SUI Coin: Latest Price Prediction, Can It Reach $5?

Bittime - Sui (SUI) has experienced very significant growth, making it one of the most talked about coins on the market. So, what is the latest SUI Coin price prediction? Read the full review.

Along with its partnerships with large companies like Google, SUI continues to show potential as a major player in the Web3 and Layer-1 blockchain ecosystem. 

However, many are wondering: could the price of SUI Coin reach $5 (around IDR 79,000) by the end of 2024? The following is the SUI Coin price prediction for the next few years.

SUI Coin Price Prediction, Will It Pass the $5 Level?

Since its launch, SUI Coin has performed impressively, with its price currently hovering around $4.18 (around Rp. 66,000). With an increase of more than 461% throughout 2024, SUI Coin is increasingly being attracted by investors and developers. 

As the Sui ecosystem continues to grow rapidly, there are many hopes that this token can continue to grow, even reaching the level of $5 (around IDR 79,000) or more by the end of the year.

According to predictions, there is a big possibility that the price of SUI Coin can break through the $5 mark (around Rp. 79,000) in 2024. However, high volatility in the crypto market remains a factor that must be considered. 

As seen in previous price increases, SUI could also experience a temporary correction before continuing its journey towards higher levels.

Read also: These are the 5 Best Meme Coins on the SUI Network!

SUI Coin Prediction 2024

By the end of 2024, some analysts project that the price of SUI Coin could reach $5.51 (around Rp. 87,000) as a peak. 

This prediction is based on the growing potential for Sui adoption in the space DeFi (Decentralized Finance) and more and more partnerships. 

However, due to the highly volatile nature of the crypto market, SUI prices are also at risk of dropping to low levels of around $2 (around IDR 31,600). 

On average, the price of SUI at the end of the year is predicted to be around $3.75 (around Rp. 59,300).

It is important to note that the price reflects a combination of positive market sentiment towards scalable blockchains and growing adoption rates.

SUI Coin Price Prediction 2025

Looking ahead to 2025, the price of SUI Coin is predicted to experience another significant increase, with the possibility of reaching an all-time high price (ATH) of $7.01 (around IDR 110,500). 

This comes alongside wider adoption of Sui blockchain technology, which is known for its ability to provide efficient scalability solutions. As more decentralized applications (dApps) use the network, SUI Coin could attract more investors and strengthen its price fundamentals.

However, the average price for 2025 is expected to be around $5.42 (around Rp. 85,900), with a possible low of around $3.84 (around Rp. 60,800). 

SUI's rapid growth in 2025 will depend on the continuation of positive trends in the overall crypto market and further acceptance of the blockchain solutions provided by Sui.

Read also: Top 5 Coins on the SUI Network that Have the Potential to Make Money

SUI Coin Price Prediction 2026-2030

Looking ahead to 2030, SUI Coin price projections are increasingly optimistic. By 2026, SUI prices are expected to reach between $5.16 (around Rp. 81,600) to $9.26 (around Rp. 146,500), with an average price of around $7.21 (around Rp. 113,700). 

This price increase is influenced by the continued growth of adoption of Sui blockchain technology which is increasingly important in the world of decentralized applications (dApps) and decentralized finance (DeFi).

In 2027, SUI prices could soar even higher, with the highest projected price reaching $11.94 (around IDR 188,500), while the average price is predicted to be around $9.16 (around IDR 145,300). 

Increasing demand for more scalable and efficient blockchains, such as Sui, is expected to trigger an even bigger price spike.

In 2028, the SUI price prediction shows significant upside potential, with the highest price expected to reach $15.38 (around IDR 243,400). 

In 2029, SUI could range between $9.47 (around IDR 149,300) to $19.69 (around IDR 311,600), with an average price of around $14.58 (around IDR 230,100).

Finally, in 2030, SUI prices are expected to reach even higher figures, with a potential peak price of $23.77 (around IDR 375,300). 

Although the crypto market remains full of uncertainty, with innovaion continuing to develop, SUI Coin has the potential to be one of the tokens that offers long-term growth.

Current SUI Coin Price Movement

Sumber: Coinmarketcap

Currently, the SUI Coin price is trading at around IDR 66,000 (approximately $4.18) per token. With daily trading volume reaching around IDR 18 trillion (around $1.14 billion), SUI Coin is currently ranked 17th in global market capitalization. 

However, SUI price has decreased by 4.55% in the last 24 hours. For investors, the current SUI price movement provides an opportunity to buy at a relatively more affordable price, although the risks must still be taken into account.

Read also: List of Top Meme Coins on Sui Network Based on Number of Holders!

Conclusion

Overall, SUI Coin shows great potential for growth in the next few years. With the ever-increasing adoption of blockchain technology and strategic partnerships with large companies, such as Google, SUI has all the elements to continue its growth. 

The price prediction for SUI Coin shows it is likely to reach $5 (around IDR 79,000) by the end of 2024 and even surpass that figure in the following years. For investors, even though the crypto market remains volatile, SUI Coin remains an attractive option to look at in the long term.

FAQ About Sui

What is Sui?

SUI is a layer-1 blockchain designed by Mysten Labs to support smart contracts with high speed, scalability and security.

What coin is Sui?

SUI Coin is a digital asset that is increasingly being looked at by crypto market players.

What layer is Sui on?

SUI is a layer 1 blockchain with a proof-of-stake blockchain system, which allows developers and service providers to create Web3 services.

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Reference 

coinmarketcap, SUI price chart, accessed December 9, 2024.

The Currency Analytics, Sui Price Prediction 2024-2030: Will SUI Reach $5 by December, accessed December 9, 2024.

Author: Y