Key Takeaways
- SUI hits a new milestone of over $2B TVL as its price continues to gain the attention of crypto traders and investors.
- SUI price could hit $50 in 2025 following interest from investors, memecoins growth, and community activities.
- SUI’s bullish dominance continues across higher timeframes, indicating price could continue with buy signals as the market recovers.
| Token Name | SUI |
|---|---|
| Current Price | $4.8 |
| Market Capitalization | $14.55B |
| Total Circulating Supply | 3B SUI |
| Daily Support | $4.3 |
| Weekly Support | $3.8 |
| 1 Year Performance | 500% |
SUI price performance can not be doubted in the last couple of months as this project, birthed in the heat of the bear market, has exceeded the expectations of many investors and crypto projects as analysts speculate the price of SUI could pull something similar to Solana.
One of the key interests for SUI over the past few months is its strength and bullish price action to hold its price during market turbulence or crypto market crash, demonstrating how important this project is and how undervalued it is, as many crypto analysts have emphasized.
Despite the price of Bitcoin and other altcoins crashing extremely in the past few days, the price of SUI has held its ground by bulls above $4.5. Many analysts have speculated that the price of SUI has the potential to hit $30-$50 in this current bull market, and that could be conservative considering some key factors we will discuss in this article.
SUI Historical Performance
Source – SUI Historical Performance From Coinmarketcap
SUI, a layer-1 blockchain technology always teased to be the next Solana, has gained much price traction following its growth at an early stage. Its price has grown exponentially in the past year by over 500%, and it is expected to continue in this fine form of growth. After seeing its price hit a low of $0.36 in October 2023, the price of SUI has rallied by over 1200% since it was listed for trading.
With its market cap at $14.55B, SUI still has the potential to continue growing if its price is to compete with the prices of other top layer-1 blockchains in the crypto industry.
TVL And Ecosystem Growth
Source – SUI Community and TVL Growth From DefiLlama
SUI’s growth has cut across all of its ecosystems, with increasing growth coming from its Total Value Locked (TVL) surpassing $2B, hitting a milestone with much speculation suggesting this rise has come from memecoins and an increase in activities by developers building on the SUI network.
With its TVL expected to grow even bigger than this, developer activity will rise, and increased community activity could be a key factor in seeing SUI hit new all-time highs and increase in marketcap in the coming months.
Technical Analysis And Expert Views
Source – DegenDollaz SUI Price Prediction From X
DegenDollaz took to his X account to express his price target for SUI for 2025 starting that price could trade as high as $30 due to the following reasons – community growth, improve technology, memecoins growth, increase search for SUI as the hottest crypto asset to hold in one’s portfolio.
Source – SUI Price Chart From TradingView
The price of SUI has maintained its uptrend for over one year now since its rally above the 50-day and 200-day EMAs. Price has respected these indicators, trading above them and using its key points as support.
On the higher timeframe, SUI has shown great strength in bullish price continuation and dominance without any plans to slow down or stop anytime soon. If the price of SUI continues to trend above $4, we could see the price hitting $10 in the coming month as the price has the potential to rally higher to $50.
Key Support Zone For SUI – $4 and $3.8
