Remember and see! SUI has a total supply of 10 billion and currently the supply circulation is still very small,
so a reasonable price is $ 1 to $ 0.5, but if circulation increases, SUI will obviously dump far deeper than now, even below $ 0.1,
so be careful if you want to buy SUI.
First of all, i am not defending Sui or telling it's a good buy. Imho 100 validators is not enough, but referring to total supply without telling the issuance rate is quite misleading. In most cases it takes ages to reach theoretical max supply. People seem to be fixated on bitcoin level of scarcity without realizing that it wouldn't necessarily serve a purpose in other kind of coins
What comes to the price. I wouldn't touch it. But right now i wouldn't touch to almost any altcoin. Except i am DCA:ing some eth as i believe i would regret not getting in now.
How many years sui could reach its total supply ? And how much the burn rate they have ? I am not starting DCA before whole developer coin are unlocked. Or venture capital coin are unlocked too. It is still too risky to invest in it when venture capital still holding a bunch of it, nor conaidering there are a lot of compatitor on L1 blockchain like SEI,avax,solana, Ethereum, etc.