Shark Tank Judge Says This Is ‘The Hottest’ Cryptocurrency in April
In a podcast snippet highlighted by the Altcoin Daily in an Apr. 4 post on X, O’Leary said:
“I think the hottest ticket right now is Sui. It’s Mysten. That’s a hot new project.”
O’Leary laid out the case for investing in SUI this April along the lines of its high-performance transaction speeds and use cases in finance and gaming.
Ethereum is a bandwidth hog, so the Shark Tank judge says he’s also betting on SUI to win the DeFi horse race. Here are five factors backing O’Leary’s bet.
At $2.12 in April, SUI’s price was down over 60% from its record high at the beginning of January. But it still notches a solid gain for investors who bought it for $1.40 as it debuted to crypto exchanges in May 2023.
Popular crypto market analyst CryptoBullet wrote in an Apr. 7 update on X that they noticed a bullish technical indicator for SUI.
Its price formed a chart pattern that preceded an aggressive multi-month rally for NEAR token, another layer-1 blockchain currency.
“No way I’m selling my $SUI here,” CryptoBullet concluded.
“I still believe we can see a double digit $SUI this year.” On the macro tailwind side, they added, “We’ll have a good mid term bounce this year no matter what. Sui will shine during that period.”
Meanwhile, Dutch crypto asset manager Michaël van de Poppe wrote on Apr. 9: “Once the markets start to reverse, I assume that SUI will be one of the strongest assets to jump back.”
“Investors tend to move back to the asset that used to do well prior to anything macroeconomic related as these assets yield the highest confidence,” van de Poppe added.
Elaborating on his SUI tip, O’Leary commended the founder and team behind the May 2023 Web3 project with a currency ranked #18 out of all cryptocurrencies by market capitalization this April:
“This is a guy that came out of Facebook. All he’s focused on is speed… This guy has sped the whole thing up… You want to do a million transactions a minute? You gotta use this. So that’s a bet I’m making.”
He’s not the only one with faith in the team developing Sui. Even with its price taking a rough tumble along with other cryptos in Q1, the positive bias in SUI’s social sentiment hit a new high.
Mysten Labs, the venture-backed company behind SUI, is led by former Facebook engineer Evan Cheng. Mysten’s CTO, CPO, Chief Scientist, and Chief Cryptographer are also former Meta employees.
Sui’s network speed is no joke. A CoinGecko speed check found the Layer-1 blockchain was among Web3’s fastest, clocking transactions per second behind none other than Solana. While Ethereum clocked 22.70 transactions in a second, the Sui Network did 854.05. Only Solana’s was higher at 1,053.65.
Mysten co-founder Adeniyi Abiodun says the focus on speed is part of a competitive strategy to develop Sui into a “coordination layer” for the entire Internet.
In an interview at Token 2049 in Hong Kong, Abiodun said:
“Sui isn’t just a blockchain, Sui is a global coordination layer for the internet. So our target addressable market is way bigger than Solana, Taun, and all these other platforms.”
O’Leary said Sui is “going to own gaming” because of its speed:
“You know gaming latency is your killer. If you want to start passing tokens around in the middle of gameplay, you gotta be fast. Ethereum’s too slow. Sui can do it.”
Speeds on Sui are fast enough for the mobile gaming platform Gamisodes to introduce Sui blockchain-powered mobile gaming in Q4 last year and lock in player rewards to the network.
Multiple other blockchain-powered game titles have also launched on Sui. In an interview for an issue of Blockchain Gamer, Abiodun said:
“Gamers will help drive not only mass usage of chains in the form of active wallets, transactions, and asset value creation, but they will also lead the charge of DeFi onboarding for web3 newcomers.”
The network’s gaming business is such a big part of its competitive strategy that Mysten Labs has developed the first blockchain handheld gaming console, the SuiPlay0X1. Pre-orders started last September.
Meanwhile, Nashville-based Web3 hedge fund Canary Capital filed with the US Securities and Exchange Commission on Apr. 8 to issue an Sui ETF on Wall Street. That would make the currency available for institutional investors to trade in a regulated financial product.
CoinMarketCap reported:
“The ETF would be the first to track SUI, and it might also involve staking portions of its holdings through trusted providers, with the ETF possibly earning staking rewards.”
As Bitcoin got its spot ETF, crypto exchange markets went wild with approval.
Reiterating comments he made last month in an interview about Bitcoin, O’Leary said he thinks blockchain is about to become essential to the economy: “It’s going to be the 12th sector of the economy in five years.”
An Ideal Crypto Trader
In the thrilling, fast-paced world of cryptocurrency, success doesn't come to those who act on impulse—it belongs to the smart, strategic, and steady. While the market is flooded with hopefuls, only a few rise above the noise. These few are what we call the ideal crypto traders—the masterminds of modern finance.
What Makes an Ideal Crypto Trader?
