Sui Price Prediction 2024-2033 As the cryptocurrency market gains momentum and traders search for potential investment opportunities, Sui (SUI) has emerged as a coin, capturing significant attention. SUI operates on a smart contract platform maintained by a permissionless group of validators, contributing to the network’s security and functionality.  The native token, SUI, serves as a […]

Sui Price Prediction 2024-2033

As the cryptocurrency market gains momentum and traders search for potential investment opportunities, Sui (SUI) has emerged as a coin, capturing significant attention. SUI operates on a smart contract platform maintained by a permissionless group of validators, contributing to the network’s security and functionality. 

The native token, SUI, serves as a means of payment for gas fees. At the same time, 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 lies in its ability to achieve parallel agreement on independent transactions, leading to enhanced scalability. 

While predicting the future price of any cryptocurrency is challenging, SUI’s unique characteristics and growing interest suggest the potential for increased demand and value. Traders and investors are advised to stay informed about the project’s developments, market trends, and factors influencing the broader cryptocurrency landscape to make well-informed decisions regarding SUI’s price trajectory.

Here’s a bit of trivia, in case you’re wondering: Sui or mizu, 水, meaning “Water” in Japanese, is one of the elements in the Japanese system of five elements and represents the fluid, flowing, formless things in the world. One can imagine how this coin was likewise named, but Sui can also mean many related things.

The Current Price of SUI

Today’s Sui price is $1.68 with a 24-hour trading volume of $346,176,019. Sui is down 5.51% in the last 24 hours. The current CoinMarketCap ranking is 56, with a live market cap of $2,168,795,637. It has a circulating supply of 1,295,901,469 SUI coins and a max. supply of 10,000,000,000 SUI coins.

Sui Price Analysis: SUI Price Faces a Further Downtrend at $1.68 as Bearish Persists

  • Sui price analysis shows a bearish market today.
  • Resistance for SUI/USD is currently at $1.77.
  • Support for the coin is present at $1.66.

Sui price analysis for the 11th of June price analysis is showing a decline in the price value, as the bears have made a considerable comeback. The past few days had seen an extraordinary rise in the price as more buyers entered the market. However, Today’s trend is going toward the downside, as the bears are trying to pave the way for their momentum. 

SUI/USD 1-day price chart: Bearish movement has drawn SUI price to $1.68

The SUI/USD pair had a hard time gaining any positive momentum since the bearish wave hit the market. The price has been trying to find stability, but it is yet to be seen if the bulls can make a comeback. At present, SUI/USD faces resistance at $1.77 and support at $1.66. However, if bears break the support, there is a risk of SUI/USD falling even lower. For now, if the bulls can make some progress in pushing up the price, then $1.68 will be tested once again.

SUI/USD 1-day price chart By; TradingView

The stochastic RSI is trading near undersold levels as opposed to the RSI oscillator. It is about to reach the supply zone in a daily time frame.  Currently, the Stochastic  RSI is trading around 46.19. The MACD also shows a bearish divergence in the SUI/USD pair, which suggests that further downward pressure could be seen in the market. The histogram’s size is decreasing, which shows that the bearish momentum is still in control. The daily moving average curve is beneath the candles, which indicates that the bearish trend will remain intact shortly.

Sui Price Analysis: SUI Turns Red Today as The Bears Take Over

The 4-hour Sui price analysis shows that the bears are putting in efforts to achieve supremacy over the price chart once again. Their progress so far has been considerable, as the price levels have receded to the $1.68 level. If bears persist, the 20-EMA and 50-EMA might cross the bearish crossover. The current trend of the market shows that bears are making a slow recovery before furthering their downward movement. 

SUI/USD 4-hour price chart By; TradingView

The moving average (MA) value is $1.74, slightly lower than the current price as the bearish momentum continues to dominate the market. The Stochastic RSI is trading around the oversold zone at  27.94, just below the 30 level. The moving average convergence divergence (MACD) is also showing a bearish picture in the SUI/USD pair. The MACD line has gone below the signal line, which confirms that bears are likely to remain in control for some time. 

Sui Price Analysis Conclusion

The Sui price analysis shows a bearish outlook in the market. The bears are currently in control of the market and may continue to push SUI/USD lower than its current levels. Buying pressure is currently low, and the bulls need to work hard to break through the resistance if they want to take back control.

