Charles Hoskinson openly supported the Sui blockchain network and praised it as a better and unique technology in the crypto space.
Sui blockchain is a popular average layer 1 blockchain network. This blockchain platform was developed by Mysten Labs. Most of the co-founders and engineers of Mysten Labs belong to former Meta (Facebook) engineers. The Sui network design is unique and allows the network to offer low latency transactions, high scalability, and a user-friendly experience for decentralized applications (dApps). Sui uses a unique consensus mechanism called Narwhal and Bullshark to improve transaction processing efficiency. Additionally, the Sui ecosystem is much better for new developers to create projects on this network.
On January 12, 2025, a supporter of the $Sui coin shared an earlier tweet from Cardano founder Charles Hoskinson about the Sui blockchain and said that the Cardano founder is bullish on $Sui.
In response, the Cardano founder said that he loves the technology used by Sui Blockchain, which is not only unique and different but also new.
These statements from the Cardano founder will surely inject another level of confidence among $Sui coin investors.
It is worth noting that, over the past 12 months, Hoskinson has shown a significant tilt towards other crypto projects that rely on unique and efficient technology. Their efforts showed that the Cardano blockchain is not isolated and a better level of collaboration between Cardano and Sui can also be seen in the future.
$Sui price action
The current trading price of $Sui coin is $4.87 and this price level is down 6.65% over the last 7 days. Notably, the trading price of this cryptocurrency has dropped by 117% during the trading period of the last 3 months.
Also read: Shareholder of $Meta (formerly Facebook) presents investment proposal in Bitcoin
