Shark Tank Judge Says This Is ‘The Hottest’ Cryptocurrency in April

In a podcast snippet highlighted by the Altcoin Day by day in an Apr. 4 submit on X, O’Leary stated:

“I believe the most popular ticket proper now’s Sui. It’s Mysten. That’s a sizzling new mission.”

O’Leary laid out the case for investing in SUI this April alongside the traces of its high-performance transaction speeds and use instances in finance and gaming.

Kevin O’Leary: I believe the most popular cryptocurrency proper now’s $SUI. pic.twitter.com/djnuup7iUt

— Altcoin Day by day (@AltcoinDailyio) April 5, 2025

Ethereum is a bandwidth hog, so the Shark Tank choose says he’s additionally betting on SUI to win the DeFi horse race. Listed here are 5 components backing O’Leary’s wager.

1. SUI Worth Chart Traces Bullish Reversal Sample

At $2.12 in April, SUI’s worth was down over 60% from its document excessive originally of January. But it surely nonetheless notches a strong acquire for buyers who purchased it for $1.40 because it debuted to crypto exchanges in Could 2023.

Well-liked crypto market analyst CryptoBullet wrote in an Apr. 7 replace on X that they observed a bullish technical indicator for SUI.

Its worth shaped a chart sample that preceded an aggressive multi-month rally for NEAR token, one other layer-1 blockchain forex.

$SUI 2025 vs $NEAR 2021

This lengthy & aggressive correction with 3 consecutive decrease lows jogged my memory of Could-July 2021. And the #NEAR sample simply suits #SUI completely right here!$NEAR had an aggressive multi-month rally with distribution on the prime adopted by a -80% correction… pic.twitter.com/6J5zxLB5QU

— CryptoBullet (@CryptoBullet1) April 7, 2025

“No method I’m promoting my $SUI right here,” CryptoBullet concluded.

“I nonetheless consider we will see a double digit $SUI this yr.” On the macro tailwind aspect, they added, “We’ll have an excellent mid time period bounce this yr it doesn’t matter what. Sui will shine throughout that interval.”

In the meantime, Dutch crypto asset supervisor Michaël van de Poppe wrote on Apr. 9: “As soon as the markets begin to reverse, I assume that SUI will probably be one of many strongest property to leap again.”

$SUI is without doubt one of the finest performing property inside the crypto trade.

Just lately, @WalrusProtocol has launched, an enormous participant inside the DePIN and Storage vertical.

As soon as the markets begin to reverse, I assume that SUI will probably be one of many strongest property to leap again. Traders… pic.twitter.com/XdZPw1L7H1

— Michaël van de Poppe (@CryptoMichNL) April 9, 2025

“Traders have a tendency to maneuver again to the asset that used to do effectively previous to something macroeconomic associated as these property yield the best confidence,” van de Poppe added.

2. Mysten Labs Management Staff

Elaborating on his SUI tip, O’Leary counseled the founder and staff behind the Could 2023 Web3 mission with a forex ranked #18 out of all cryptocurrencies by market capitalization this April:

“This can be a man that got here out of Fb. All he’s centered on is velocity… This man has sped the entire thing up… You wish to do 1,000,000 transactions a minute? You gotta use this. In order that’s a wager I’m making.”

He’s not the one one with religion within the staff creating Sui. Even with its worth taking a tough tumble together with different cryptos in Q1, the optimistic bias in SUI’s social sentiment hit a new excessive.

Mysten Labs, the venture-backed firm behind SUI, is led by former Fb engineer Evan Cheng. Mysten’s CTO, CPO, Chief Scientist, and Chief Cryptographer are additionally former Meta workers.

3. SUI Clocked in 3,700% Sooner Than Ethereum

Sui’s community velocity is not any joke. A CoinGecko velocity examine found the Layer-1 blockchain was amongst Web3’s quickest, clocking transactions per second behind none aside from Solana. Whereas Ethereum clocked 22.70 transactions in a second, the Sui Community did 854.05. Solely Solana’s was increased at 1,053.65.

Mysten co-founder Adeniyi Abiodun says the deal with velocity is a part of a aggressive technique to develop Sui right into a “coordination layer” for your complete Web.

In an interview at Token 2049 in Hong Kong, Abiodun stated:

“Sui isn’t only a blockchain, Sui is a worldwide coordination layer for the web. So our goal addressable market is method greater than Solana, Taun, and all these different platforms.”

4. Blockchain-Powered MMO Gaming

O’Leary stated Sui is “going to personal gaming” due to its velocity:

“You realize gaming latency is your killer. If you wish to begin passing tokens round in the course of gameplay, you gotta be quick. Ethereum’s too sluggish. Sui can do it.”

Speeds on Sui are quick sufficient for the cellular gaming platform Gamisodes to introduce Sui blockchain-powered cellular gaming in This fall final yr and lock in participant rewards to the community.

A number of different blockchain-powered sport titles have additionally launched on Sui. In an interview for a problem of Blockchain Gamer, Abiodun stated:

“Players will assist drive not solely mass utilization of chains within the type of energetic wallets, transactions, and asset worth creation, however they will even lead the cost of DeFi onboarding for web3 newcomers.”

The community’s gaming enterprise is such an enormous a part of its aggressive technique that Mysten Labs has developed the primary blockchain handheld gaming console, the SuiPlay0X1. Pre-orders began final September.

5. Canary Capital Information For Sui ETF on Apr. 8

In the meantime, Nashville-based Web3 hedge fund Canary Capital filed with the US Securities and Trade Fee on Apr. 8 to concern an Sui ETF on Wall Avenue. That may make the forex accessible for institutional buyers to commerce in a regulated monetary product.

CoinMarketCap reported:

“The ETF can be the primary to trace SUI, and it may additionally contain staking parts of its holdings via trusted suppliers, with the ETF presumably incomes staking rewards.”

As Bitcoin obtained its spot ETF, crypto change markets went wild with approval.

Reiterating feedback he made last month in an interview about Bitcoin, O’Leary stated he thinks blockchain is about to turn into important to the economic system: “It’s going to be the twelfth sector of the economic system in 5 years.”