Sui Price Predictions 2024 – 2033

SUI Price Prediction by Cryptopolitan

Year Minimum Average Maximum
2024 $2.09 $2.15 $2.38
2025 $3.10 $3.18 $3.57
2026 $4.50 $4.62 $5.34
2027 $6.36 $6.59 $7.81
2028 $9.24 $9.57 $11.03
2029 $13.56 $14.04 $16.12
2030 $19.45 $20.01 $23.58
2031 $27.44 $28.25 $33.48
2032 $39.51 $40.64 $48.50
2033 $56.44 $58.48 $67.86
Sui Price Prediction

Sui Price Prediction 2024

According to the technical analysis of Sui prices expected in 2024, the minimum cost of SUI will be $2.09. The maximum level that the SUI price can reach is $2.38. The average trading price is expected around $2.15.

Sui Price Prediction 2025

After the analysis of the prices  in previous years, it is assumed that in 2025, the minimum price of will be around $3.10. The maximum expected SUI price may be around $3.57. On average, the trading price might be $3.18 in 2025.

SUI Price Forecast for 2026

As per the forecast price and technical analysis, In 2026 the price of Sui is predicted to reach at a minimum level of $4.50. The SUI price can reach a maximum level of $5.34 with the average trading price of $4.62.

Sui (SUI) Price Prediction 2027

According to our deep technical analysis on past price data of SUI, In 2027 the price of Sui is predicted to reach at a minimum level of $6.36. The SUI price can reach a maximum level of $7.81 with the average trading price of $6.59.

Sui Price Prediction 2028

Based on the technical analysis by cryptocurrency experts regarding the prices of SUI, in 2028, SUI is expected to have the following minimum and maximum prices: about $9.24 and $11.03, respectively. The average expected trading cost is $9.57.

Sui Price Prediction 2029

The experts in the field of cryptocurrency have analyzed the prices of Sui and their fluctuations during the previous years. It is assumed that in 2029, the minimum SUI price might drop to $13.56, while its maximum can reach $16.12. On average, the trading cost will be around $14.04.

Sui (SUI) Price Prediction 2030

Sui price is forecast to reach a lowest possible level of $19.45 in 2030. As per our findings, the SUI price could reach a maximum possible level of $23.58 with the average forecast price of $20.01.

Sui Price Forecast 2031

Based on the analysis of the costs of Sui by crypto experts, the following maximum and minimum SUI  prices are expected in 2028: $33.48 and $27.44. On average, it will be traded at $28.25.

Sui (SUI) Price Prediction 2032

In 2028, our Sui coin price prediction suggests that the coin might reach a minimum price of $39.51 with an average SUI price of $40.64 and a maximum forecasted value of $48.50.

Sui Price Prediction 2033

As per the forecast and technical analysis, In 2033 the price of Sui is expected to reach at a minimum price value of $56.44. The SUI price can reach a maximum price value of $67.86 with the average value of $58.48.

Sui Coin Price Prediction by Coincodex

Coincodex provides a comprehensive outlook on Sui Crypto (SUI), projecting a bullish trend in the coming years. Their analysis, based on a combination of technical indicators and market sentiment, suggests a steady rise in SUI’s price. The forecast indicates potential growth, with short-term predictions showing an increase, while long-term expectations depict a more significant ascent by 2031.

This positive trend is supported by a range of technical analyses, including Moving Averages and the Relative Strength Index, alongside market sentiment indicators like the Fear & Greed Index. Overall, Coincodex’s analysis points towards an optimistic future for SUI, making it an intriguing option for investors interested in the cryptocurrency’s long-term potential.

SUI Coin Price Prediction by DigitalCoinPrice

According to the Sui coin price prediction by Digitalcoinprice, Sui (SUI) is expected to experience significant growth in the coming years. The forecasts indicate a steady increase in Sui’s value, with its price predicted to rise progressively each year. By 2026, Sui’s price is projected to reach a maximum of around $4.65, and by 2033, it is anticipated to surge to a maximum of approximately $24.82. These predictions suggest that Sui could become a considerably valuable asset in the crypto market, reflecting its potential and expected market trends.

