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Sui Price Prediction 2024-2030: Is SUI A Good Investment?

Key Takeaways

  • Our SUI price prediction indicates a high of $1.60 by the end of 2024.
  • In 2025, SUI will range between $1.88 and $2.35, with an average price of $1.94.
  • In 2030, it will range between $12.70 and $15.09, with an average price of $13.06.

According to Coinmarketcap data, SUI trades below its initial listing price, raising concerns among its investors. Over the last 30 days, it has dropped 19%, but it is bullish in the short term and set to trend higher in the long term. 

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. 

Also Read: Sui Network clarifies Information on its tokenomics | Cryptopolitan

Is SUI a good investment? Will it go up? Where will it be in five years? Our SUI Cryptopolitan Price Prediction answers these questions and more.

Overview

CryptocurrencySui
TickerSUI
Current Price$1.12
Market Cap$2,616,883,607
Trading Volume$194,159,066
Circulating Supply2,339,196,966
All-time High$2.18 on Mar 27,2024
All-time Low$0.3643 on Oct 19,2023
24-hour High$1.15
24-hour Low$1.08

SUI Price Prediction: Technical Analysis

MetricValue
Volatility (30-day Variation)9.97%
50-day SMA$1.256
200-day SMA$1.159
SentimentNeutral
Fear and Greed Index76 (Extreme Greed)
Green Days12/30 (40%)

SUI Price Analysis: SUI to Trade Higher

Key Takeaways

  •  SUI registers positive momentum with resistance at $1.3055.
  • A move above 70 RSI will necessitate a sharp reversal.

SUI/USD 1-day Chart: SUI is breaking out upward

SUI is breaking out upward following a downward trend that began in March. It trades between the 78.60 and 61.80 percentile. It registers positive momentum with resistance at $1.2954. The RSI is neutral, suggesting plenty of room for price movement in either direction.

Sui Price Prediction 2024-2030: Is SUI A Good Investment?
SUI/USDT 4-hour price chart. Image Source: TradingView

SUI/USD 4-hour Chart: SUI Forms a Bullish Flag Pattern

SUI has formed a bullish flag pattern, signaling a move higher from current levels. The last flag resulted in a higher high; a similar scenario should play out over the short term. A move above 70 RSI will necessitate a sharp reversal.

Sui Price Prediction 2024-2030: Is SUI A Good Investment?
SUI/USDT 4-hour Price Chart. Image Source: TradingView

SUI Technical Indicators: Levels and Action

Daily Simple Moving Average

PeriodValue ($)Action
SMA 31.124BUY
SMA 51.102BUY
SMA 101.067BUY
SMA 211.070BUY
SMA 501.255SELL
SMA 1001.473SELL
SMA 2001.159SELL

Daily Exponential Moving Average

PeriodValue ($)Action
EMA 31.066BUY
EMA 51.080BUY
EMA 101.114BUY
EMA 211.193SELL
EMA 501.341SELL
EMA 1001.361SELL
EMA 2001.214SELL

What to Expect from SUI Price Analysis Next?

The current sentiment is neutral, while the Fear & Greed Index shows Extreme Greed. Sui Crypto recorded 12/30 (40%) green days. The charts indicate that SUI will trade higher with resistance at $1.295.

Is SUI a Good Investment?

The SUI has utility, and upcoming developments like the Mysticeti protocol will lead to a more efficient network. SUI is a victim of the crypto market dynamics but continues to scale higher. As per the price predictions, SUI will set record prices in the coming years.

Recent News/ Updates

  • SUI recently announced the deployment of the Mysticeti consensus protocol on the SUI testnet. Once deployed on the mainnet, this development will reduce consensus time by 50%.

Also read: Sui Sets New Standard for Blockchain Transaction Speeds

SUI Price Prediction May 2024

SUI’s price will break higher from current levels, with room for $1.294 before the end of the month. It will trade at an average of $1.09.

MonthPotential Low ($)Potential Average ($)Potential High ($)
May0.891.091.30

SUI Price Prediction 2024

The price predictions for SUI for the second half of 2024 are bullish. It will trade between $0.89 and $1.60 and average $1.39.

YearPotential Low ($)Potential Average ($)Potential High ($)
20240.891.391.60

SUI Price Predictions 2025-2030

YearPotential Low ($)Potential Average ($)Potential High ($)
2025$1.88$1.94$2.35
2026$2.80$2.87$3.27
2027$4.23$4.34$4.89
2028$6.20$6.37$7.45
2029$8.82$9.08$10.40
2030$12.70$13.06$15.09

SUI Price Prediction 2025

The SUI forecast for 2025 indicates a high of $2.35. In a correction, SUI might rest at a minimum price of $1.88, making an average price of $1.94.

SUI Price Prediction 2026

The year 2026 will experience more bullish momentum. According to the SUI price prediction, it will range between $2.80 and $3.27, with an average trading price of $2.87.

SUI Price Prediction 2027

The SUI’s price prediction climbs higher into 2027. According to the prediction, it will range between $4.23 and $4.89, with an average of $4.34.

SUI Price Prediction 2028

According to the SUI price prediction, SUI will range between $6.20 and $7.45, with an average of $6.37.

Also Read: Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3 

SUI Price Prediction 2029

According to the SUI coin price prediction for 2029, the SUI price will reach a maximum and minimum cost of $10.40 and $8.82, respectively, with an average of $9.08.

SUI Price Prediction 2030

The SUI coin price prediction 2030 indicates a price range of $12.70 and $15.09 and an average price of $13.06. 

Sui Price Prediction 2024-2030: Is SUI A Good Investment?
SUI Price Prediction Chart.

SUI Market Price Prediction: Analysts SUI Price Forecast

Firm20242025
DigitalCoinPrice$2.35$2.76
Changelly$1.67$2.50
Gate.io$1.14$1.19

Cryptopolitan’s SUI Price Prediction

According to Coinmarketcap, SUI has dropped 34% from its initial listing price. At current levels, it is bullish despite dropping 20% in the last 30 days.

It will achieve a high of $1.60 in the second half of 2024. In 2025, it will range between $1.88 and $2.35, with an average price of $1.94. In 2030, it will trade between $12.70 and $15.09. Note that the predictions are not investment advice; conduct your own research before investing.

SUI Historic Price Sentiment

  • The SUI pre-sale price was $0.03 on three exchanges: OKX, KuCoin, and ByBit. You can trade SUI on those exchanges.
  • The public sale- held in May 2023- price was $0.10, capped at 10,000 tokens per person.
  • According to Coinmarketcap, SUI started trading at $1.4. A bear run preceded it, and on October 23, 2023, it fell to its lowest price, $0.3643.
  • It started recovering after October. It reached its highest price on March 27, 2024, at $2.18.
  • On May 21, 2024, SUI surpassed 1 million daily active wallets.
Sui Price Prediction 2024-2030: Is SUI A Good Investment?
SUI/USD historical price movements. Image Source: https://coinstats.app/coins/sui/



Cryptopolitan reporting by Brian Koome.

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

How can I get SUI coins?

You can obtain SUI coins through various methods, such as participating in the SUI token sale, purchasing them from supported cryptocurrency exchanges, or earning them through staking and participating in the network's activities.

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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