Sui Coin, an emerging decentralized solution, has gained phenomenal momentum, registering a
58% rise in just three weeks. Experts are pointing towards
DeepBook V3 as a potential game-changer that could further drive the coin’s value. As a result, many are questioning if SUI is a good investment for 2024-2030.
Sui Coin's flipped Bitcoin and Toncoin, suggesting imaginable access to a market of over
$113 billion. Now among the
top 10 next big cryptocurrency projects that could boom, including the likes of AAVE, BNB and Solana. It has, however, slipped in value, with investors migrating to a new $0.001777 cryptocurrency with gaming utility.
An
increase of 3% in 24 hours was however recently recorded. Drawing attention to Sui is
Grayscale, introducing crypto funds for decentralized AI project Bittensor's TAO and Layer-1 Network Sui's token. SUI's breakout run aims to target a sizable
100% hike to hit $2.
Further fodder for discussion is the announcement that SUI would be an official event partner for
Korea Blockchain Week. Recent events saw Sui Club partnering with Copper to build full institutional accessibility and launching a global partnership with Revolut to expedite blockchain education and adoption.
However, not everything is rosy. Sui Coin displays a clear bearish market structure, with the token suffering a 45% loss from its $2.18 all-time high. Critics argue that the founders control 84% of the token supply, raising centralization concerns. Nonetheless, Sui's objective-centric model, recent partnerships, and strategic positioning suggest a promising potential for the future.
SUI Coin News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Thu, 22 Aug 2024 19:22:54 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor 6
