Disclaimer (this is financial advice)

Please take as many loans as you can, take your girlfriend’s jewelry and gaslight her into thinking she’s lost it, the following trade is 100% guaranteed and is financial advice. Don’t be a pussy and DO IT.

Background

Both blockchains are competing for the same niche of ultra-fast, high TPS blockchains. There can be only one king of the jungle.

SUI is an overvalued piece of garbage

It’s unclear what it does nor who is actually using this. Going through their twitter, I can’t find any meaningful project or partner, same after some basic googling.

I found a social-fi (whatever that is) app with no users https://suia.io/, a NFT marketplace (for SUI), a DEX (for SUI) etc. They mention gaming, finance in their website yet no one is actually using it for these purpose in real-life. On a surface level, it just feels that they built a blockchain for the sake of building a blockchain.

Yet the market cap is a whooping 5.5B USD. The fuck ?

Ah, and “infrastructure partners” are dumping on retail (you lol)

Following an allegation of “Sui insiders selling $400M in tokens throughout this run-up,” Sui Foundation would like to respond directly to this individual:

1. No insiders, neither employees of the Foundation or Mysten Labs (including Mysten Labs founders), nor ML investors,…
— Sui (@SuiNetwork) October 14, 2024

Ah, and it’s already losing mindshare

🚨 Breaking: $APT has flipped $SUI pic.twitter.com/wTmbLZH24u
— Immortal💥 (@BitImmortal) October 22, 2024

sui(cide) — I'm not a TA guru but does this look sustainable ?

FTM is undervalued

I’ll keep it short and sweet :

Built by Cronje (one of the DeFi OG) and his team, total faith in their ability to deliver (once again) solid tech
Ultra-fast, ultra-cheap, and fees structure to pay builders
Previous ATH of 3$ now only trading at ~70 cents
1:1 swap between current FTM token and yet-to-be Sonic token, you're buying the presales basically
Slept on by everyone yet slowly gaining mainshare, some of the main characters (/grifters) of this cycle are getting onboard (Ansem etc)
Had one of the highest TVL last cycle and the best DeFi ponzis
Built-in Ethereum gateway or whatever, killing most L2s
Market cap only at 2B (2.5x below SUI !!!), slowly grinding up
Tons of projects and new DeFi primitives coming up (Pendle finance etc.)
No predatory VC nor insiders to dump on your ass, Fantom foundation has enough dough to sustain itself for a long time

Price convergence using advanced maths and AI

Trust my quantitative :

Trade as of today (20th October 2024)

Pair trade in a paper account that I plan to keep open until the end of the bull-run (or until FTM is rolled out for SONIC), we’ll see in real-time how the thesis plays out. I’ll post update if I’m right (to brag) or delete this post if I’m wrong (sorry not sorry).