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, is providing his worth projections for Solana (SOL) competitor Sui (SUI).
Turner tells the two.48 million subscribers of the Coin Bureau YouTube channel that Sui possesses “serious potential” over the long run.
On the explanations for his bullish thesis, the Coin Bureau host says,
“[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 is buying and selling at $1.03 at time of writing, down by round 53% from the all-time excessive worth of $2.17 reached in late March.
In accordance with Turner, numerous metrics on Sui resembling the entire worth locked (TVL) and the variety of on-chain transactions counsel a short-term bearish future for the Solana rival.
“What is evident is that many of those on-chain metrics counsel demand shouldn’t be trending in the fitting course and this spells hassle for Sui’s worth. In Sui’s protection, the identical traits might be seen with virtually each different crypto.
As I discussed a few moments in the past, altcoin curiosity isn’t very excessive in the intervening time. Which means that within the brief time period, Sui’s worth is prone to proceed trending decrease, together with its demand-side metrics, even when the supply-side pressures ease.”
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