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Sui is a permissionless layer 1 blockchain designed to be both developer and user-friendly. It can support a wide range of application development with unrivaled speed at low cost.
Consensus Mechanism- Delegated Proof of Stake - It is the fastest, most efficient, and most decentralized POS mechanism. It uses a reputation system and real-time voting to achieve consensus. The powers in the network have been delegated and no single party will be able to control the entire process. Every member of the network has more power and rights.
SUI holders select validators based on their total stake. A validator candidate must accumulate at least 30M SUI of stake before joining the validator. If the validator stake goes below 15M SUI, they are removed from the set.
Staking Rewards-
StakeRewards- StakeSubsidies +Gas fees. Validators and delegators receive Sui staking rewards at the end of each Epoch.
Move -
The move is safe and expressive, and its type system and data model naturally support the parallel agreement/execution strategies that make Sui scalable. Move is an open-source programming language for building smart contracts originally developed at Facebook for the Diem blockchain
Sui uses parallel transaction execution to increase throughput.
Transaction per second up to 120000
Time to finality - 400ms
According to DefiLlama, Sui has sprinted past $300 million and overtook BTC TVL on Jan 14th.
SUIUSD pared some of its gains and lost more than 20% from a minor top. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $1.4496 and is currently trading around $1.1189.
The bullish invalidation can happen if the pair closes below $0.680. On the lower side, the near-term support is $0.950. Any break below targets $0.68. Significant downtrend if it breaks $0.50.
The pair's near-term resistance is around $1.260. Any breach above confirms minor bullishness. A jump to $1.45 is possible. A surge past $1.50 will take it to $1.66/$2.
It is good to buy on dips around $0.945-50 with SL around $0.680 for TP of $1.50/$1.65.
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