DEEP experienced a bullish rally at launch, rising from $0.005 to as high as $0.019 so far. It was difficult to place buy orders at launch from all the demand, and I think the price is trying to stabilize over the next few hours. I’m content with buying around 1 cent or under, and I think the Deepbook team will make some exciting announcements that will help DEEP experience some upside. There were people that received DEEP airdrops, and I think they are applying some sell pressure.
DEEP is on the move.
Comparing L1 Cryptos: ETH, SOL, & SUI
Not all layer 1 cryptos are created equal. Ethereum is now an outdated tech, and Solana has some vulnerabilities due to a flawed design. I have been saying Sui is the best tech available right now, and the key reason is Sui’s innovative design. ETH and SOL have unlimited supply and inflationary tokenomics. SUI has a fixed max supply and deflationary tokenomics that drives the price up.
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