![]() For instance, the network recently joined hands with Dell and Linux to develop a platform that will be used in rating data trustworthiness. In line with this, the company has entered in several collaborations with key industry leaders in 2019. IOTA can only achieve its potential by incorporating the support gurnard from strategic partnerships. Petersburg Polytechnic, The Government of Thailand, Evernym, Paragon, Satoshi Pay and the latest partnership with Land Rover. At the moment, IOTA has partnered with firms like Cisco, Volkswagen, Samsung, Innogy, F6S, Luxoft, St. IOTA has not been left behind in terms of signing partnerships and collaborations. Partnerships give crypto more utility cases and validation for real-world uses. One of the ways to push for this mainstream adoption is by forming partnerships. When trading in stocks your capital is at risk.All cryptocurrency projects in the world desire acceptance in various industries and economies around the world. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. Each investment is unique and involves unique risks. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. I suspect that these holders will now attempt to exit their positions to at least recoup their initial investments. This is important since Sui Network boasted a valuation of over $2 billion before its mainnet launch. Therefore, while Sui is not a meme coin, many traders are putting it in that category.Īs a result, since I expect many of these meme coins to implode, there is a likelihood that it too will crash hard if this happens.įinally, I suspect that many insiders and early investors, including venture capital firms will start dumping their stakes. Some of the top meme coins that are becoming popular are Pepe, Mrs Pepe, Ben, and Milady Meme Coin (LADYS). Second, Sui was launched in the same period as the meme coin season was getting underway. For example, Aptos, another Diem platform, has also struggled to gain critical mass. We have seen this happen with other new smart contract platforms recently. All these platforms have projects already, which means it will struggle to gain market share since the industry is maturing. Also, it is competing with layer 2 networks like Optimism, Arbitrum, and Polygon. Sui is competing with other layer 1 networks like Ethereum, Solana, Cardano, and Polkadot among others. The challenge is that this industry is highly competitive today. It is built on Diem’s architecture, meaning that developers can use it to build decentralized applications in industries like gaming and decentralized finance (DeFi). It describes itself as a decentralized permissionless smart contract platform. First, Sui is a new blockchain in an industry that has become highly competitive. There are several reasons why I believe that Sui is not a good investment. ![]() Sui still has a market cap of over $558 million, making it one of the biggest cryptocurrencies in the world. The token, which exists on Ethereum’s network, was trading at $1 on Friday, lower than its all-time high of $2. Sui price has moved sideways in the past few days as a somber mood has engulfed the cryptocurrency industry.
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