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SUI is about to welcome new investment opportunities!
SUI is expected to see a 20% gain in the near term, breaking through the $2.30 resistance level, but may then face a 40% correction to the $1.40 to $1.20 range. Elliott Wave Theory states that SUI is in the fifth shock wave of the low time frame, priced at $1.98, and is also in the third shock wave of the high time frame, about to usher in the fourth corrective wave.
Despite expectations of a pullback, pejman_zwin believes that SUI will eventually break through resistance again. Therefore, $1.40 becomes a good opportunity to accumulate SUI, and investors who previously sold near $2.30 may want to re-examine it.
SUI technology is known for its high scalability, transaction efficiency and security, posing a challenge to Solana's market share. Its object-centric model and native asset tokens provide superior security compared to Ethereum competitors such as MultiversX.
However, SUI token economics are radical, and a large number of tokens are about to be unlocked, mainly in the hands of private investors in early financing rounds. Finbold reports that Sui Network has unlocked more than $100 million in pledged tokens and paid out proceeds to venture capital companies. The market may usher in more large-scale unlockings in the future.
Linear inflation caused by high amounts of unlocked tokens and staking makes SUI fully diluted value (FDV) higher, which may affect its growth and dilute holder value. But this strategy has also allowed crypto institutions to benefit from the growth of SUI, and Circle, Coinbase, and Grayscale have begun to cultivate its ecosystem.
Against this background, Circle launched native USDC on the Sui blockchain to inject liquidity into the ecosystem, surprising many old cryptocurrency investors who are still waiting for the deployment of native USDC.
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