributions from developers.
4. Study the Market
Competitors:
Compare SUI with other Layer-1 blockchains like Solana and Aptos.
Identify its unique value proposition, such as low-latency transactions.
5. Fundamental Analysis
Market Cap:
Check CoinMarketCap to see SUI’s current market cap and rank.
Trading Volume:
Analyze its 24-hour trading volume to evaluate interest and liquidity.
Token Distribution:
Review the allocation of tokens among the team, investors, and public.
6. Technical Analysis
Use TradingView to analyze SUI’s price chart.
Identify support and resistance levels.
Study price trends and volatility.
7. Evaluate the Community
8. Check News and Partnerships
Look for announcements about partnerships with dApps, exchanges, or enterprise collaborations.
Assess whether they align with SUI’s roadmap.
Final Tip
Always make investment decisions based on your own research and understanding. Never rely solely on recommendations without verifying the data.
Would you like a deeper dive into any specific aspect of this process?
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