SUI Coin Price Prediction by Price Prediction net

PricePrediction.net has a relatively bullish outlook on Sui’s future price, anticipating a maximum price of $1.34 in one year. The market expert continues to point out that Sui has the potential of becoming a widely adopted cryptocurrency and could possibly reach a 5-year high of $6.36, with a maximum price target of $42.62 by 2032.

SUI Price Prediction by Market Experts

SUI Coin is the native token of the Sui network, a Layer-1 smart contract platform known for its scalability and low latency. The platform utilizes a unique object-centric data model and Move’s strong ownership types to achieve parallel agreement on transactions, providing fast finality and on-chain asset capabilities.

Market experts have varying opinions on the future price of SUI coins. According to Cilinix Crypto, a popular altcoin analyst channel, SUI could reach $1.0 within the next 12 months. The market analyst has given a technical and fundamental analysis of the SUI project and concluded that it has all the right features to make it a successful cryptocurrency. They predict that as adoption grows and more developers build on the Sui network, the demand for SUI Coin may increase, potentially leading to price appreciation.

SUI Coin Price History

Sui token price action since the launch shows on May 08, 2023, The SUI token opened at $1.249742, reached a high of $1.251327, and closed at $1.151478. The trading volume was $700.26 million, with a market cap of $605.75 million. May 15, 2023: The token experienced a surge, opening at $1.160171 and reaching a high of $1.248291. It closed at $1.207195, with a trading volume of $837.48 million and a market cap of $640.74 million.

May 24, 2023: The price declined, opening at $1.053851, with a low of $0.959751, and closing at $0.980074. The trading volume was $440.45 million, with a market cap of $523.55 million. May 31, 2023: The SUI token continued its downward trend, opening at $1.003051 and closing at $0.976384. The trading volume was $346.47 million, with a market cap of $513.81 million. June 06, 2023: The token saw further fluctuations, opening at $0.818737 and reaching a high of $0.848444. It closed at $0.832229, with a trading volume of $619.20 million and a market cap of $429.55 million.

Does Sui Layer-1 have future potential? Learn more here.

More on Sui/SUI

What is the SUI token?

Sui is a revolutionary Layer 1 blockchain and smart contract platform focused on speed, privacy, security, and accessibility. It utilizes an object-centric model based on the Move programming language, enabling parallel execution and sub-second finality. With scalable processing and storage capabilities, Sui offers fast and cost-efficient transactions for various applications.

Backed by industry leaders like Andreessen Horowitz, Sui has gained attention in the trading community, challenging Ethereum’s dominance. Its native token, $SUI, has seen significant growth since its presale, reaching a trading price of $1.14 from $0.10. Although trading volume has decreased, the token still maintains substantial daily transactions.

The Sui team comprises experts from Meta’s Diem/Libra project, contributing to its widespread industry support. Notable investment firms have also backed Sui, solidifying its credibility. With a market cap of $602 million, Sui aims to capture market share from Ethereum by offering enhanced security, scalability, and on-chain data storage for applications like play-to-earn games, metaverse development, and decentralized finance (DeFi).

Sui’s potential as an “Ethereum Killer” has attracted attention in the smart contract sector. Its roadmap and strong community support position the SUI token for long-term potential. Major exchanges like Binance and KuCoin have listed SUI, and upcoming listings and community investments indicate further growth prospects.

Recent developments in the Sui ecosystem

SuiNetwork has partnered with Mirror World to facilitate the seamless integration of commerce experiences, including NFT trading, within various applications. This collaboration aims to foster innovation and provide developers with expanded project possibilities.

Additionally, SuiNetwork has recently launched KeepSakeMarket, an NFT marketplace designed specifically for Web3 gaming. KeepSakeMarket prioritizes utility and discoverability, aligning with the core values of SuiNetwork’s fast, private, secure digital asset ownership. This new marketplace opens up exciting opportunities in the gaming industry, creating a platform for enhanced experiences and interactions.

SUI Name Service has been launched, offering a decentralized naming service that allows users to register a .sui name for their wallet addresses. These unique .sui names serve as convenient identifiers on the blockchain, making it easier for users to remember and share their addresses. To secure your .sui name, you can visit the SuiNS website, connect your wallet, choose a desired name, and complete the registration process by paying the necessary fee. Once registered, your .sui name enables you to send and receive assets, sign transactions, and access decentralized applications (dapps).

