Sui Price Prediction: Is SUI Crypto a Good Investment?

October 7, 2024

Price Prediction

Sean Korbett

Sui is a decentralized Layer-1 blockchain designed to make it easier for developers to create and deploy smart contracts. At the moment, it’s one of the biggest blockchains on the market. How will it develop in the future? Discover Sui price prediction in StealthEX’s latest article.

Sui (SUI) Overview

Sui blockchain offers great transaction speed at a low cost. Sui Network uses Move, a programming language that Facebook originally created for its Diem project. Move allows developers to define custom assets on the blockchain. These assets are subject to strict ownership rules enforced by the language to prevent duplication, misuse, or accidental deletion. This feature makes Move suitable for building decentralized applications that require high security and reliability, which is extremely important for blockchains securing significant amounts of value.

Staking involves locking up SUI to support the network’s security and integrity in exchange for rewards, similar to how you can lock up money in a term deposit with your bank and earn bonus interest. Staking also contributes to the network’s robustness and allows SUI holders to increase their SUI holdings.

The blockchain is developed by Mysten Labs, which is led by several former senior executives for Meta’s (previously Facebook) now-defunct digital wallet program, Novi. In September 2022, Mysten Labs completed a $300 million Series B funding round to further build the blockchain. Well-known venture investors Circle, Binance Labs, Lightspeed Venture Partners, a16z, and NCSoft support the startup.

Sui launched its incentivized testnet in August 2022. Then the mainnet went live on May 3, 2023.

Sui Network Features

Sui offers several features within the crypto space:

1. Move programming language. Utilizes the Move language for writing smart contracts, ensuring security and flexibility.
2. High throughput and low latency. Achieved through parallel transaction processing and an efficient consensus mechanism.
3. Innovative data model. Adopts an object storage model to enhance data management efficiency.
4. Scalability. Designed to support large-scale decentralized applications.

Sui (Sui) Price Chart    

CoinMarketCap, October 7, 2024

Sui Price History Highlights 

• 2023: Sui first came onto the open market in 2023. It reached $1.4 at its peak.
• 2024: During the recent crypto market spike in March of 2024 SUI reached its all-time high of $2.18. Since then its price has dropped and at the moment fluctuates between $1.9 and $2.

Sui Price Prediction: 2024, 2025, 2030-2040

Sui Price Prediction 2024

DigitalCoinPrice analysts expect that in 2024 Sui coin’s price can hit a maximum of $3.96 (+117%), while at its lowest point it can drop to $1.6 (-12%).

PricePrediction experts think that in 2024, Sui will drop in price: the coin will hit $1.18 (-35%) at its low, while at its maximum Sui will only go as high as $1.29 (-29%).

Telegaon crypto experts anticipate that in 2024 the minimum lowest price Sui can equal $1.27 (-30%) vs its maximum price of $3.15 (+73%).

Sui Price Prediction 2025

Based on the predictions of experts at DigitalCoinPrice, in 2025, Sui might reach $4.61 (+153%) per coin at its highest point. Its lowest price might drop to $3.89 (+113%).

According to PricePrediction, in 2025 Sui crypto can hit $2.05 (+12%) at its maximum while it can drop to $1.81 at its lowest point, reaching its current price level.

Telegaon analysts believe that in 2025 Sui coin is going to drop to its lowest point of $3.23 (+77%), while at its highest point it can rise to $5.36 (+194%).

Sui Crypto Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, Sui coin will rise even higher: its maximum price level is set at $13.43 (+637%), while at its lowest point it can drop to $12.2 (+570%).

According to PricePrediction, by 2030 Sui coin can go as low as $10.97 (+502%), while at its highest point it’s going to rise to $12.99 (+613%).

Telegaon experts are bullish on Sui: according to them, in 2030 Sui has the potential to reach a maximum price of $38.19 (+1,998%) per coin, while at its bottom it can hit $26.75 (+1,369%).

Sui Price Prediction 2040

PricePrediction believes that by 2040, Sui crypto is going to reach staggering price level: according to their analysts, it will drop to a minimum of $562.13 (+30,786%) at its low and a whopping $703.53 (+38,555%) per coin at its peak.

