Our SUI price prediction indicates a high of $2.85 by the end of 2024.
In 2025, SUI will range between $1.76 and $2.17, with an average price of $1.81.
In 2030, it will range between $12.08 and $14.66, with an average price of $12.42.
SUI is the native token of the Sui blockchain and governs and settles fees on the blockchain. Users can stake their SUI tokens with validators in a delegated proof-of-stake model, enabling active participation in consensus and potential rewards. SUI’s notable feature is its ability to achieve parallel agreement on independent transactions, leading to enhanced scalability.
Is SUI a good investment? Will it go up? Where will it be in five years? Our SUI price prediction answers these questions and more.
Overview
CryptocurrencySuiTickerSUICurrent price$2.00Market cap$5,521,287,840Trading volume$1,549,566,303Circulating supply2,763,841,373All-time high$2.18 on Mar 27, 2024All-time low$0.3643 on Oct 19, 22324-hour high$2.1624-hour low$1.97
SUI has emerged as one of the top-performing altcoins, posting an impressive 109% surge in the last 30 days.
This bullish trend has captured the attention of investors and analysts. Data from DefiLlama reveals that SUI’s Total Value Locked (TVL) has broken above the $1 billion mark.
The rising TVL has fueled speculation that SUI could be on the brink of reaching a new ATH, with many pointing to its growing ecosystem as a key factor driving its momentum.
SUI has recently surged in value, thanks partly to the coming FED cut rates, the launch of its AUSD stablecoin, and positive market sentiment.
Earlier last month, SUI’s Total Value Locked (TVL) was at $341 million; it has now surged to $1.0174 billion.
Sui TVL. Source: DefiLlama
SUI 1-day chart analysis
SUI/USD 1-day chart
SUI formed an inverted head-and-shoulder pattern on the charts, resulting in a major breakout that took SUI past the $1 resistance. The bullish outlook is further supported by the MACD, which has registered consistent positive momentum over the last week. The MACD line has crossed above zero, signaling a bullish market sentiment, with the relative strength index (RSI) crossing to overbought territory.
According to the technical indicators, SUI has recorded twenty bullish days in the last thirty. The Fear & Greed Index shows greed among investors. Per the analysis, SUI is bullish and is ripe for a reversal.
Why is SUI up?
The SUI drop coincided with the crypto market cap rising above the $2.3 trillion mark. The rise in TVL also contributed to the rise as more investors sho interest in the DeFi market.
Recent news
Grayscale Research published Q4’s top 20 cryptocurrencies list, which includes six new entrants: Sui, Bittensor, Optimism, Celo, Helium, and UMA Protocol. These assets were selected because of their growth potential and because they fit essential trends in the crypto space.
Will SUI reach $1?
Per the SUI price analysis, SUI’s reversal from current lows will send SUI to previous highs above $1 this year.
Will SUI reach $10?
Per the Cryptopolitan price prediction, SUI will reach $10 in 2030 with an average of $12.42 for the year.
Will SUI reach $100?
It remains highly unlikely that SUI will rise to $100 before 2030.
Does SUI have a long-term future?
Should the market sentiment change, SUI will rise to previous years. SUI’s price predictions to 2030 are optimistic as global adoption for decentralized applications rises.
Sui price prediction October 2024
The SUI price forecast for October is a maximum of $2.85 and a minimum of $1.95. The average price for the month will be $2.35.
MonthPotential low ($)Potential average ($)Potential high ($)October1.952.352.85
Sui price prediction 2024
For the second half of 2024, SUI’s price will range between $0.73 and $1.30. The average price for the year will be $0.86.
YearPotential low ($)Potential average ($)Potential high ($)20240.730.862.85
Sui price prediction 2025 – 2030
YearPotential low ($)Potential average ($)Potential high ($)20251.761.812.1720262.672.763.1320273.944.054.5520285.668.636.8920298.348.639.76203012.0812.4214.66
Sui price prediction 2025
The SUI crypto price forecast for 2025 is a high of $2.17. It will reach a minimum price of $1.76 and an average price of $1.81.
Sui price prediction 2026
The SUI’s price prediction estimates it will range between $2.67 and $3.13, with an average price of $2.76.
Sui price prediction 2027
SUI coin price prediction estimates it will range between $3.94 and $4.55, with an average of $4.05.
Sui price prediction 2028
SUI coin price prediction climbs even higher into 2028. According to the prediction, SUI will range between $5.66 and $6.89, with an average price of $5.83
Sui price prediction 2029
According to the SUI coin price prediction for 2029, the price of SUI will range from $8.34 to $9.76, with an average price of $8.63.
Sui price prediction 2030
According to the 2030 SUI price prediction, the price will range between $12.08 and $14.66, with an average price of $12.42.
Sui price prediction 2024-2030
Sui market price prediction: Analysts Sui price forecast
Our predictions show that SUI will achieve a high of $1.30 in the second half of 2024. In 2025, it will range between $1.76 and $2.17, with an average of $1.81. In 2030, it will range between $12.08 and $14.66, with an average of $12.42. Note the predictions are not investment advice. Seek independent consultation or do your own research.
Exchanges such as Binance, OKX, KuCoin, and Bybit hosted activities toward the initial distribution of SUI in April 2023.
SUI initially traded at $2.10, well above the $0.10 investors paid during its public sale at the end of April.
A bear run preceded the listing, and on October 23, 2023, it fell to its lowest price, $0.3643.
It started recovering in November 2023.
It reached its highest price on March 27, 2024, at $2.18, after the Greek stock exchange announced a possible collaboration.
On May 21, 2024, the SUI network surpassed 1 million daily active wallets. In August, it traded at $0.57.
It later rose and broke above $1.5 in September and $2 in October.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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