#Sui $SUI Table of Contents
Market Musing-g
Why SUI Price is Rising: Is it Preparing for a 200x Rally to Reach $10?
Rally
RLY
bullish
BULLISH
Solana
SOL
when
WHEN
Avalanche
AVAX
CoinPedia News
By CoinPedia News
Created 1 month ago, last updated 1 month ago
•
3 mins read
Why SUI Price is Rising: Is it Preparing for a 200x Rally to Reach $10?
Table of Contents
What’s Next? Has the SUI Price Triggered a Bull Run?
SUI price is making huge headlines by displaying immense strength regardless of the selling pressure mounted over the crypto markets. After a brief pullback, the token has begun to revamp a strong recovery, which could push the prices above the major resistance. Once this move is materialised, the SUI price is speculated to form a new ATH, probably above $5 in the next few weeks. But wait, there's some twist before the 200x rally.
SUI has been leading the markets for the past few days and has been one of the strongest cryptos. With over 250% jump since the August bottom, here are some of the reasons that could have driven the bullish sentiments.
People are comparing the SUI price rally to that of Solana and are expecting a similar breakout, which has attracted huge attention and liquidity
It became one of the biggest chains with over a billion TVL locked, surpassing Avalanche and Polygon, with the daily average transaction volume consistently ranking within the top 5
After the Mysticeti rollout, it has become the fastest chain, with a transaction speed of less than half a second
SUI platform has been focusing mainly on gaming while others are launching hardware or mobile, indicating their dedication to building a strong gaming ecosystem
The team is rolling out Walrus, a decentralised storage to compete with Filecoin, which is set to be launched in Q1 2025 along with its native token $WAL
What’s Next? Has the SUI Price Triggered a Bull Run?
SUI price has been maintaining a steep ascending trend ever since the start of September when the markets faced a huge pullback in the beginning. The bears appear to have held the resistance zone