I Bought MORE $SUI & Here's WHY + Price Prediction!

[00:00:00]Sui holders, we just got some huge news overnight that's going to affect all of crypto. Plus, I have to show you this one Sui chart because it makes me super bullish on this project. I continue to DCA Sui because this is, in my opinion, one of the most underrated bullish charts. We're going to go over my entire thesis in this video. Plus, we are going to go over which could potentially be some like bombshell news. We're going to go over over that all in this video.

[00:00:27]But, before we get started, welcome back to the channel. My name is Doc throughout the day. I'm a resident physician, and at night and in the early morning, I take you guys on my crypto and investing journey. Let's not waste any time. Okay, this just dropped overnight. I'm filming this super super super early on Tuesday morning. Just in, the White House has reportedly agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans per Eleanor Terrett. So, this is big, right? We're finally seeing some potential traction on the Clarity Act.

[00:01:06]Now, this has to get signed into law before August 10th, which is less than a month away. So, this is very much a race to get this passed and go through. I have said this numerous times on this channel and on Twitter. Follow me @investwithdoc that if the Clarity Act gets passed through the Senate, because remember, it already passed the House, right? Congress last year. But, if it passes the Senate, this could potentially mark the bear ma- bear market low, right? I.E. 57,000 being the low. So, this is really really huge.

[00:01:43]Like, this could quite literally change the entire landscape of all of crypto.

[00:01:48]And guys, I'm going to talk about Sui in just a sec, but I we got to we just we got to talk about this real quick. Also, as you're coming in, if you're getting any value out of this, hit the the button, subscribe. Okay, Clarity Act. It has a 43% chance of getting passed, and you might think to yourself, "Doc, 43% like that's that's nothing." Well, quite literally, just last week this had a 32% chance. So, it is gaining some steam in the short term. Now, we need to take this with a grain of salt because in the first week of May, this had a 74% chance of getting approved. Now, here's what I will say.

[00:02:25]74% is obviously way better than where we're at right now at 43%, but May was not that long ago, and that could potentially tell us that like, "Hey, at within the last month or two, there was a lot of confidence that this was going to go through." Now, my base case is still like, "Gosh, I don't know if it's really going to go through." Not because I don't even necessarily think it has the gusto to make it through. It's just really, really tough to get anything through Senate, let alone in 3 weeks.

[00:02:53]But, I'm telling you right now if this gets approved, we will see huge price increases in all of crypto, including Sui. Okay, so let's talk about Sui.

[00:03:03]Sui's been showing a lot of strength over the past week or so. 76 cents. I was buying this heavily at 67 cents. I told a lot of my followers that I was buying it then, and we're up big, right?

[00:03:16]We are up over 10% 10 or 15%. We're sitting at a 3.1 billion market cap. And guys, I'm telling you right now this is the number one misconception about Sui. Everyone says like, "Oh my gosh, the tokenomics are horrible. There's uh 4 billion circulating supply, and the total supply is 10." Guys, Sui inflates at less than 5% per year.

[00:03:41]If you don't think that Sui can have a stronger price appreciation than 5% a year, like I just I don't think you're you got your your nose to the ground because these things can move fast, right? And if we actually scroll back, we look at the three-month chart, guys, you can see that this was a dollar 40 quite literally in May, okay? So, right at a dollar 40, which is huge, okay? So, I can't give you financial advice. You got to make your own opinions and decisions on what you're doing. I'm just telling you what I'm doing, and I continue to buy this project because I personally think it's just a matter of time before we get back up above a dollar. And I don't need to tell you that at its peak, this hit almost $5.40, okay? At its peak. Now, it's tough to time wicks, but the whole reason that I bring this up is at a $3.1 billion market cap, like in my opinion, this could hit a $25 billion market cap, which is over a 7x, which would put us above prior all-time highs. Now, this chart is awesome, okay? I'm going to show you something here that for me just made me so much more bullish on Sui. So, this is a Sui chart on the daily. You can see that we've respected this trend line all the way back from 2023, okay?

