You would never imagine that $SUI has the potential to rise to $5!
As a first-tier public chain, SUI has performed well recently, especially on the increase list, which has attracted widespread attention. Although many people are not impressed by SUI, and some investors even have reservations about it, the main reason may be that SUI's issuance is relatively large, reaching 10 billion. This number does make some people worried about its future price performance. After all, the larger the supply, the theoretically lower scarcity of tokens in circulation, which may affect the price growth potential.
However, SUI has recently attracted the attention of well-known institution Grayscale, and this news has had a significant boost to market sentiment. As a well-respected large-scale investment institution in the cryptocurrency industry, any of Grayscale’s actions will arouse great attention and interpretation from the market. Grayscale's "call for orders" effect is obvious - after Grayscale's statement, the price of SUI rose rapidly, and its short-term performance was quite impressive.
From a long-term perspective, the current price of SUI may be undervalued. Although the total issuance of 10 billion seems large, the actual circulation of tokens, future deflation mechanisms, expansion of application scenarios, and construction of ecosystems are all key factors that affect the price. Coupled with the support from institutions such as Grayscale, the market's confidence in SUI has been further improved, and we continue to see it doubling!