Solana
Solana Killer Sui has serious long-term potential, says Coin Bureau host Guy Turner – but there’s a catch
The host of the Coin Bureau channel, Guy Turner, offers his price projections for Solana (GROUND) competitor Sui (ISU).
Turner tell According to the 2.48 million subscribers of the YouTube channel Coin Bureau, Sui has “serious potential” in the long term.
On the reasons for his bullish thesis, the host of Coin Bureau declares:
“[Sui] meets the criteria for a crypto that retail could emulate. Its price is low, which gives the illusion of significant gains. Its market cap is lower than most large-cap cryptocurrencies, meaning it takes less money to move its price. And it is accessible because it is listed on all major exchanges.
Sui is trading at $1.03 at the time of writing, down about 53% from the all-time high price of $2.17 reached in late March.
According to Turner, various metrics on Sui such as total value locked (TVL) and number of on-chain transactions suggest a short-term bearish future for Solana’s rival.
“What is clear is that many of these on-chain metrics suggest that demand is not moving in the right direction, which is problematic for Sui’s price. In Sui’s defense, the same trends can be seen with almost every other cryptocurrency.
As I mentioned a moment ago, interest in altcoins is not very high at the moment. This means that in the short term, Sui’s price is likely to continue to fall, as are its demand-side parameters, even as supply-side pressures ease.
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