The Sui X KCLabs Summer Hackathon is a highly anticipated event scheduled for June 10-11, 2023, at the KCLabs Innovation Center in Kansas City, Missouri. This two-day hackathon allows students from all backgrounds and skill levels to unite and showcase their creativity by building innovative projects using cutting-edge technology.

BlockVision, a prominent player in the industry, has recently introduced its Indexing APIs on the Sui network. These APIs offer developers convenient access to comprehensive information about NFTs and coins on the Sui blockchain. BlockVision aims to facilitate the seamless integration of Sui’s data into various applications by simplifying integration and enhancing data retrieval efficiency. The provided APIs include features such as Account’s Collections, Single Collection Info, Collection Top Holders, Collection NFT List, and Coin Holders.

SUI Token Unique Features

Sui stands out from other blockchain projects due to its unique features and architecture that address common challenges faced by earlier generations of blockchains.

One of the distinguishing factors of Sui is its horizontal scaling capability. Unlike earlier blockchains that experience bottlenecks, Sui enables parallel processing of transaction groups. This approach eliminates congestion by distinguishing between various objects, resources, accounts, and components within the network.

Composability is another standout feature of Sui. Unlike most blockchains, Sui allows the direct passing of assets, such as non-fungible tokens (NFTs), as function arguments. Its object-centric approach also enables using more complex data structures and the ability to store assets within these structures or the assets themselves.

Sui’s sparse replay feature offers a practical advantage by providing a ledger of relevant transactions without the need to track unrelated interactions with decentralized applications (dApps). This optimization reduces the cost of querying on-chain data. It allows products on the Sui platform to efficiently track the evolution of objects without extensive data retrieval from the Merkle tree.

On-chain storage is another distinguishing aspect of Sui. By directly storing assets as objects on the blockchain, Sui avoids the need for Merkle tree indexing. Combined with conventional means like IPFS (InterPlanetary File System), this approach addresses the challenge of on-chain storage and enables cost-effective direct updates of assets on-chain.

In addition to these technical features, the Sui project offers a range of initiatives and support to enhance its ecosystem. The Sui Move smart contract programming language is designed to be expressive, composable, and secure, catering to developers of all skill levels. The Sui Foundation provides educational resources, grants, and programs to foster a supportive and collaborative developer community. The project actively engages with the academic and research community to advance web3 technologies. Furthermore, the strong collaboration and support within the Sui community contribute to the growth and innovation within the decentralized technology space.

SUI Token Founders

Sui, the innovative blockchain project, was initially established by a team of accomplished individuals with significant experience and expertise in the crypto industry. The founders of Sui include Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias. These individuals were former executives and lead architects at Meta’s Novi Research, where they played instrumental roles in developing the Diem blockchain and the Move programming language. Their collective knowledge and insights have been instrumental in shaping Sui into a groundbreaking platform with unique features and capabilities.

SUI Network Security and Scalability Measures

Sui ensures the security of its network through a combination of consensus algorithms and innovative technologies. Initially, at the time of launch, the default consensus algorithms used by Sui were Tusk and Narwhal. However, in August 2022, Bullshark replaced Tusk as the primary option. This change was implemented to address latency issues and to enable validators with lower processing speeds to participate actively in the project. Nevertheless, Tusk can still be utilized by updating the source code.

Regarding network security, Narwhal serves as a mempool within the Sui ecosystem. It ensures that the data submitted to the consensus mechanism remains available and accessible. On the other hand, Bullshark (or Tusk) plays a crucial role in organizing the data to be read by the consensus engine. This arrangement is part of the directed acyclic graph (DAG) mempool, one of Sui’s innovative features.

The combination of these consensus algorithms and the DAG mempool contributes to the overall security of the Sui network. Additionally, Sui’s innovative scaling solution enhances its ability to efficiently handle a high volume of transactions. The blockchain is anticipated to achieve transaction speeds exceeding 297,000 transactions per second.

