SUI Price Predictions!! Latest Updates & Full Analysis!
Published: 2024-08-20
Status:
Available
|
Analyzed
Published: 2024-08-20
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Sui price prediction: potentially reaching $2 in the short term, with targets of $3-$4, representing a 3-4x gain from current price or 6-8x from recent lows.
"in the short term sui could reclaim its spring highs of around $2 if it manages to break Above This High then the next Target would be somewhere around $3 uh possibly as high as $4 and this would work out to around a 3 to 4X from sui's current price and a 6 to 8X from its lows"
Pending
Sui price prediction: a 10-20x gain from current price, leading to a market cap of $35-$70 billion in the long term.
"in the longer term sui could pull a 10 to 20x from its current price and this would give it a market cap of around $35 billion or around 70 billion respectively"
Pending
Sui market cap prediction: potential for a 20x increase, mirroring Solana's previous cycle.
"logically this means that should suie follow suit it could be as much as a 20x in market cap from here"
Pending
Sui market cap prediction: a 10x gain from current price, reaching $35 billion, assuming it shares market cap gains with Aptos.
"and this would bring sui's share to around $35 billion which would be about a 10x from here"
Pending
Sui price prediction: a 20x gain is considered more likely.
"from our perspective something closer to a 20x is more likely"
Pending
Anticipation of other altcoin ETFs being approved if Solana gets a spot ETF early next year.
"and this would lay the ground work for other altcoin ETFs to essentially speedrun the application process"
Pending
Sui is expected to announce increased native stablecoin support in September.
"and that one of these announcements will involve more native stable coin support"
Pending
Sui Name Service (Sui NS) will launch its own token and spin out from Myst Labs.
"Sui NS actually tweaked its protocol earlier this year to make it possible to use the standard at handle and of course decentralizing means that Su NS will be launching its own token and spinning out from Mist la"
Pending
The Sui NS token is predicted to become a 'blue chip' on the Sui network.
"Sui NS NS token could become one of the blue chips on sui"
Pending
Sui's development focus is on gaming and DeFi, with commerce as a secondary focus.
"in July interview he revealed that sui is focused on gaming and Defi and to a lesser extent Commerce"
Pending
Sui plans to release a handheld gaming device in 2025.
"sui is developing its own Hardware specifically a handheld gaming device that's scheduled to be released sometime in 2025"
Pending
Sui plans to launch light clients by the end of the year, enabling mobile phones to contribute to blockchain security.
"Adi also revealed that they plan on rolling out light clients sometime towards the end of the year and this will make it possible for mobile phones to help secure the sui blockchain"
Pending
Focus will be on optimizing Sui following the Misty City consensus mechanism update.
"between now and then though the focus will be on optimizing sui following the implementation of Misty city"
Pending
Major Sui announcements are expected at the Korea Blockchain Summit in the first week of September.
"Adan hinted that most of these announcements will happen at the Korea blockchain Summit in the first week of September"
Pending
Sui Name Service (Sui NS) is decentralizing and will allow human-readable wallet addresses.
"Sui NS would be decentralizing to bring you up to speed sui NS is a protocol that makes it possible to have human readable wallet addresses like for example Nick dotsui"
Pending
Miston Labs launched Walrus, a decentralized storage protocol, as part of Sui's goal to decentralize the internet.
"Miston Labs announced walrus a decentralized storage and data availability protocol for context sui's endgame is to decentralize the entire internet"
Pending
Copper will offer custody and staking services for Sui, targeting institutional investors and high-net-worth individuals.
"in June sui announced that the crypto custodian named copper would offer custody and staking for its clients for reference copper works almost exclusively with institutional investors and high net worth individuals"
Pending
Sui's native bridge has recently launched.
"in July sui provided updates about the development of its own native Bridge which seems to have recently launched"
Pending
AWS now supports Sui's blockchain, allowing developers to deploy full nodes on AWS.
"Amazon web services or AWS has added support for its blockchain and this would make it possible for Builders to deploy full nodes on its Cloud"
Pending
Americans can now invest in Sui through their Individual Retirement Accounts (IRAs) via a firm called Etz.
"a Californian firm called etz had somehow made it possible for Americans to invest in sui via their individual retirement accounts or IRAs"
Pending
The new Misty City consensus mechanism on Sui's mainnet reduces transaction finality to milliseconds, potentially making it the fastest blockchain.
"the launch of a new consensus mechanism on sui's Main net called Misty setti in short misy setti reduces transaction finality to milliseconds theoretically making suie the fastest blockchain"
Pending
Total Value Locked (TVL) on Sui's DeFi protocols saw a significant spike, primarily driven by lending and borrowing protocols.
"the total value locked on sui's defi protocols spiked even more than its price and what's fascinating is that most of this tvl Spike came from lending and borrowing protocols"
Pending
The recent rally in Sui's price appears to be largely driven by DeFi borrowing, as indicated by a spike in stablecoin TVL.
"defi llama reveals a massive spike in stablecoin tvl on sui in other words yes it looks like most of sui's recent rally was driven by defi borrowing"
Pending
Sui's circulating supply increased by approximately 250 million tokens since late May.
"on the supply side it has grown by roughly 250 million since late May"
Pending
Daily transactions and active wallets on Sui have plateaued, suggesting potential for future growth.
"the number of daily transactions and daily active wallets has flatlined according to suis scan and this is good because it means that there's only one way that this metric can go and that's up"
Pending
A recent spike in new accounts on the Sui blockchain is attributed to retail investors participating in the rally.
"it looks like there was a small spike in new accounts on the SOI blockchain and this is probably a consequence of retail investors aping into the recent rally"
Pending
Sui will lower the staking requirement to become a validator from 30 million SUI to 1 million SUI.
"the staking requirements to become a validator right now around 30 million SOI is required to become a validator that's almost $30 million US and this will be lowered to 1 million SOI"
Pending
Sui Name Service (Sui NS) is undergoing decentralization.
"Miston Labs announced that Su NS would be decentralizing to bring you up to speed"
Pending
The Sui Foundation is reportedly under investigation by South Korean authorities for alleged supply manipulation.
"the sui Foundation was reportedly being investigated by South Korean authorities over allegations of Supply manipulation"
Pending
The number of Sui full nodes has decreased significantly, possibly due to the blockchain's growing size.
"the number of full nodes had fallen by four times presumably due to the growing size of sui's blockchain"
Pending
Sui's recent price surge is primarily attributed to large holders (whales) engaging with its DeFi protocols.
"most of the recent price action appears to have come from SOI Wales playing around in its defi protocols"
Pending
Sui is lowering validator staking requirements.
"Sui is reading the room in that same interview Adan revealed that sui will soon be lowering the staking requirements to become a validator"
Pending
Sui is reportedly working on quantum-resistant technology, as implied by a co-founder's presentation on zero-knowledge proofs.
"back in May sui co-founder Costas hus did a technical presentation about zero knowledge proofs wherein he seemed to have implied that they were working on Quantum resistant Tech"
Pending