In each bull marketing there has been "alt coin" tokens that have shined but for the most part a majority of the wealth was still consolidated to primarily Bitcoin and then Ethereum in the alt coin seasons. Now sure there are some far off tokens with lower market caps that exploded in value but none of them really stuck around.

This cycle however is starting to feel different and this is why I personally feel it's the case. Before I jump into this here's a little legal snippet just because. Do your own research before investing and understand the risks. This article is for entertainment purposes only.

The first few bull cycles mainly saw just bitcoin rally. There were far few tokens at the time primarily Litecoin, Ethereum and Bitcoin were your main ones with some little off the wall ones like Doge which held pretty much no value at all back in the day.

This then sparked a Layer 2 token frenzy on Ethereum in the next two bull markets but both of them were meat with insane high fees from Ethereum which started to spark alternative blockchains.

This in turn has now shown us other chain doing fairly well. You now have the likes of BNB holding the 4th spot in market cap, Solana the 5th, Ton 10th and so forth.

These tokens hold some rather decent market caps and while they are no were near the levels of Ethereum or Bitcoin it still shows us that there is room for growth is Ethereum for example just isn't pulling it's weight in terms of a real solution in crypto.

This has sparked speculation on what newer style blockchains and tokens could possibly overtake Ethereum in the next few years and in particular the next bull market.

Introducing the possible next bull market token...

SUI

SUI is only about a year old in terms of its mainnet launch. It was birthed out of the last bull market but never released to mainnet until roughly a little over a year ago.

Remember when Facebook tried to launch their own blockchain? and stopped for regulatory reasons. Well SUI is the brainchild of just that picking up where Facebook left off. A number of people building this project are actully from the Meta/Facebook Libra team.

SUI is a layer 1 blockchain so think of it as Bitcoin, Ethereum, Solana for example.
It also runs smart contracts, it also uses a unique programming language called move which was the original Facebook Libra project.

SUI's blockchain is unique in that it uses something called "objects" for scalability. At the moment they currently show SUI as being able to support nearly 300,000 transactions per second otherwise known as TPS and time of transaction around 400ms so faster than a second.

SUI does all of this with what is known as parallel computing.

This isn't ground breaking but any means as it's been tried many times and has been many times in the past but it does provide a decent solution to the issues of scalability for blockchains. This has also had mixed results but if it's done right and can be done then SUI could have a leading edge on it all.

On top of that SUI is doing a lot of other side projects that will go along with the chains release. This is where I always say a blockchain is now like a business/company. You can build the most beautiful thing in the world but if no one is building applications and use cases on top of it then your blockchain aka business is dead in the water.

SUI looks to be on top of this by working on side projects that will work with SUI such as the SUI gaming device with a massive $599 price point on it.

Now personally I'm not a big fan of this. Playstation itself is having a hard enough time trying to sell their own platform and the gaming world has been in a bit of mixed feelings of people wanting to either use their phone only or their PC and not buy a $700+ hunk of hardware.

That aside they are working on zkLogin which should help with user onboarding something that is critical for mass adoption.

and a rather odd interesting one is being able to broadcast to the blockchain via radio waves if you don't have internet access. Seems kind of wild on this one and just a nice to have feature more than anything at the moment.

The Core

The main features of the blockchain are that SUI is a DPUS delegated proof of stake network, it can also be used for fees on the platform and as a governance token of the platform.

SUI seems like a decent solid possible project that could take off in the alt coin markets.

*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.

Posted Using InLeo Alpha