One of the recent unexpected headliners is SUI. Until a few months ago, SUI had one of the worst performances, but now, due to positive fundamental and technical developments, it is on the verge of a powerful uptrend. Market data shows that SUI’s price has increased by 11.5% in the past seven days, indicating a significant change in trend. A key factor in SUI’s recent growth is the entry of over $60 million of stablecoins into the SUI network in just 24 hours, surpassing even Solana and Ethereum. This increase in liquidity could signal more user and developer participation. Technically, analysts like Raoul Pal point to a descending wedge pattern indicating a possible price breakout. If this structure is maintained, SUI’s price could first reach $3.3 and then potentially rise to $4.8. The most surprising prediction comes from VanEck, a major asset management company, believing SUI could grow up to $10 by the end of 2025, meaning a growth of over 350% from the current price. This prediction followed after CoinShares launched the first exchange-traded fund (ETF) based on SUI, potentially opening the door for institutional capital into this ecosystem, a consistent driver of sustainable growth in the cryptocurrency market. In conclusion, SUI is no longer a silent project on the market sidelines. With strengthening technical indicators, attracting new capital, and the possibility of launching an ETF, SUI is now considered one of the most serious candidates for a bullish rally among altcoins.
