SUI Crypto, the blockchain gaining notoriety as a possible “Solana killer,” is making headlines once more — this time as an official sponsor of President-elect Donald Trump’s upcoming inauguration.
The sponsorship and Eric Trump’s inclusion of SUI in his cryptocurrency portfolio have heightened pleasure in regards to the token’s future throughout the crypto group.
Eric Trump Portfolio Shines a Highlight on SUI Crypto
Eric Trump named SUI
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in his crypto portfolio, stacking it with Bitcoin, Ethereum, and Solana.
SUI Crypto may not have Ethereum or Solana’s clout, however its fast rise and standout tech make it not possible to disregard. Even with a mean week—up 2.92% in 24 hours and 0.45% for the week—it’s the Thirteenth-largest cryptocurrency, sporting a hefty $14 billion market cap.
99Bitcoin’s analysts level to the Community’s tech and progress as rocket gas for future positive factors, and the Trump household’s crypto curiosity solely provides to the frenzy.
How SUI Crypto Is Completely different to Eric Trump Crypto Portfolio OG Picks
SUI’s roots hint again to Meta’s failed Diem undertaking, spearheaded by Mysten Labs and powered by the progressive Transfer programming language.
SUI’s edge lies in parallel transaction processing and horizontal scaling, protecting charges low irrespective of how a lot site visitors it handles. Utilizing the Transfer programming language, it tracks blockchain property with a degree of safety and effectivity most good contract methods can solely dream of. After which there’s velocity—whereas Solana flexes a decent 65,000 transactions per second, SUI obliterates that with 297,000 TPS in testing.
However SUI isn’t nearly uncooked numbers. It’s making strides in gaming and DeFi, a standout being the SuiPlayoX1 handheld console. This $599 system, out there for preorder as of September 2024, lets customers personal dynamic NFTs related to their in-game progress.
Moreover, big-name backers like Andreessen Horowitz and Franklin Templeton have proven their confidence in SUI’s future, having helped safe over $336 million in funding throughout its Collection A and B rounds.
What SUI’s Sponsorship Means for the Crypto Market
By sponsoring Trump’s inauguration, SUI isn’t simply grabbing consideration—it’s making a play for affect. The transfer dovetails with Trump’s crypto-forward agenda, which advocates lenient rules, tax-free crypto alternatives, and even a federal Bitcoin reserve.
With market optimism rising, Trump’s endorsement and SUI’s involvement might carry elevated visibility and credibility to the token
“What Trump’s group is signaling to different international locations is watch out, otherwise you received’t sustain,” famous Kara Calvert, Vice President for U.S. Coverage at Coinbase.”
Can This Coin Turn out to be the Solana Killer?
Crypto rivalries aren’t breaking information, however SUI’s tech-first method offers it an actual shot at competing with Solana. Tackling core issues like security, scalability, and complexity, SUI is setting itself up as not simply one other blockchain, however the blockchain for mainstream adoption.
Eric Trump’s endorsement and SUI’s sponsorship of his father’s inauguration add weight to its upward trajectory. Whether or not it will possibly really earn its swaggering nickname, the “Solana killer,” stays to be seen. However one factor’s sure—SUI isn’t taking part in for small stakes.
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The submit Eric Trump’s Crypto Investments Shine a Mild on SUI Crypto appeared first on 99Bitcoins.
