the secret to success in crypto is to ignore what’s happening now and ask yourself what comes next so what comes next right now everyone is focusing on salana because president Trump literally launched a meme coin on its chain however what comes next could be a massive rotation into SOI a suie is held by one of Trump’s Sons it’s sponsored Trump’s inauguration and it also has big plans for 2025 and that’s why today we’re going to bring you up to speed on what sui has been up to uh see what the project is planning and look at how high its sui coin could go as a result my name is Nick and this is a video you need to watch until the end before we get started it’s important to note that nothing in this video is financial advice its educational content intended to inform you about suie and also do note that many members of the coin Bureau team hold suie as part of their personal crypto portfolios but you can rest assured that we will be as objective as possible in our analysis as always if you want to see our full portfolios well then you can become a member of the coin Bureau club members not only get access to our full portfolios and watch lists but also deep dives into promising altcoins every week and actionable crypto Alpha every day you can become a member of the club using the link down below now it’s been more than 5 months since we covered suie and a lot has happened since then in September last year sui began accepting pre-orders for its sui play handheld gaming device it’s expected to be shipped in the coming months and will apparently support both web 2 and web 3 games for context gaming is the first step Inu strategy to achieving Mass adoption the second step is to grow the total value locked on its blockchain and the third is to support Commerce use cases the three aren’t sequential per se but underscores the fact that sui is likely to be dominant in the game f Niche another thing that happened last September was the launch of sui native bridge for reference sui has been building out its own infrastructure to compete with the likes of salana and this includes creating its own Bridge using its own high performance data Oracle And even launching its own storage solution S Storage solution is called walrus and its white paper was actually released last September as well the walrus test net launched in October and its main net is expected to launch sometime this year tusky a Dropbox like project on walrus has already seen over a million uploads and 60,000 users on testnet notably walrus will feature its own token called wall and it seems like it will be aird dropped to test net participants even more notably changes to us crypto regulations under the Trump Administration could make it possible for the wall airdrop to be more widespread uh for those unfamiliar us users are often blocked from receiving airdrops because of well regulations airdrops could also supercharge the sales of sweep play anyways back to October another thing that happened in October was the launch of native usdc on sui sui subsequently integrated Circle cross-chain transfer protocol or cctp in December for those who don’t know cctp makes it easy to move usdc between blockchains that native usdc the Practical effect of this is that it becomes easier to move money between chains and you’ll recall that one of sui’s key focuses is to increase the tvl on its blockchain oddly enough though the amount of stable coins on sui has basically been stagnant despite the cctp integration more on that a bit later by the way if you enjoying this video so far be sure to smash that like button to let us know and don’t forget to subscribe and ping the notification Bell as well to make 100% sure you don’t miss the next one now November was when things got interesting for starters asset manager Vanek launched a SOI product foreshadowing a potential spot ETF filing then FD USD stable coin launched on sui FYI FD USD appears to be affiliated with binance and was only available on ethereum and BNB prior to S that’s why it’s interesting that theu blockchain experienced an outage right after this announcement in a postmortem the suite team explained that the outage was caused by a single abnormal transaction submitted to its blockchain That validators Couldn’t process nothing to see here we’re sure anyhow fortunately the outage didn’t dissuade asset manager Franklin Templeton from partnering with sui a few days later unfortunately the outage did seem to overshadow the news that sui had launched its BTC staken in a partnership with abon’s layer to in retrospect it probably wasn’t the best timing things started looking a lot more bullish for sui in December though the biggest Announcement by far was the news that the Phantom wallet will be adding support for sui it’s not entirely clear when this is expected to occur and the Phantom wallet does not support the sui blockchain at least at the time of shooting this video still it’s not a question of if but when as most of you all know Phantom is the number one wallet on the salana blockchain and is quickly becoming the most popular crypto wallet of all it apparently has over 7 million monthly active users and it also flipped the coinbase app in both app stores in November Phantom integrating sui means it will become that much easier for people to interact with sui’s onchain ecosystem at the same time it highlights the fact that sui and salana could go head tohe head in a big way they will literally be competing for users from within the same wallet which is pretty crazy on that note a survey of developers on salana from earlier this month revealed but they would either switch to building on SOI or on base if building on salana became a problem for whatever reason and we reckon that most would go to sui uh since move is based on Rust the programming language used by salana and speaking of the Phantom wallet it raised $150 million earlier this month month uh to bring you up to speed Phantom raised almost $120 million in previous rounds before that so this brings the total raised to almost $270 million and that’s more than most crypto projects and it suggests that Phantom will continue gaining dominance now I’d be remiss if I didn’t mention another announcement that the sui team made earlier this month and that’s that miston labs’s Chief legal officer Kevin Boon being appointed as the company’s president to bring you up to speed M Labs is the American software company that built theu blockchain from our perspective Kevin’s appointment is additional evidence to the idea that the airdrop of the wall token and any potential airdrops associated with the sui play could be big and available to us users and that’s simply because the blog post announcing Kevin’s appointment refers to both catalysts in fact we believe that it’s possible that airdrops could be how crypto blockchains compete for users in the coming months and sui seems to be positioning itself for this possibility a crypto wallets could also do airdrops to attract and retain users and it could also explain why sui wanted to integrate with Solana’s Phantom wallet it may do an airdrop to users in the coming months but uh we will come back to that a bit later first we need to look at su’s Price action in our previous update we predicted that sui would rally up to around 3 or $4 and this was because sui’s onchain activity had flatlined but its total value locked was Rising suggesting that there was only one direction su’s price and onchain activity could go and that was up sui ended up significantly surpassing our Target rallying to around $5.4 in early January and what’s fascinating is that this rally appears to have corresponded to the appointment of Kevin as president and this could be circumstantial evidence of the idea that sui Wales know how big SOI could get with him at the helm what’s even more fascinating is that the sui rally occurred without a significant increase in onchain activity a sui scans analytics dashboard reveals that the number of active wallets stayed flat while SOI rallied and this is further evidence of the idea that sui whales have been driving the recent rally to refresh your memory sui’s rally over the summer appear appears to have been driven almost entirely by defi leverage SOI Wales borrowing against their SOI to buy more SOI what’s truly fascinating is that the rally that happened in the fall appears to have been driven primarily by stablecoin borrowing rather than SOI borrowing as the tvl of both on SOI have an inverse relationship on defi llama this is a long- winded way of saying that sui Wales continue to be the primary driver of the sui rally for the time being at least that’s what it looks like obviously this isn’t a sustainable strategy assuming this is the one that has been undertaken or what’s needed is more retail speculation particularly for the cycle top if sui doesn’t get more retail speculation in the short term then sui may not go much higher than $6.4 or so if suie does get more retail speculation in the short term then it could go as high as $10 as this is the Target that most people would be eyeing again this is in the short term as in over the next few weeks in the longer term though I.E over the next few months our sui Target hasn’t changed in that we believe it will hit between 20 and $25 and this is because we believe that sui is following salana one cycle behind in 2021 soul hit a market cap of $80 billion a soie hit in a market cap of $80 billion would translate to a price of about 20 to2 $4 a coin believe it or not but it’s possible that sui could go much higher than this just because it’s part of a crypto Niche that hasn’t gotten big yet in case you missed the news that Niche is gamey if sui is already around $ 20 to $24 when game five starts getting really big it could potentially keyword potentially rally as high as 40 or even $50 now whether s could rally as high as $40 or $50 ultimately depends on its upcoming milestones and as it so happens sui co-founder ad AB Odin recently published an xost about sui’s plans for 2025 it’s long and Technical so we’ll just give you the highlights the full post will be down in the description below the first highlight is Misti setti version 2 which will essentially make sui exponentially faster Adan didn’t specify exactly how much faster but did note that the upgrade will be released in 2025 if myy version one is anything to go by then we should get a sense of these performance metrics in the coming months by the way we actually interviewed ADI last year on our second Channel more coin Bureau and he talked about the misy roll out and much much more that’s linked to right over here if you want to come back and watch later anyways the second highlight is a sui Improvement proposal that seeks to address maximal extractable value or me without getting too technical me is effectively when a validator reorders transactions in a way that benefits them rather than in the way they should be processed based on the fees that were paid this is more significant than you might think because that aention survey of salana developers revealed that meev was their biggest problem with the salana blockchain a sui’s move pun intended to address meev on its chain is therefore a not so subtle signal to salana developers to move over to sui now the third highlight of Adin expost is the launch of walrus which we revealed will occur sometime in q1 and that’s between now and the end of March for anyone wondering and that reminds me sui is planning a massive gaming Summit in March this could be around when the sui play handheld device finally does ship but back to walrus another Milestone related to walrus that’s coming is the launch of seal I’m loving these names by by the way anyway seal is practically a privacy protocol for data stored on walrus and this will make it possible to launch truly useful protocols on sui such as decentralized Storage Solutions and decentralized