Telegaon crypto analysts think that in 2040 Sui will cost $168.14 (+9,138%) per coin at its peak. It can also drop in price to a minimum of $124.56 (+6,743%).

Sui Price Prediction: What Do Experts Say?

Sui’s transaction speed is further enhanced by its unique architecture, which includes the ‘Narwhal and Bullshark’ mechanism. Narwhal combines transactions and Bullshark organizes them for rapid approval to ensure high throughput. This feature is combined with the Move programming language, and thanks to these Sui seems like an innovative project with a bright future.

As Sui provides a number of unique features within the crypto space, analysts, such as Coinpedia via CoinMarketCap believe that SUI can hit a maximum of $2 by the end of 2030. In fact, according to a statement by a prominent crypto analyst Raoul Pal of Real Vision, SUI was primed for a massive takeoff on the price charts. The analyst cited SUI’s recent breakout above long-term trendline resistance and the SUI/SOL ratio. 

Sui USDT Price Technical Analysis  

Tradingview, October 7, 2024

Now that we’ve seen possible price predictions for Sui, let’s find out a bit more about the factors that can influence its price.

What Does the Sui Price Depend On?

More information about SUI price prediction related to its current positive momentum will be determined by macroeconomic and broader market variables. Even though the setup itself appears promising, the asset is still susceptible to abrupt changes in the market. One key factor that affects SUI’s price movement is the level of adoption and acceptance within the broader crypto community.

Moreover, reaffirming the potential and resilience of the Sui ecosystem in the face of turbulence, notable recoveries have been fuelled by technical improvements, positive changes within the ecosystem, and strategic partnerships. Periods of stability change to sharp volatility, reflecting the broader trends in the crypto market and the impact of global economic factors.

When assessing Sui as an investment, keep the following considerations in mind:

• Supply and demand;
• Competition;
• Market adoption;
• Regulatory environment;
• Technological advancements;
• Partnerships;
• Global economic conditions;
• Investor interest;
• Positive news and developments.

Risks and Opportunities

According to research, Sui’s expansion might depend on hitting important transaction milestones: billions of transactions could be transacted with it in the upcoming years. Sui’s market capitalization and trading volume should be closely monitored by investors, since these factors frequently indicate a cryptocurrency’s general health and level of competition. The efficiency and speed of the Sui blockchain are designed in. With a throughput of up to 297,000 transactions per second (TPS), it demonstrates remarkable performance. Sui’s competitive advantage in the blockchain market stems from its ability to handle a wide range of applications, including as NFTs and DeFi.

Despite this, Sui can face opportunities as well as obstacles in the future due to the growing interest in cryptocurrency. It remains a volatile digital asset, and an investor should carefully consider the potential of Sui before investing in it.

Is Sui Crypto a Good Investment?

Sui has shown notable price movements since its launch and can be considered as a potential investment if your risk tolerance is high.

Can SUI Reach $50?

According to Telegaon, Sui coin can hit $50 between 2030 and 2035.

What Is the SUI Coin Price Prediction for the Bull Market?

A lot will depend on the market sentiment, on the supply and demand of Sui, along with the regulations environment. Some experts, such as PricePrediction, believe that it can hit a maximum of $704 in 2040.

How High Will SUI Go in 2024?

According to DigitalCoinPrice, in 2024, SUI token can hit a maximum of $4.

What Is the Max Supply of Sui Token?

The total supply of SUI is capped at 10,000,000,000 SUI.

What Is the All-Time High of Sui?

Sui hit its all-time high of $2.18 on March 27, 2024.

Does SUI Crypto Have a Future?

With future upgrades and advancements in the Sui ecosystem, SUI might surpass its current all-time high.

Conclusion

Sui emerges as a fascinating project, steeped in innovation and driven by a distinct purpose. It was created to solve the scalability and usability problems that have long plagued the blockchain industry. The platform that its creators envisioned would not only speed up transaction times but also expand the possibilities for decentralized applications, increasing their usability and accessibility for a wider audience. This may lead to further expansion and increase in price for this innovative blockchain.

Where to Buy Sui Crypto?

StealthEX is here to help you buy Sui crypto if you’re looking for a way to invest in this cryptocurrency. You can buy Sui privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy Sui Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to SUI. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.