{"id":21811,"date":"2025-04-12T16:16:52","date_gmt":"2025-04-12T16:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21811"},"modified":"2025-04-12T16:16:52","modified_gmt":"2025-04-12T16:16:52","slug":"shark-tank-judge-says-this-is-the-hottest-cryptocurrency-in-april","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21811","title":{"rendered":"Shark Tank Judge Says This Is \u2018The Hottest\u2019 Cryptocurrency in April"},"content":{"rendered":"<div>\n<p>In a podcast snippet highlighted by the Altcoin Daily in an Apr. 4 post on X, O\u2019Leary said:<\/p>\n<blockquote>\n<p>\u201cI think the hottest ticket right now is Sui. It\u2019s Mysten. That\u2019s a hot new project.\u201d<\/p>\n<\/blockquote>\n<p>O\u2019Leary laid out the case for investing in SUI this April along the lines of its high-performance transaction speeds and use cases in finance and gaming.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Kevin O\u2019Leary: I think the hottest cryptocurrency right now is <a href=\"https:\/\/twitter.com\/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$SUI<\/a>. <a href=\"https:\/\/t.co\/djnuup7iUt\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/djnuup7iUt<\/a><\/p>\n<p>\u2014 Altcoin Daily (@AltcoinDailyio) <a href=\"https:\/\/twitter.com\/AltcoinDailyio\/status\/1908372382756335718?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ethereum is a bandwidth hog, so the Shark Tank judge says he\u2019s also betting on SUI to win the DeFi horse race. Here are five factors backing O\u2019Leary\u2019s bet.<\/p>\n<h2>1. SUI Price Chart Traces Bullish Reversal Pattern<\/h2>\n<p>At $2.12 in April, SUI\u2019s price was down over 60% from its record high at the beginning of January. But it still notches a solid gain for investors who bought it for $1.40 as it debuted to crypto exchanges in May 2023.<\/p>\n<p>Popular crypto market analyst CryptoBullet wrote in an Apr. 7 update on X that they noticed a bullish technical indicator for SUI.<\/p>\n<p>Its price formed a chart pattern that preceded an aggressive multi-month rally for NEAR token, another layer-1 blockchain currency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$SUI<\/a> 2025 vs <a href=\"https:\/\/twitter.com\/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$NEAR<\/a> 2021<\/p>\n<p>This long &amp; aggressive correction with 3 consecutive lower lows reminded me of May-July 2021. And the <a href=\"https:\/\/twitter.com\/hashtag\/NEAR?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#NEAR<\/a> pattern just fits <a href=\"https:\/\/twitter.com\/hashtag\/SUI?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#SUI<\/a> perfectly here!<a href=\"https:\/\/twitter.com\/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$NEAR<\/a> had an aggressive multi-month rally with distribution at the top followed by a -80% correction\u2026 <a href=\"https:\/\/t.co\/6J5zxLB5QU\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/6J5zxLB5QU<\/a><\/p>\n<p>\u2014 CryptoBullet (@CryptoBullet1) <a href=\"https:\/\/twitter.com\/CryptoBullet1\/status\/1909323470955065563?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cNo way I\u2019m selling my $SUI here,\u201d CryptoBullet concluded.<\/p>\n<p>\u201cI still believe we can see a double digit $SUI this year.\u201d On the macro tailwind side, they added, \u201cWe\u2019ll have a good mid term bounce this year no matter what. Sui will shine during that period.\u201d<\/p>\n<p>Meanwhile, Dutch crypto asset manager Micha\u00ebl van de Poppe wrote on Apr. 9: \u201cOnce the markets start to reverse, I assume that SUI will be one of the strongest assets to jump back.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$SUI<\/a> is one of the best performing assets within the crypto industry.<\/p>\n<p>Recently, <a href=\"https:\/\/twitter.com\/WalrusProtocol?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@WalrusProtocol<\/a> has launched, a big player within the DePIN and Storage vertical.<\/p>\n<p>Once the markets start to reverse, I assume that SUI will be one of the strongest assets to jump back. Investors\u2026 <a href=\"https:\/\/t.co\/XdZPw1L7H1\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/XdZPw1L7H1<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1909995972287209704?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>\u201cInvestors tend to move back to the asset that used to do well prior to anything macroeconomic related as these assets yield the highest confidence,\u201d van de Poppe added.<\/p>\n<\/blockquote>\n<h2>2. Mysten Labs Leadership Team<\/h2>\n<p>Elaborating on his SUI tip, O\u2019Leary commended the founder and team behind the May 2023 Web3 project with a currency ranked #18 out of all cryptocurrencies by market capitalization this April:<\/p>\n<blockquote>\n<p>\u201cThis is a guy that came out of Facebook. All he\u2019s focused on is speed\u2026 This guy has sped the whole thing up\u2026 You want to do a million transactions a minute? You gotta use this. So that\u2019s a bet I\u2019m making.