$SUI provides the ideal cocktail of why holding a token makes sense at this point.
It's finally breaking upwards and I'm convinced that we haven't seen all yet.
The reason for that is the mix of fundamental progress is playing out with the best narrative in the markets: a token valuation going upwards creating a strong community.
I think that a lot of people underestimate the impact of having gasless fees on stablecoins on the underlying protocol.
If you don't need to pay any fees at all while you're using a blockchain, it's quite clear that humans and AI Agents will be using that chain for transfers.
Even better, if there is the ability to do many transactions (in other words: a high possibility of scalability of the underlying protocol), you'll be excluding the risk of third party risk that your transfer won't be delivered to the other side.
The combination is super strong, and on top of that, this month, the team is adding confidential payments.
That's a second part of the ecosystem that I think most of the investors aren't aware of that this will be a giant step forward in the use case of crypto in general.
From an use case perspective, this brings everything together for
$SUI to be doing really well.
For sure, there's always the debate of price and valuations and such, you could argue whether TVL is a viable metric, but how I'm looking at investments and trades is that you'd need to be looking at whether or not there's an unique use case and thesis to invest in.
Given that
$SUI has that unique case and has one of the strongest teams in the ecosystem, I'm just very pleased to be seeing the momentum.
Add to that the technical indicators clearly indicating that we're in a bottoming process.
It's up 40% against Bitcoin since the low was made, but given the higher timeframe bullish divergence is still applied, there's a lot more to come towards the price action of
$SUI and I remain consistent in thinking that this is still significantly undervalued.