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SUI’s Christian Thompson on Blockchain’s Future and 2025 Vision

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Christian Thompson, Managing Director of the Sui Foundation, sat down with BeInCrypto during his first Asia tour since taking the position. As a former Deputy CISO at Meta who led blockchain security for the Libra/Diem project, Thompson brings over 30 years of leadership experience across various industries, including successful entrepreneurship and law enforcement.

In a wide-ranging interview in Seoul, Thompson discussed SUI’s achievements in 2024 and ambitious plans for 2025, including the launch of SuiPlay0X1, the first blockchain gaming console. He emphasized Korea’s strategic importance in SUI’s global expansion, sharing insights on the convergence of Web2 and Web3. He also reflected on lessons learned from Meta’s Libra project amid the evolving US regulatory landscape.

How would you evaluate SUI’s performance in 2024, and what’s your vision for 2025?

2024 was about testing and ensuring our technology was stable and scalable. We achieved $1.75 billion in DeFi TVL, which has grown to $2 billion in just the last three months. We also reached $35 billion in DEX volume and 300,000 daily active wallets in gaming. For 2025, we’re going to be very aggressive in marketing, ecosystem, and community. We need thousands of developers building in Web3 to make adoption happen across billions of people.

SuiPlay0X1 marked a milestone as the first blockchain gaming hardware. What led to this unprecedented initiative, and how does it fit into your gaming strategy?

Gaming was a big early bet for us – we chose it because it’s unpredictable and a great way to test technology. For SuiPlay0X1, we announced it at Korea Blockchain Week in September 2024 and received about 1,700 pre-orders in that first week. Now, we’re up to 7,000 pre-orders for our 2025 release. While $599 isn’t cheap, our strategy is about getting a Web3 device into people’s hands responsibly. We’ve partnered with NHN and Xociety in Korea, and we’re building this as a bridge between Web2 and Web3. It’s the first handheld device for Web3 – no one else has anything like it.

How do you view the relationship between Web2 and Web3?

I maintain that they’ll merge. I don’t think Web3 will take over or change Web2 – they’ll just naturally merge. You’re seeing disparate technologies converging already – AI with blockchain, AR/VR, robotics. This will create demand from people who want ownership of their own content, medical records, and data. As a content creator, you want to control how it’s monetized. As a consumer, you want to know where your information comes from.

SuiPlay0X1, the first blockchain gaming console developed by Sui Foundation. Source: SuiPlay0X1
You chose Seoul as a key destination for your first Asia tour as Managing Director, and SUI maintains a strong presence at Korea Blockchain Week. What makes Korea such a critical market in your global strategy?

Korea is an incredibly dynamic market. The retail community here is very interested and involved in crypto, which makes them very educated about the technology and early adopters. The developer community is similar because they’ve had all this background of being exposed to it. When you can partner with a country that’s at the forefront of technology and are early adopters, you benefit from that. The gaming business here is particularly remarkable – it pushes the limits.

Given Korea’s example, which other regions do you see having the potential to become another hub like Korea?

The UAE is at the forefront of attracting Web3 business with its regulatory environment. Vietnam is making remarkable strides with developers. Greece has amazing education systems, producing capable builders at scale. In Africa, people are remarkably adept at adopting new technologies, especially in commerce integration through chat platforms.

SUI carries forward lessons from Meta’s Libra project while the US regulatory landscape is shifting. How do these experiences shape your view of the current environment?

I wouldn’t call Libra a failure – it was intentionally closed for very good reasons. Much of what became SUI originated from Libra, and we took away amazing technology that was birthed at Meta. The Move language was built at Facebook to support 3.5 billion people, and we built SUI to accommodate that scale. Looking ahead, the administration is now thinking about the right things – meaningful regulation, meaningful policy, and creating an environment that keeps brain power and builds toward an accommodative economy.

Disclaimer

In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content.  Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Dogecoin (DOGE) Bulls In Trouble—Can They Prevent a Drop Below $0.15?

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Dogecoin started a fresh decline from the $0.1880 zone against the US Dollar. DOGE is declining and might test the $0.150 support zone.

  • DOGE price started a fresh decline below the $0.1850 and $0.1750 levels.
  • The price is trading below the $0.1750 level and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $0.170 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could extend losses if it breaks the $0.1620 support zone.

Dogecoin Price Dips Further

Dogecoin price started a fresh decline after it failed to clear $0.200, like Bitcoin and Ethereum. DOGE dipped below the $0.1880 and $0.1820 support levels.

The bears were able to push the price below the $0.1750 support level. It even traded close to the $0.1620 support. A low was formed at $0.1628 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.2057 swing high to the $0.1628 low.

Dogecoin price is now trading below the $0.1750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.170 level. There is also a key bearish trend line forming with resistance at $0.170 on the hourly chart of the DOGE/USD pair.

The first major resistance for the bulls could be near the $0.1730 level. The next major resistance is near the $0.1770 level. A close above the $0.1770 resistance might send the price toward the $0.1850 resistance.

Dogecoin Price

The 50% Fib retracement level of the downward move from the $0.2057 swing high to the $0.1628 low is also near the $0.1850 zone. Any more gains might send the price toward the $0.1880 level. The next major stop for the bulls might be $0.1950.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1770 level, it could start another decline. Initial support on the downside is near the $0.1635 level. The next major support is near the $0.1620 level.

The main support sits at $0.1550. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1320 level or even $0.120 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.1620 and $0.1550.

Major Resistance Levels – $0.1720 and $0.1770.



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XRP Price Fate Hangs on $2.00—Major Move Incoming?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Ethereum Price Weakens—Can Bulls Prevent a Major Breakdown?

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Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses.

  • Ethereum struggled to continue higher above the $2,000 resistance level.
  • The price is trading below $1,880 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $1,820 and $1,880 resistance levels to start a decent increase.

Ethereum Price Dips Again

Ethereum price failed to continue higher above $2,100 and started another decline, like Bitcoin. ETH declined below the $1,920 and $1,880 support levels.

It tested the $1,765 zone. A low was formed at $1,767 and the price recently attempted a fresh upward move. There was a move above the $1,800 level but the price is still below the 23.6% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low.

Ethereum price is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,880 level and the 50% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low. The first major resistance is near the $1,920 level.

Ethereum Price
Source: ETHUSD on TradingView.com

A clear move above the $1,920 resistance might send the price toward the $2,000 resistance. An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,765 zone.

A clear move below the $1,765 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,650.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,765

Major Resistance Level – $1,880



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