SUI Tokenomics

SUI Token Allocation

The SUI tokenomics are designed to support the ecosystem and incentivize participation within the Sui network. The following details are based on the information provided in the official Sui documentation.

Token Supply and Allocation

– Total Supply: The total supply of SUI tokens is capped at 10 billion tokens.

– Initial Distribution: The initial distribution of SUI tokens includes allocations for multiple purposes, such as token sales, ecosystem development, team, advisors, and community incentives.

– Community Incentives: A significant portion of the token supply is dedicated to community incentives, fostering engagement, and rewarding active participation within the Sui ecosystem.

Token Utility

– Governance: SUI token holders can participate in the governance of the Sui network. They can propose and vote on protocol upgrades, parameter changes, and other key decisions.

– Staking and Validation: SUI tokens can be staked by network participants who wish to become validators and contribute to the security and consensus of the Sui network. Validators are rewarded with additional SUI tokens for their services.

– Network Fees: SUI tokens are the native currency for transactions and interactions within the Sui network. Users must pay network fees in SUI tokens for executing smart contracts, transferring assets, and utilizing platform features.

Token Distribution and Vesting

– Token Sale: SUI tokens may be distributed through public and private token sales to raise funds for the development and growth of the Sui ecosystem.

– Vesting Periods: Depending on the allocation, certain token holders, such as team members and advisors, may be subject to vesting periods to ensure a responsible distribution of tokens over time.

Ecosystem Development

– Ecosystem Fund: A dedicated portion of the token supply is allocated to an ecosystem fund, which is utilized to support the development of the Sui network, foster partnerships, and drive innovation within the ecosystem.

– Grants and Support: The Sui Foundation provides grants and support programs to developers, researchers, and projects that contribute to advancing and adopting the Sui ecosystem.

Please note that the specific details of SUI tokenomics, including token distribution percentages, vesting schedules, and governance mechanisms, may be subject to change. It is advisable to refer to the official Sui documentation and resources for the most up-to-date and accurate information.

Where and how to buy SUI tokens

To buy SUI tokens, you can follow these steps:

Binance: Visit the Binance cryptocurrency exchange platform and create an account. Complete the necessary verification steps as required. Once your account is set up and funded, you can search for the SUI token on the trading platform. Place a buy order for SUI using the desired trading pair, such as SUI/BTC or SUI/ETH, and specify the SUI tokens you want to purchase. Review the details and confirm the trade to acquire SUI tokens.

Bybit: If you prefer trading on Bybit, sign up for an account on the Bybit platform. Complete any required verification procedures and deposit funds into your account. Navigate to the trading section and search for the SUI trading pair. Choose the trading pair that suits your preference, such as SUI/BTC or SUI/ETH. Set the order type, enter the amount of SUI tokens you wish to buy, and review the order details. Finally, execute the trade to acquire SUI tokens on Bybit.

KuCoin: Create an account on the KuCoin exchange and complete the necessary verification process. Deposit funds into your account, ensuring you have sufficient funds to buy SUI tokens. Once your account is funded, navigate to the trading section and search for the SUI token. Choose the trading pair that suits your needs, such as SUI/BTC or SUI/ETH. Set the order type, specify the amount of SUI tokens you want to purchase, and review the order details. Confirm the trade to buy SUI tokens on KuCoin.

Conclusion

The SUI Token has shown significant growth and gained popularity in a short period of time. The Sui project has launched various initiatives, including a mainnet and a DeepBook, positioning itself as a promising project with a strong community. While our analysis suggests that SUI Coin is a potentially good long-term investment, it’s important to remember that the cryptocurrency market is highly volatile and subject to rapid changes. Proper risk management and thorough research are essential when considering any investment in cryptocurrencies.

As for the SUI Token reaching $10, our long-term prediction indicates that it could potentially reach that target by 2025 if current growth trends continue. However, it’s important to note that crypto markets are unpredictable, and sudden price fluctuations can occur. The success of the Sui project and the achievement of price targets will depend on factors such as adoption, community support, market conditions, and overall cryptocurrency trends.

While the SUI Token has attracted attention and has support from major exchanges, it’s important to exercise caution and make informed decisions. The SUI Token’s performance should be monitored closely, and investors should consider their risk tolerance and investment goals before making any decisions.