$SUN token analysis in detail
I recently tried to analyze the long-term prospects of the $SUN token, and this project offers products similar to hundreds of other cryptocurrency projects, like swap, stablecoin, Dao, and staking rewards. Dao is the only thing that can make this project significant because only the community can make it great, and the community will have to come up with a unique idea, which is extremely difficult. Every swap project has a community, and its community wants its coin to go to the moon. I recently saw the tweet from Justin Sun regarding changes in the $SUN token and their focusing areas for growth, but in reality, the team cannot do this thing alone, and they will need a robust community that can make this project stand out from thousands of failed cryptocurrency projects like this. If you are bullish on $SUN, you must be sure that the SUN community will stay with this project for the coming decade with all types of pumps, dumps, and many other things. If you can bet on the community with your hard-earned money, you can be bullish on $SUN.
It isn’t easy to maintain a community-driven project, although it is easier to start one. The product has to be unique or should have a first-movers advantage like UniSwap’s when it introduced the liquidity protocol that $SUN offers today. $SUN does not have a first-mover advantage, so it must have an advantage over the community. In the community area, thousands of communities are popping up every day, with thousands dying every day. The community members will have to trust each other and invest in big chunks to generate revenue from swapping, although binance alone is enough to handle the entire exchange market. So, if you see it in the long-term, this product has a higher chance of dying, even if they build a robust community around it. Even if they build a powerful community, it will be even more challenging to make a unique product that stands out from the market and can help them generate revenue in billions of dollars to justify their current market cap of 700 Million dollars(Fully diluted). My simple concept is to ask logical questions before investing in any cryptocurrency project, and the answer to all questions will lie in the community involved in that project. The community also needs to be time-tested, which is not the case in the $SUN token. It seems that the community is just like other project’s community members who are just shilling the project. Still, I have yet to find a single article like this one that can argue why the community of $SUN tokens is extremely powerful. I did not see $SUN token holders talking about how to make this project grow and create a powerful investing product. Ultimately, products matter, and they can only be created through the community in a decentralized way. If the product is not created through the community, the project will die in the long term as it will be a centralized project.
A decentralized project becomes successful when thousands of people discuss it and how to grow it. However, I have not found such discussions in the $SUN token community. Let me be clear that I am not against any cryptocurrency project; my point is to analyze them to understand their long-term growth. If the community proves to the world that they are the best by showing us an excellent investing product, then I will be the first to shill the project, but I am afraid that it will not be the case here. The price may pump after this article, but in the longer term, the price will keep going down, and you are welcome to save this article. It is also possible to keep the price up at a current price of 0.036 USD, but in the longer term, all these manipulation methods will vanish with the price. The community will also have a limit to keep this price maintained without having a powerful inheritance value in the project, so in the long term, even the community will have a hard time maintaining this price. You might not see an immediate output of my claims, but in the long term, I will see the possible outcomes that I claim in this article. Ultimately, community matters, and if you rely on Justin Sun’s tweets like other bullish investors, you are missing the power of connecting people through community-building. A positive outcome is possible if the $SUN token’s team can create the project by building a powerful community requiring infinite hard work. Still, I do not see that scenario in the near future because everyone is just talking about the price, and no one is talking about their inner deep connection as $SUN token holders with each other.