[00:04:56]Right? We've never gone below this trend line. So, you see here we had some really nice bounce in June. Now, I'm going to overlay the Bitcoin chart here, and it's going to show up in orange.

[00:05:10]Look at the Bitcoin chart compared to Sui. It is highly [snorts] correlated, right? Highly correlated. I would go on to say like guys, I mean, look at how crazy similar these moves are. So, the whole reason that I bring this up is we just said that if the Clarity Act, which is now at a 44% chance, right? This is moving in real time as I'm filming this. Guys, if the Clarity Act goes through, Bitcoin's price is going to skyrocket, right? Like Bitcoin is surely going to skyrocket. Right now, it's at 65,200.

[00:05:46]If the Clarity Act goes through, guys, what do you think is going to happen to Sui just based off this chart, right? Bitcoin rockets up. Like if we look at this example in September of last year, Bitcoin rocketed up. Sui was like only a month or two behind, right?

[00:06:01]And then we see these big run-ups here in Bitcoin. Guys, Sui peaked almost exactly when Bitcoin peaked in May, okay? So the correlation is surely there. And this, in my opinion, is just more of a leveraged play on Bitcoin. So, right? If Bitcoin does a four or five X this cycle, maybe Sui does a eight, nine, 10 X, right? We're going to have to see, but I can just tell you right now I am packing my bags because I have a lot of conviction in this project. So, BSCN News, they say that "Did you know Sui has one of the most developed networks?" According to Chainspect Apps Developer Dashboard, Sui now boasts over 1400 developers on its chain, placing it ahead of Base, Hedera, and Near. We talked about this on the last video, but I actually went back and looked, right?

[00:06:53]Always trust but verify, and this actually is true, which is pretty wild.

[00:06:58]Now, they don't have as many developers as Cardano, Polygon, Optimism, but I confirmed that they do have more developers than Base, Hedera, and Near, and those are very, very respectable projects, in my opinion. Okay, Bendy did some really, really good um on-chain analytics here. He said that 48 hours ago Sui's active addresses spiked 145% to 181,000.

[00:07:24]He said that he refuses to call adoption and set three tests. Did the address spike persist? He said, "Kind of, right?

[00:07:32]138,000 today, off from the 181,000 peak, but it's still 87% above the baseline." So he said, "Farm spike and die completely. This didn't. Something real is here, okay? So, that's that's reassuring in a lot of ways. He goes on to say, "Did stablecoin and DEX volume follow?"

[00:07:53]No. "Stables actually decelerated 2.3% on the week." Down from plus 2.8%. So, guys, it's half a percent, which is a rounding error in my opinion. He said, "Did the fees tick up?" No. 2354 a day down from 2470 a day. So, a little over $100. And he goes on to say, you know, what what's causing this? 65,000 addresses stayed, and not one more dollar of economic weight came with them, right? So, we have all these new addresses, but not more fees. And in my opinion, this is because of the gasless stablecoin transfers that we have been screaming about on all of these videos, right? I think that for those who don't know, I think that one of the ways, amongst many, that Sui is going to really set themselves apart from others, is they're going to have gasless stablecoin transactions. Which pretty much means you can move money anywhere in the world for free. Guys, Tron, that is their entire bread and butter. They have a market cap of 30 billion dollars, right? Tron network, the majority I I understand they do more. Their market cap is 30 billion dollars, okay? Sui's market cap is 3 billion dollars. I think there is a lot of market share that Sui can take on if they really really lean into this.

[00:09:22]So, a lot of big updates going on. If this Clarity Act goes through, I think it's going to be huge for Bitcoin, and I think it's going to be huge for Sui just based off this chart. I mean, the correlation between Bitcoin and Sui, the moves that they make, are uncanny, in my opinion. But more importantly, I want to know your guys' opinion down below. Do you think Sui is going to put in new all-time highs this cycle or are we going to peel back? And do you think the Clarity Act will get passed before the August recess? Let me know down in the comments and if you got any value out of this, consider hitting the like button, subscribe, and I'll see you on my next video.