Sui Network (SUI) has gained attention as one of the fastest-growing cryptocurrencies. Grayscale has announced the Grayscale SUI Trust, and Circle has deployed its stablecoin USDC on the Sui Network. A cryptocurrency trader predicts a 20% surge followed by a 40% correction in SUI's price. Despite the correction, the trader believes SUI will surpass resistance and recommends accumulating SUI at $1.40. SUI offers high scalability, transaction efficiency, and security, challenging Solana's market share. However, SUI's aggressive tokenomics and upcoming unlocks may impact its growth. Circle and Grayscale have shown interest in SUI, and Circle has provided native USDC on the Sui blockchain. Grayscale has also launched the Grayscale Sui Trust. Investors should be cautious due to the expected volatility and consider entry and exit points carefully.
- Content Editor ( finbold.com )
- 2024-10-09
Sui price prediction amid Grayscale and Circle announcements