\u201d<\/p>\n<\/blockquote>\n<p>He\u2019s not the only one with faith in the team developing Sui. Even with its price taking a rough tumble along with other cryptos in Q1, the positive bias in SUI\u2019s social sentiment <a href=\"https:\/\/cryptopotato.com\/sui-social-sentiment-hits-new-high-positive-bias-at-strongest-since-mid-september\/\" data-wpel-link=\"internal\">hit a<\/a> new high.<\/p>\n<p>Mysten Labs, the venture-backed company behind SUI, is led by former Facebook engineer Evan Cheng. Mysten\u2019s CTO, CPO, Chief Scientist, and Chief Cryptographer are also former Meta employees.<\/p>\n<h2>3. SUI Clocked in 3,700% Faster Than Ethereum<\/h2>\n<p>Sui\u2019s network speed is no joke. A CoinGecko speed check <a href=\"https:\/\/www.coingecko.com\/research\/publications\/fastest-blockchains\" data-wpel-link=\"external\" target=\"_blank\">found the<\/a> Layer-1 blockchain was among Web3\u2019s fastest, clocking transactions per second behind none other than Solana.\u00a0While Ethereum clocked 22.70 transactions in a second, the Sui Network did 854.05.\u00a0Only Solana\u2019s was higher at 1,053.65.<\/p>\n<p>Mysten co-founder Adeniyi Abiodun says the focus on speed is part of a competitive strategy to develop Sui into a \u201ccoordination layer\u201d for the entire Internet.<\/p>\n<p>In an interview at Token 2049 in Hong Kong, Abiodun said:<\/p>\n<blockquote>\n<p>\u201cSui isn\u2019t just a blockchain, Sui is a global coordination layer for the internet. So our target addressable market is way bigger than Solana, Taun, and all these other platforms.\u201d<\/p>\n<\/blockquote>\n<h2>4. Blockchain-Powered MMO Gaming<\/h2>\n<p>O\u2019Leary said Sui is \u201cgoing to own gaming\u201d because of its speed:<\/p>\n<blockquote>\n<p>\u201cYou know gaming latency is your killer. If you want to start passing tokens around in the middle of gameplay, you gotta be fast. Ethereum\u2019s too slow. Sui can do it.\u201d<\/p>\n<\/blockquote>\n<p>Speeds on Sui are fast enough for the mobile gaming platform Gamisodes to introduce Sui blockchain-powered mobile gaming in Q4 last year and lock in player rewards to the network.<\/p>\n<p>Multiple other blockchain-powered game titles have also launched on Sui. In an interview for an issue of Blockchain Gamer, Abiodun said:<\/p>\n<blockquote>\n<p>\u201cGamers will help drive not only mass usage of chains in the form of active wallets, transactions, and asset value creation, but they will also lead the charge of DeFi onboarding for web3 newcomers.\u201d<\/p>\n<\/blockquote>\n<p>The network\u2019s gaming business is such a big part of its competitive strategy that Mysten Labs has developed the first blockchain handheld gaming console, the SuiPlay0X1. Pre-orders started last September.<\/p>\n<h2>5. Canary Capital Files For Sui ETF on Apr. 8<\/h2>\n<p>Meanwhile, Nashville-based Web3 hedge fund Canary Capital filed with the US Securities and Exchange Commission on Apr. 8 to issue an Sui ETF on Wall Street. That would make the currency available for institutional investors to trade in a regulated financial product.<\/p>\n<p>CoinMarketCap reported:<\/p>\n<blockquote>\n<p>\u201cThe ETF would be the first to track SUI, and it might also involve staking portions of its holdings through trusted providers, with the ETF possibly earning staking rewards.\u201d<\/p>\n<\/blockquote>\n<p>As Bitcoin got its spot ETF, crypto exchange markets went wild with approval.<\/p>\n<p>Reiterating comments he <a href=\"https:\/\/cryptopotato.com\/shark-tank-mastermind-has-5-warnings-for-the-crypto-curious-about-bitcoin\/\" data-wpel-link=\"internal\">made last<\/a> month in an interview about Bitcoin, O\u2019Leary said he thinks blockchain is about to become essential to the economy: \u201cIt\u2019s going to be the 12th sector of the economy in five years.\u201d<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shark-tank-judge-says-this-is-the-hottest-cryptocurrency-in-april\/\" rel=\"nofollow\">Shark Tank Judge Says This Is \u2018The Hottest\u2019 Cryptocurrency in April<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a podcast snippet highlighted by the Altcoin Daily in an Apr. 4 post on X, O\u2019Leary said: \u201cI think the hottest ticket right now is Sui. It\u2019s Mysten. That\u2019s a hot new project.\u201d O\u2019Leary laid out the case for investing in SUI this April along the lines of its high-performance transaction speeds and use [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21811","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21811"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21811\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}