Solana

Coin

<div class="dailyhodl">
 <p>The host of the Coin Bureau channel, Guy Turner, is offering his price projections for Solana (SOL) competitor Sui (SUI).</p>
 <p>Turner tells the 2.48 million subscribers of the Coin Bureau YouTube channel that Sui possesses “serious potential” over the long term.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>On the reasons for his bullish thesis, the Coin Bureau host says,</p>
 <p><i>“[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.”</i></p>
 <p>Sui is trading at $1.03 at time of writing, down by around 53% from the all-time high price of $2.17 reached in late March.</p>
 <p>According to Turner, various metrics on Sui such as the total value locked (TVL) and the number of on-chain transactions suggest a short-term bearish future for the Solana rival.</p>
 <p><i>“What is clear is that many of these on-chain metrics suggest demand is not trending in the right direction and this spells trouble for Sui’s price. In Sui’s defense, the same trends can be seen with almost every other crypto. </i></p>
 <p><i>As I mentioned a few moments ago, altcoin interest isn’t very high at the moment. This means that in the short term, Sui’s price is likely to continue trending lower, along with its demand-side metrics, even if the supply-side pressures ease.”</i></p>
 <div class="video-container"><iframe title="YouTube video player" src="https://www.youtube.com/embed/EfNlejjM1Cc?si=9_sUmwYtbWOfi9HG" width="560" height="315" frameborder="0" allowfullscreen></iframe>
 </div>
 <p>&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-killer-sui-has-serious-long-term-potential-says-coin-bureau-host-guy-turner-but-there-s-a-catch-tbt90837.html">https://thebittimes.com/solana-killer-sui-has-serious-long-term-potential-says-coin-bureau-host-guy-turner-but-there-s-a-catch-tbt90837.html</a></p>

Solana Killer Sui Has Serious Long-Term Potential, Says Coin Bureau Host Guy Turner – But There’s a Catch

TheBitTimes

Other articles published on Jun 1, 2024

MoonBag Meme Coins Fires Past Dogeverse and Hedera with 15,000% ROI Projection, Enters Stage 4 at...

May Crypto Hack Report: $347 Million Wiped Out from Markets!

Ethereum NFT market faces slump: Any impact on ETH?

Is Solana headed for a drop? Key support at $159 may give way

Dogecoin Sentiment Turns Bearish Again – Here’s What Happened The Last Time

Spot Ethereum ETF 'fee war' begins as Franklin Templeton discloses fees

Join our free newsletter for daily crypto updates!