SUI price prediction indicates that its price could cross $5 in the near term, i.e., by Q1 of 2025. In the long term and the ultra-long term, we expect the price targets of $50 and $500 to arrive for SUI.
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What is SUI?
Sui is a layer-1 blockchain with ultra-high-speed transaction speeds and has the ability to process them at highly affordable rates. The blockchain is a dominant layer-1 chain outside the EVM-based chains (BNB, Ethereum, etc).
Fundamental Analysis
Sui plays a crucial role in providing a high-speed blockchain for daily use, developing economical dApps, and providing a decent DeFi ecosystem for beginners in crypto.
Further, SUI saw a recent spike in its TVL. This spike can be attributed to the cheap transaction fees that let users first experiment with its blockchain and then put their funds in its protocols. This helps several Web2 users adopt Web3 via the SUI blockchain.
SUI also has recently become a top chain among non-EVM blockchains (Ethereum ecosystem) with its daily transaction volumes touching above 300 million.
Technical Analysis
SUI had moved in a narrow ascending triangle between August 2024 and mid-Dec 2024. This pattern touched an all-time high of $4.93 on Dec 16, 2024, crossing crucial resistances of $1.7 and $3.3.
After this high, the price corrected to $4.11. Despite the recent corrections in the wider crypto markets, SUI has shown some resilience and held $4 levels. On weekly charts, SUI has made a shooting star candle which indicates that a fall below the $4 level is difficult.
Further, the RSI of SUI on weekly charts has shown that despite the wider corrections, the price momentum of SUI has been strong at 68. Once it crosses above 70, we might see SUI crossing $5 soon.
SUI Price Prediction
In the short term, we expect SUI to make a new ATH above $5. By the end of 2025, SUI could see greater adoption that could help its price cross $10 before the end of 2025. In the long term, we assume SUI will establish itself as a dominant layer-1 chain similar to Ethereum, XRP, and Solana.
Sui Price Prediction 2025
Within Q1 of 2025, SUI could easily cross $4.93 ATH as its chart pattern indicates resilience to the recent market-wide correction.
By the end of 2025, SUI might easily cross $10, ending the year possibly as a top 10 crypto by market cap. At present, it is the 15th largest by market cap.
Sui Price Prediction 2026
By the end of 2026, we expect SUI to cross the $15 to $17 levels based on its current growth and strong technical charts.
Sui Price Prediction 2027
By the end of 2027, SUI might retain the price of $15 despite market corrections.
Sui Price Prediction 2028
The pre-halving rally of 2025 could take SUI above $25, and the post-halving alt season could push SUI above $30.
Sui Price Prediction 2029
We assume SUI would cross $40 levels by 2029 based on the need for affordable general-purpose layer-1 chains in crypto markets.
Sui Price Prediction 2030
SUI has the potential to become a stronger blockchain than Solana in the long term because, unlike Solana’s high dependence on memecoins, SUI’s growth is entirely based on its strong presence among newer Web3 users.
Based on this, we assume SUI could cross $50 by 2030.
Sui Price Prediction 2045
In the ultra-long term, we expect SUI to cross $500 levels because of its diverse sources of revenue. Its ability to easily onboard Web2 users to Web3 and the prospects of growth in affordable layer-1 chains.
Understand these five factors for a tension-free crypto investment journey.
