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SUI price prediction 2024-2030: Is SUI a good investment?

Key takeaways:

  • Our SUI price prediction indicates a high of $1.30 by the end of 2024.
  • In 2025, SUI will range between $1.85 and $2.25, with an average price of $1.92.
  • In 2030, it will range between $12.32 and $14.69, with an average price of $12.67.

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

CryptocurrencySui
TickerSUI
Current price$0.6712
Market cap$1,686,615,187
Trading volume$154,112,306
Circulating supply2,512,208,504
All-time low$0.3643 on Oct 19, 2023
All-time high$2.18 on Mar 27, 2024
24-hour high$0.6963
24-hour low$0.6171

SUI price prediction: Technical analysis

MetricValue
Volatility (30-day variation)13.40%
50-day SMA$0.954
200-day SMA$1.219
SentimentBearish
Fear and greed index28 (Fear)
Green days12/30 (40%)

SUI price analysis: SUI maintains a bear run

Key takeaways:

  • SUI faces rejection at $0.6354.
  • The year’s bear run prevents SUI from registering higher highs.

SUI 1-day chart: SUI sparks interest

SUI/USD chart. Image source TradingView

SUI is sparking renewed interest among traders and investors. This move came as it faced rejection at $0.6354, indicating a potential rise above current levels. The move is accompanied by diminishing negative momentum. Positive momentum could result in a double-bottom trend reversal candle formation.

Generally, SUI is on a bear run and has crossed into oversold territory several times. The relative strength index is at 35.42, and the signal line has crossed above the RSI line, suggesting a higher move. 

SUI 4-hour chart: SUI reverses from oversold territory

SUI/USD chart. Image source TradingView

The 4-hour chart shows the current move as a sharp reversal from oversold territory. However, the move did not put the coin at previous highs. The year’s bear run could be in play, preventing SUI from registering higher highs.

SUI technical indicators

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 30.7459SELL
SMA 50.7304SELL
SMA 100.7663SELL
SMA 210.8389SELL
SMA 500.9544SELL
SMA 1001.1334SELL
SMA 2001.2189SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 30.7921SELL
EMA 50.8161SELL
EMA 100.8503SELL
EMA 210.9025SELL
EMA 50 1.0019SELL
EMA 1001.1122SELL
EMA 2001.1217SELL

Is SUI a good investment?

The SUI has utility, and ongoing developments and partnerships will lead to a more efficient network. SUI is volatile but continues to scale higher. As per the Cryptopolitan price predictions, SUI will set record prices in the coming years.

What can we expect from SUI price analysis next?

According to the technical indicators, SUI recorded twelve bullish days in the thirty. The Fear & Greed Index shows traders are fearful. It registers little momentum on the charts, meaning it will move sideways over the short term.

Why is SUI down?

The SUI drop coincided with the crypto market cap falling towards the $2 trillion mark, now at $2.06 trillion. Therefore, the drop could be explained by the bearish market sentiment.

Will SUI recover?

SUI trades at its lowest this year. It is ripe for reversal at current levels, with plenty of room for price movement to the upside. 

Will SUI reach $1?

Per the SUI price analysis, SUI’s reversal from current lows will send SUI to previous highs above $1.

Will SUI reach $10?

Per the Cryptopolitan price prediction, SUI will reach $10 in 2029 despite averaging $8.8 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.

Recent news/ opinions

The Sui Bridge incentivized Testnet concluded on July 8th, marking the final opportunity for participation. Community feedback and thorough testing are critical to ensure the smooth functionality of the Sui Bridge upon its mainnet launch.

SUI price prediction July 2024

The SUI price forecast for July is a maximum of $0.89 and a minimum of $0.63. The average price for the month will be $0.70.

MonthPotential low ($)Potential average ($)Potential high ($)
July0.630.700.89

SUI price prediction 2024

For the second half of 2024, SUI’s price will range between $0.63 and $1.30. The average price for the year will be $0.85.

YearPotential low ($)Potential average ($)Potential high ($)
20240.630.851.30

SUI price prediction 2025-2030

YearPotential low ($)Potential average ($)Potential high ($)
20251.851.922.25
20262.592.683.20
20273.954.054.60
20285.846.006.94
20298.578.8110.04
203012.3212.6714.69

SUI price prediction 2025

The SUI crypto price forecast for 2025 is a high of $2.25. It will reach a minimum price of $1.85 and an average price of $1.92.

SUI crypto price prediction 2026

The SUI’s price prediction estimates it will range between $2.59 and $3.20, with an average price of $2.69.

SUI price prediction 2027

SUI coin price prediction estimates it will range between $3.95 and $4.60, 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 $5.84 and $6.94, with an average price of $6.00.

SUI price prediction 2029

According to the SUI coin price prediction for 2029, the price of SUI will range from $8.57 to $10.04, with an average price of $8.81.

SUI price prediction 2030

According to the 2030SUI price prediction, the price will range between $12.32 and $14.69, with an average price of $12.67.

SUI price prediction 2024-2030

SUI market price prediction: Analysts’ SUI price forecast

Firm202420252026
Digitalcoinprice$1.43$1.68$2.39
Gate.io$0.6425$0.6939$0.8500
Changelly$2.32$1.92$2.68

Crytpopolitan’s SUI price prediction

Our predictions show that SUI will achieve a high of $1.30 in the second half of 2024. In 2025, it will range between $1.85 and $2.25, with an average of $1.92. In 2030, it will range between $12.32 and $14.69, with an average of $12.67. Note the predictions are not investment advice. Seek independent consultation or do your own research.

SUI historic price sentiment

  • 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.
SUI price history. Image Source: CoinStats

Subjects tagged in this post:

FAQs

What is SUI?

SUI coin is a cryptocurrency that serves as the native token of the SUI network. It enables users to participate in the SUI ecosystem, including contributing to the network's governance, staking, and earning rewards

What can I do with SUI coins?

SUI coins have multiple use cases within the SUI ecosystem. You can stake your SUI coins to secure the network and earn rewards, participate in the governance process by voting on proposals and shaping the network's future, or use them for various services and products within the SUI network.

What are the benefits of staking Sui coins?

By staking SUI coins, you not only support the network but also earn staking rewards. These rewards are distributed to participants who actively stake their coins, encouraging network participation and long-term commitment.

Can I transfer my Sui coins to other wallets or exchanges?

Yes, you can transfer your SUI coins to other wallets or supported exchanges. SUI coins are fungible tokens that can be freely transferred, traded, or stored in compatible wallets.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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