Guy Turner (host of Coin Bureau) offers his Solana Price Predictions.SOL) competitor Sui (SUI).
Turner tells Sui has 2.48 millions subscribers on the Coin Bureau YouTube Channel. “serious potential” Over the long-term.
The host of Coin Bureau explains his bullish view.
“[Sui] meets the criteria of a crypto that retail could ape into. It has a low price tag, which gives the illusion of large gains. It has a lower market cap than most large-cap cryptos, which means that it takes less money to move its price. And it’s accessible as it’s listed on all major exchanges.”
Sui’s price is $1.03 as of this writing. This represents a 53% drop from its high of $2.17, reached late in March.
Turner claims that various metrics for Sui, such as total value locked (TVL), and number of transactions on the chain suggest a bearish short-term future for Solana’s rival.
It is evident that the demand for Sui isn’t trending upwards. This is bad news for its price. Sui can defend itself by pointing out that the same trend is seen in almost all other cryptos.
I’ve mentioned it a couple of moments ago: altcoins aren’t gaining much interest at this time. Sui’s value is expected to fall in the near future, as will its metrics and demand, regardless of whether the pressures on the supply side ease.
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