I'm considering adding $SUI into my #Altcoin portfolio.
The markets are heavily mispricing assets at this point, which means that we're looking at tremendous opportunities across the board.
I do think that, with that reason in mind, $SUI should be an anchor to my portfolio in the coming period, as some assets haven't been providing the fundamental growth compared to SUI.
Key updates on the $SUI blockchain:
- The fact that you can earn yield on your Bitcoin is a huge advantage, as nobody wants to have idle Bitcoin and not generate a return on that. With Hashi, it's enabling the ability to be generating yield on the $BTC you hold.
- The fact that you're able to create any market essentially through @DeepBookonSui is a great advantage. You can price and build any option market, or leverage, or even prediction markets.
- The most important one is the fact that everyone is able to send transactions for free on the platform, with a result that AI Agents will be using them the most.
Think about it: AI Agents are always looking for the most optimized way of transacting with eachother.
If they can find a spot where transactions are secure, fast and free, they'll go to that place, and that's what SUI is offering.
- The launch of $USDSui, which is essentially the stablecoin enabling those transactions for free on the blockchain.
I've discussed this with Adeniyi on our show, however, the launch is completely live now, meaning that the actual upside is yet to come.
All these updates aren't going to be having an impact immediately to the underlying asset, as it takes time to grow the ecosystem.
However, you're betting with the assets on the future value of the underlying assets, and in that way, I think that $SUI is tremendously undervalued and should be added within my portfolio as one of my anchors.
On a technical side of things, it's currently looking at the higher timeframe support. Many altcoins have been printing new lows recently, which is terrifying and represents the current sentiment of the markets, but it doesn't mean that this market sentiment will remain forever.
It's actually a time to be looking at accumulating these assets, in order to be yielding yourself a potential upside going forward.
That's why, within this range and even lower, it's a great time to be accumulating and that's why I'm considering adding $SUI within the portfolio.
What do you think? Should I add SUI within the portfolio?
Here's my reaction on @wallstreetbets Bitcoin of AI paper
>I go over recent podcast episodes I've had
>Personal insights on bittensor:native
>Bittensor to $1 trillion
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