1. Master of Volatility: Where the average trader sees tension and fear in volatility, the ideal trader sees golden chances. While retail traders panic, ideal traders know this is the time to act—and they often earn handsome profits during the chaos.
2. Patience is Power: An ideal trader can wait for weeks or even months for the right entry point. They don’t chase candles—they wait for confirmations. Timing beats rushing, always.
3. Exit Like a Pro: Getting in is easy—getting out at the right time is what separates winners from losers. Ideal traders hold until their strategy tells them to exit. No emotional decisions—just logic.
4. Discipline & Planning: They follow a strict plan. No overtrading, no emotional revenge trades. Their strategy is backed by deep analysis, and their actions are aligned with long-term goals.
5. Never Give Up: Losses don’t break them. They learn, improve, and bounce back. Every market move, win or lose, becomes a part of their growth.
6. Balance Life with Trading: An ideal trader isn't chained to charts. They live a joyful, balanced life, manage other global tasks, and still stay in control of their trading career.
7. Perfect Timing: They know when to stay in and when to sit out. They don’t fear missing out—they fear making moves without logic.
8. Sharp Analysis: From candlesticks and indicators to fundamentals and market sentiment—analysis is their edge. They're students of the market, always improving their skills.
9. Daily Learning: Their motto is simple—“Learn to earn.” Every day brings new lessons, strategies, and updates, and they embrace it all.
10. Strategic Thinking: They don’t rely on luck. Instead, they use timely, diverse strategies—swing trading, scalping, long holds, or hedging—based on the market's mood.
Conclusion
An ideal crypto trader isn't just someone who makes money—they’re someone who’s mastered their mind. With discipline, patience, and precision, they turn the wild world of crypto into a field of opportunity. They are calm in chaos, learners for life, and profit-makers with purpose.
In this ever-evolving space, one truth stands firm: those who think, wait, and act like masterminds are the ones who win.
Ripple settles with regulators, price rallies: CEO thanks Trump
XRP is the top-performing major cryptocurrency over the past 90 days, according to Ripple CEO Brad Garlinghouse.
The rally coincides with Ripple ( XRP ) agreeing to pay $50 million to the U.S. Securities and Exchange Commission as part of a settlement.
Recall how the SEC sued Ripple in December 2020, claiming it sold XRP as an unregistered security. The legal battle became one of the crypto industry’s most closely watched cases.
In a key 2023 ruling, the court gave Ripple a partial win: institutional sales were legal, but XRP sales on public exchanges did violate securities laws.
Ripple originally set aside $125 million in escrow for potential penalties.
“We’re actually taking most of that back, including the interest that had been earned along the way,” Garlinghouse said in a Fox Business interview . “I think it’s just evidence that the former [Gary] Gensler SEC was on the wrong side of the law. And thanks to the new leadership at the SEC and in the White House.”
Like other crypto companies (i.e., Coinbase , Gemini , Uniswap ), Ripple benefited from supporting President Donald Trump. Last year, the company reportedly donated millions to his presidential campaign and at least $5 million in XRP tokens to the inauguration on Jan. 20.
The Trump administration’s SEC promptly dropped numerous lawsuits and investigations against crypto companies as a thank-you. While Trump allies say this underscores a willingness to create a more transparent regulatory framework, critics argue it’s a form of crypto-crony capitalism.
With the regulatory cloud lifting, Ripple plans to expand its business. The company recently completed its largest acquisition to date, purchasing prime broker Hidden Road for $1.25 billion.
Garlinghouse emphasized that such a move “would have made no sense a year ago” under what he perceived to be a hostile regulatory environment under former SEC chair Gary Gensler.
“This allows even larger institutions like BlackRock, like the biggest Wall Street financial institutions, to come into this market in a way they understand with a safer prime broker to help clear transactions and a bigger balance sheet to do that,” he explained.
The Hidden Road acquisition brings Ripple’s employee count to approximately 1,100 people, with Garlinghouse noting that for years, the company was forced to focus on hiring outside the United States due to regulatory uncertainty.
“As a U.S. citizen, I grew up in Kansas. I’d like to hire people here. We have some of the best talent in the world here. But it made no sense to invest in a market where we couldn’t sign customers,” he said.
Ripple has recently increased its product offerings by launching a stablecoin with a New York trust license from the New York Department of Financial Services.
Looking ahead, Garlinghouse expects regulatory clarity to continue improving in two key areas: stablecoin legislation and market structure bills. He expressed confidence that federal stablecoin legislation would move forward “sooner rather than later.”
When asked about Bitcoin ( BTC ) price predictions, Garlinghouse suggested that $200,000 by year-end was “not unreasonable.”
He mentioned that it is slightly higher than his previous forecast of $175,000. He attributed his bullish outlook to the shift in the U.S. regulatory approach: “People underestimate how the largest economy in the world, the U.S., went from headwinds, hostility to tailwinds.”
XRP has been on an upward trajectory over the past year. A rally occurred following Donald Trump’s re-election in Novemeber. See below.