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

Source Cryptopolitan

Key takeaways:

  • Our SUI price prediction indicates a high of $1.30 by the end of 2024.
  • In 2025, SUI will range between $1.76 and $2.17, with an average price of $1.81.
  • In 2030, it will range between $12.08 and $14.66, with an average price of $12.42.

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$1.67
Market cap$4.47 billion
Trading volume$834.01 million
Circulating supply2,679,963,750
All-time high$2.18 on Mar 27, 2024
All-time low$0.3643 on Oct 19, 2023
24-hour high$1.68
24-hour low$1.50

SUI price prediction: Technical analysis

MetricValue
Volatility (30-day variation)22.98%
50-day SMA$0.9482
200-day SMA$1.1260
SentimentBullish
Fear and Greed Index54 (Neutral)
Green days17/30

SUI price analysis

SUI has emerged as one of the top-performing altcoins, posting an impressive 120% surge since early September. 

This bullish trend has captured the attention of investors and analysts. Data from DefiLlama reveals that SUI’s Total Value Locked (TVL) is approaching the $1 billion mark.

The rising TVL has fueled speculation that SUI could be on the brink of reaching a new ATH, with many pointing to its growing ecosystem as a key factor driving its momentum.

SUI has recently surged in value, thanks partly to the coming FED cut rates and the launch of its AUSD stablecoin. The stablecoin, launched in partnership with Nonstop Finance, enhanced the Sui DeFi ecosystem by strengthening the liquidity within the SUI ecosystem.

Earlier last month, SUI’s Total Value Locked (TVL) was at $341 million; it has now surged to $937 million. 

Sui TVL. Source: DefiLlama

SUI 1-day chart analysis

SUI/USD 1-day chart

SUI formed an inverted head-and-shoulder pattern on the charts, resulting in a major breakout that took SUI past the $1 resistance. The bullish outlook is further supported by the MACD, which has registered consistent positive momentum over the last week. The MACD line has crossed above zero, signaling a bullish market sentiment, with the relative strength index (RSI) crossing to overbought territory.

SUI technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 31.3003BUY
SMA 51.3656BUY
SMA 101.2879BUY
SMA 211.0702BUY
SMA 500.9482BUY
SMA 1000.8676BUY
SMA 2001.1260BUY

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 31.1010BUY
EMA 51.0221BUY
EMA 100.9452BUY
EMA 210.8772BUY
EMA 500.8447BUY
EMA 1000.9078BUY
EMA 2000.9842BUY

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 has recorded sixteen bullish days in the last thirty. The Fear & Greed Index shows fear among investors. Per the analysis, SUI is bullish and is ripe for a reversal.

Why is SUI down?

The SUI drop coincided with the crypto market cap falling below the $2 trillion mark, now at $2.4 trillion. Therefore, the drop could be explained by the bearish market sentiment.

Will SUI recover?

SUI is trading at its lowest range this year. At current levels, it is ripe for reversal, 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 this year.

Will SUI reach $10?

Per the Cryptopolitan price prediction, SUI will reach $10 in 2030 with an average of $12.42 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

Sui Network’s SuiPlay has announced the pre-order launch of its SuiPlay0X1, a Web3-native handheld gaming device. The product will be available in the first half of 2025.

Sui price prediction September 2024

The SUI price forecast for September is a maximum of $0.85 and a minimum of $0.58. The average price for the month will be $0.60.

MonthPotential low ($)Potential average ($)Potential high ($)
September0.730.780.85

Sui price prediction 2024

For the second half of 2024, SUI’s price will range between $0.73 and $1.30. The average price for the year will be $0.86.

YearPotential low ($)Potential average ($)Potential high ($)
20240.730.861.30

Sui price prediction 2025 – 2030

YearPotential low ($)Potential average ($)Potential high ($)
20251.761.812.17
20262.672.763.13
20273.944.054.55
20285.668.636.89
20298.348.639.76
203012.0812.4214.66

Sui price prediction 2025

The SUI crypto price forecast for 2025 is a high of $2.17. It will reach a minimum price of $1.76 and an average price of $1.81.

Sui price prediction 2026

The SUI’s price prediction estimates it will range between $2.67 and $3.13, with an average price of $2.76.

Sui price prediction 2027

SUI coin price prediction estimates it will range between $3.94 and $4.55, 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 $5.66 and $6.89, with an average price of $5.83

Sui price prediction 2029

According to the SUI coin price prediction for 2029, the price of SUI will range from $8.34 to $9.76, with an average price of $8.63.

Sui price prediction 2030

According to the 2030 SUI price prediction, the price will range between $12.08 and $14.66, with an average price of $12.42.

Sui price prediction 2024-2030

Sui market price prediction: Analysts Sui price forecast

Firm202420252026
Digitalcoinprice$1.70$2.00$2.84
Gate.io$0.8166$0.8492$0.8917
Changelly$2.61$4.77$2.67

Cryptoplitan’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 $1.76 and $2.17, with an average of $1.81. In 2030, it will range between $12.08 and $14.66, with an average of $12.42. Note the predictions are not investment advice. Seek independent consultation or do your own research.

Sui historic price sentiment

Sui price history: CoinStats

  • 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. In August, it traded at $0.57.
  • It later rose  and broke above $8 in September.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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