SUI - Does This New Ethereum Rival Really Have 400x Upside Potential?

2023-05-29 07:00:00 ET

Ethereum (CRYPTO: ETH) remains one of the great all-time crypto investments. If you had invested in Ethereum way back in 2015 when things were just getting started, you'd be up a head-spinning 63,500% today.

So it's perhaps no surprise that the arrival of what some are calling the next Ethereum is cause for celebration in the crypto world. We've seen that already with the likes of Solana and Avalanche -- both were tagged as potential Ethereum killers almost as soon as they launched. And we are starting to see the same phenomenon with Sui (CRYPTO: SUI), a highly touted Layer-1 blockchain that just launched in May.

Sui is a super-fast, super-scalable proof-of-stake Layer-1 blockchain with a nearly impeccable pedigree. Many of the developers at Sui worked on Diem, the big blockchain project from Meta Platforms . And the founders of Sui have already lined up more than $330 million in venture capital from some high-profile names, including Coinbase Ventures.

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