streaming Solutions the fourth highlight is a series of Milestones related to improving the developer experience on sui and this includes a long list of things such as making it easier to query data from the sui blockchain an AI to check if the sui code you wrote is correct and a simplified software veler kit to write this code the fifth highlight is related to users and that’s a new protocol called kelp that will make it easier to interact with daps and make it easier to back up and recover wallets Su co-founder and M labs’s Chief cryptographer Costas chelus actually won a hackathon with this kelp me Product very smart guy the last highlight we’ll mention here is the official launch of suie play which I’ll remind you could happen at that gaming conference that sui is planning in in March Adan emphasized that quote gaming is sui’s trojan horse for Mass adoption and revealed that over 70 games will be launching on sui play in 2025 ad even went as far as providing a road map for how he foresees gamei evolving in the coming years as you can see he believes that we’re in the uh breakout stage of game Fire’s adoption that major gaming Studios will start adopting game five by 2027 and that all Gamers will be crypto Gamers by 2030 now that’s ambitious adon’s prediction is that microtransactions in these games will create a surge in onchain activity and tvl for sweep this onchain liquidity will be managed by the Deep book protocol which happens to have been created by miston labs in fact the same is true for walrus it was also created by miston Labs come to think of it almost all of sui infrastructure Protocols are being built by m labs and this of course brings me to the challenges that sui could face in the coming months the first challenge is more of a well double-edged sword and that’s centralization on the one hand sui centralization means that it’s able to move faster than other crypto projects including salana and this gives it a huge competitive advantage on the other hand though sui’s centralization could present a massive risk to the project Once Upon a Time this risk was regulatory these days though this risk is more related to sui’s price and the operation of the sui blockchain for example it seems that sui Wales are the key drivers of its price on the developer front M Labs has been the key driver of sui’s development now the good news is that sui developer team is extremely talented and even features Sam blackshire their creator of the move programming language the bad news is that this also arguably presents a single point of failure and this ties into the second challenge that suie could face in the coming months and that’s competition you see the thing about crypto is that it doesn’t always matter how talented your developers are or how fast your blockchain is the mcoin Mania and the launch of Trump’s mcoin should make that clear in crypto what matters is that you’re able to attract the attention and investment of investors and create the kind of fomo that leads to the blowoff top like it or not but this is something that salana managed to do very well with the mcoin craze and now it has become the de facto blockchain for mem coins meanwhile blockchains like the base layer 2 seem to be trying to cement themselves as ground zero for AI agents which are undergoing a similar craze as mcoins and this begs the question of what the fomo factor for sui will be the answer could be lucrative airdrops related to the sui play handhold this relates to sui’s Third challenge though and that’s the fact that the sui play handheld could make or break sui’s potential during the crypto bull market in case you forgot sui’s focus is gamey and it seems that these gamei Ambitions are riding on the sui play handeld which is a risky strategy in our view uh for instance uh deliveries of the sui Play device could be delayed for whatever reason the devices themselves could have issues related to Hardware or software the worst possible scenario would be an exploit of the platron operating system used by the handheld device that results in Lost user funds at the same time successful deliveries of sui Play devices could leave sui holders asking what’s next of course sui has no shortage of technical Milestones but these aren’t very appealing to retail not only that but there is Extreme competition for the other use cases sui could offer like decentralized storage with all of that said though there’s a reason why so many of the coin Bureau team hold sui as part of their personal crypto portfolios in short it’s one of the most impressive cryptos by every possible metric and it’s one of the few that appears to have a real shot at achieving true Mass adoption this cycle its centralization though controversial has allowed it to Leap Frog over its competitors to the point that it’s in a head-to-head competition with salana currently the most popular crypto after Bitcoin it’s almost as if the OG bitcoiners were right when it comes to Smart contract cryptos the most centralized will win in this case the fact that Su is based in the US and was originally created by Facebook AKA meta is another competitive Advantage considering that Trump’s Pro crypto policies will likely benefit us cryptos the most the fact that Su reportedly held by one of Trump’s Sons is really just the uh cherry on top when you combine with the likelihood that game fire will become a big narrative this cycle and that sui has already pumped a lot you realize that the risks to suie are to the upside possibly more so than many other large cap cryptos we’re excited to see what comes next and we’ll be sure to keep you posted now if you enjoyed that video uh don’t forget about that aforementioned interview with ad that’s right over here or are you Keen to to see how salana and suie match up well check out that video right over here subscribe to the channel yet no well you can change that right now by hitting this button right here that’s me for now Nick out [Music]
