Cryptocurrency | SUI |
Token | SUI |
Price | $ 1.03 -3.39% |
Market Capitalization | $ 2,415,490,548 |
Total Supply | 10,000,000,000 |
Trading Volume | $ 108,625,281 |
All-Time High | $2.16 |
All-Time Low | $1.13 |
Important: This SUI price prediction for 2023 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their SUI price forecast outcome differently. Hence, we strongly suggest doing your own research before buying SUI.
Read CRYPTONEWSLAND onSUI is a promising cryptocurrency that has been gaining popularity in the crypto community. As with any cryptocurrency, one of the most frequently asked questions is what the future holds for its price.
As a result, SUI cryptocurrency price prediction has become a topic of interest for many investors and traders in the cryptocurrency market. The price of SUI cryptocurrency is influenced by various factors such as market demand, adoption rate, regulatory changes, and technological advancements, making it challenging to predict with certainty.
However, by analyzing current trends and using various tools, experts and enthusiasts are constantly making predictions about the future of SUI cryptocurrency’s price. In this context, we will explore the potential outcomes of SUI cryptocurrency price prediction.
Sui is a decentralized, permissionless asset management platform that leverages the Move programming language for defining asset-related operations.
The platform relies on a permissionless group of authorities for maintenance, utilizing a Byzantine consistent broadcast protocol for asset operations, providing low latency and enhanced scalability. Byzantine agreement is reserved for the safety of shared objects, governance actions, and check-pointing.
Smart contract execution is parallelized when feasible, and Sui supports both light and full clients for authentication and auditing. The native SUI token covers gas expenses and allows owners to delegate stake to authorities. These authorities and their delegates receive a share of used gas based on their stake and involvement in Sui’s operations.
The current value of SUI is $ 1.03, and it has experienced a movement of -3.39% in the past 24 hours. The total trading volume for SUI is $ 108,625,281, and it holds the 55 position on the list of all cryptocurrencies with a market capitalization of $ 2,415,490,548.
To forecast the future price pattern of SUI, technical analysis indicators such as the relative strength index (RSI), Arnaud Legoux Moving Average (ALMA), and moving average convergence divergence (MACD) can be utilized. The above chart demonstrates how this analysis can help determine whether SUI will experience a bullish or bearish year.
Year | Minimum Price | Average Price | Maximum Price |
2023 | $1.01 | $2.30 | $2.51 |
2024 | $2.45 | $2.78 | $2.93 |
2025 | $3.37 | $3.86 | $4.04 |
2026 | $4.40 | $5.01 | $5.14 |
2027 | $4.40 | $5.01 | $5.14 |
2028 | $5.43 | $6.13 | $6.27 |
2029 | $7.72 | $8.42 | $8.51 |
2030 | $11.15 | $11.62 | $11.99 |
2031 | $15.73 | $16.23 | $16.37 |
Month | Minimum Price | Average Price | Maximum Price |
May 2023 | $0.94 | $1.04 | $2.43 |
Jun 2023 | $0.96 | $2.07 | $2.43 |
Jul 2023 | $0.96 | $1.78 | $2.41 |
Aug 2023 | $0.94 | $1.06 | $2.48 |
Sep 2023 | $0.95 | $1.40 | $2.50 |
Oct 2023 | $0.94 | $2.30 | $2.45 |
Nov 2023 | $0.97 | $1.16 | $2.44 |
Dec 2023 | $0.96 | $2.24 | $2.42 |
Predictions for 2023 suggest that SUI’s price could reach $2.24, with a minimum of $0.96 and a maximum of $2.42 by the year’s end.
Month | Minimum Price | Average Price | Maximum Price |
January 2024 | $2.45 | $2.72 | $2.77 |
Feb 2024 | $2.43 | $2.56 | $2.59 |
Mar 2024 | $2.42 | $2.54 | $2.93 |
Apr 2024 | $2.45 | $2.61 | $2.66 |
May 2024 | $2.45 | $2.78 | $2.87 |
Jun 2024 | $2.42 | $2.51 | $2.55 |
Jul 2024 | $2.43 | $2.53 | $2.56 |
Aug 2024 | $2.42 | $2.60 | $2.91 |
Sep 2024 | $2.43 | $2.57 | $2.74 |
Oct 2024 | $2.43 | $2.67 | $2.75 |
Nov 2024 | $2.41 | $2.45 | $2.69 |
Dec 2024 | $2.41 | $2.44 | $2.57 |
In 2024, SUI’s price is anticipated to hit $2.44, with a minimum of $2.41 and a maximum of $2.58 by the end of the year.
Month | Minimum Price | Average Price | Maximum Price |
January 2025 | $3.35 | $3.51 | $3.97 |
Feb 2025 | $3.33 | $3.64 | $3.92 |
Mar 2025 | $3.37 | $3.81 | $3.98 |
Apr 2025 | $3.34 | $3.65 | $4.04 |
May 2025 | $3.37 | $3.68 | $3.90 |
Jun 2025 | $3.35 | $3.81 | $4.02 |
Jul 2025 | $3.32 | $3.40 | $3.80 |
Aug 2025 | $3.37 | $3.86 | $4.02 |
Sep 2025 | $3.35 | $3.71 | $3.91 |
Oct 2025 | $3.33 | $3.81 | $3.85 |
Nov 2025 | $3.33 | $3.73 | $3.87 |
Dec 2025 | $3.32 | $3.40 | $3.57 |
By 2025, SUI’s price is expected to climb to $3.40, with a minimum of $3.32 and a maximum of $3.57 by year-end.
The 2026 forecast indicates that SUI’s price might reach $4.77, with a minimum of $4.37 and a maximum of $4.86 by the end of the year.
Predictions for 2027 suggest SUI’s price could achieve $4.29, with a minimum of $3.80 and a maximum of $4.47 by the year’s end.
In 2028, SUI’s price is anticipated to hit $5.55, with a minimum of $5.41 and a maximum of $5.58 by the end of the year.
By 2029, SUI’s price is expected to climb to $8.11, with a minimum of $7.72 and a maximum of $8.14 by year-end.
The 2030 forecast indicates that SUI’s price might reach $11.62, with a minimum of $11.12 and a maximum of $11.87 by the end of the year.
Predictions for 2031 suggest SUI’s price could achieve $15.88, with a minimum of $15.70 and a maximum of $15.90 by the year’s end.
SUI Network has a positive outlook, and predictions suggest that it will experience a significant increase in value in the coming years, making it an attractive option for potential investors due to its substantial market capitalization.
However, because of the volatile nature of this cryptocurrency, it may not be suitable for short-term investments, but it provides several possibilities for long-term investments. It is important to remember that the cryptocurrency market is unpredictable, so investment decisions should align with an individual’s risk tolerance and market awareness. Furthermore, conducting research before investing in cryptocurrency is critical to making an informed decision.
The lowest future price of Sui is predicted to be up to $2.51 USD.
The highest future price of Sui is anticipated to reach up to $22.18 USD.
Based on the predictions, Sui’s price is expected to increase in the future.
Investing in Sui is considered profitable according to the forecasts.
Sui’s price is not expected to be downward based on the predictions.
In a year, 1 Sui (SUI) could be worth around $2.51 USD, nearly a 2x increase from its current price.
The price of Sui after 1 year may reach up to $2.93 USD.
The price of Sui after 3 years could be up to $4.04 USD.
The price of Sui after 4 years is predicted to be up to $5.14 USD.
The price of Sui after 6 years may reach up to $8.51 USD.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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