We’ve tried to warn you in regards to the potential for Sui crypto for months now, and we hope you listened—as a result of the SUI value is hitting new all-time highs nearly daily!
Sui
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Value
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Final 7d value motion
goals to outshine Solana as a number one L1 challenge; it even grabbed the highlight in our 99Bitcoins portfolio reveal video. At this time, in our new 99Bitcoin 2-minute review, we’ll clarify what Sui is and how one can purchase it in two minutes.
Is Sui Crypto the Greatest Solana Killer?
Sui is a brand new platform for constructing decentralized functions much like Ethereum or Solana. It’s additionally a part of this new wave of what we’re calling “Solana killers”, particularly amid excessive octane SUI value progress in 2024.
It is because Sui flaunts a theoretical ceiling of 297,000 transactions per second, dwarfing Solana’s 65,000 TPS benchmark.
Sui
@babylonlabs_io
@Lombard_Finance
With our powers mixed, we’re bringing Bitcoin liquidity to the Sui ecosystem.
That’s proper, Bitcoin holders – you’ll quickly be capable of stake your BTC and obtain $LBTC natively minted on Sui.
— Sui (@SuiNetwork) November 25, 2024
Sui can be rising as a fertile floor for DePIN initiatives (or decentralized bodily infrastructure networks). Watch our interview with the CEO of Chirp Wireless to be taught extra about DePIN.
If you wish to purchase Sui on the time of this video, sadly, you can not achieve this on Coinbase – however there are straightforward methods to stack probably the most promising layer-1.
How you can Purchase Sui in 2 Minutes
What you’ll wish to do is purchase Solana on Coinbase and ship it to your Phantom Wallet browser extension
If you happen to don’t have Phantom but, arrange an account as a result of it’s easy, and this SOL-based community has a lot decrease charges than Ethereum.
Subsequent, you’ll wish to arrange a Sui wallet so that you’ll be able to obtain your Sui tokens.
From there, Google Search “Wormhole portal bridge” and click on on the highest hyperlink. If you happen to’re at this step, join your Phantom Pockets to the highest a part of the transaction and your Sui Pockets to the underside portion. IMPORTANT: Your Sui pockets exhibits up as wrapped SOL tokens, which is simply Solana on the Sui community.
If you happen to’ve received all that setup, you’ll wish to swap your Solana tokens for wrapped SOL, which can present up in your Sui pockets after you settle for the transaction. Acquired it? Cool
It’s best to test your Sui pockets after the transaction is full. Then, you’ll be able to freely swap that wrapped SOL for actual SUI tokens.
Congrats! You now personal Sui.
Now you can stake your Sui tokens, use them in SUI’s DeFi ecosystem, or maintain them. Properly, that’s all we now have for now. Take pleasure in your new Sui tokens, and be sure you subscribe to the 99Bitcoins YouTube channel for extra academic guides.
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