#SUI Network is predicted to kill Solana’s Layer 1 dominance after upgrading its transaction speed to 100K TPS.
SUI vs SOL chart comparison
SUI’s price action chart resembles Solana’s early days in the crypto markets space.
Solana [SOL] price initially dropped by 80% before skyrocketing by 2500%, a similar pattern has occurred on SUI but the target is overly achievable by the new blockchain entrant.
Why SUI is the “Solana Killer”
SUI is being called the “Solana Killer” as it aims to rival Solana by launching the Mysticeti upgrade, which will increase its transaction speed to 100,000 TPS as market analyst Zoomer Oracle noted.

This positions SUI as a strong competitor for the largest Layer 1 blockchain, especially in the memecoin space.
$SUI
Despite its potential, the market has not fully recognized this development. SUI’s approach mirrors Solana’s previous success, making it a significant contender to challenge Solana’s dominance, particularly after the market reset.
SUI’s price surged after Grayscale launched a new fund focused on it as X market analyst Lucky cited.
Major institutions are investing in SuiNetwork, drawn by its advanced technology and practical uses.
Currently, SUI has doubled in value since its low on August 5th and is up 30% from the long-term average entry point.
This suggests that SUI could overturn SOL’s dominance following a similar upward trajectory, making it a promising investment.
With a market cap of $2 billion and listings on over 170 exchanges, SUI has firmly established its market presence.
However, its current price reflects a significant drop of about 60% from its all-time high of $2.17. Grayscale’s involvement highlights SUI’s growing influence in the industry suggesting SUI could be the Layer 1 asset to challenge Solana dominance

#SUI price analysis
As of writing, SUI is trading near $0.86 and has experienced a significant 32% price surge in the last 24 hours. Additionally, SUI’s trading volume has also skyrocketed by 73% during the same period. This notable increase in trading volume suggests higher participation from investors in the last 24 hours.
$SUI
#SUI open interest soars to 92%
Additionally, SUI’s open interest has also exploded. According to an on-chain analytic firm CoinGlass, its open interest has surged by 92% in the last 24 hours. Whereas, 12% in the last hour. This remarkable surge in open interest indicates growing interest from both investors and whales amid the market volatility.However, the potential reason behind SUI’s tremendous performance is the bullish sentiment and the asset manager giant Grayscale’s announcement on X (previously Twitter) on August 8, 2024. In a post on X, Grayscale shared that they have added SUI to their investment product under the name of “Grayscale SUI Trust”. The post also noted,
“Sui is redefining the smart contract blockchain.”
SUI price prediction
According to the expert technical analysis, SUI is looking super bullish and could soar 60% to the $1.4 level in the coming days. Currently, it is facing strong resistance near the $0.88 level on a daily time frame.
If SUI gives a daily candle closing above the $0.88 level, it could easily achieve the target in the coming days. However, investors’ and traders’ sentiments are in favor of an upside move. If the bullish market sentiment persists throughout the year, we could see SUI at the $2 level before 2024 ends.
As of now, the overall cryptocurrency market is up by 8.4%. Whereas, top assets including BTC, ETH, and BNB have experienced a price surge of over 6%, 7.5%, and 45%, respectively, in the last 24 hours.

#SUI has been making headlines with its recent price movements, sparking excitement among investors and traders. The big question on everyone's mind is whether SUI can break its previous records and reach a new all-time high. In this article, we'll explore the key factors driving SUI price prediction and what to watch out for in the coming days.
$SUI
Sui Crypto reached its all-time high of $2.18 on March 27, 2024, while its all-time low was $0.363977, recorded on October 19, 2023. Since reaching its all-time high, the lowest price SUI has seen is $0.463463, and the highest price since then is $0.8779 today. Currently, the market sentiment for Sui Crypto is bullish, and the Fear & Greed Index is at 48, indicating a neutral outlook.
Sui Crypto has a circulating supply of 2.34 billion SUI out of a maximum supply of 10 billion SUI. Over the past year, the supply has increased by 257.38%, with 1.68 billion SUI being created.
SUI's recent performance has sparked speculation about whether it can reach a new all-time high. Over the past year, SUI's price has increased by 42%, and it is currently trading above the 200-day simple moving average—a strong technical indicator of bullish momentum.
Additionally, SUI is trading near its cycle high, suggesting that it has regained much of the value lost since its peak. However, it is still down 61% from its all-time high, highlighting the significant recovery needed to set a new record.
Despite these positive indicators, SUI faces several challenges. It has been outperformed by 52% of the top 100 crypto assets over the past year and by major players like Bitcoin and Ethereum.
The token has only seen 11 green days in the last 30 days, indicating volatility and potential resistance in maintaining upward momentum. Furthermore, with less than 23% of its total supply in circulation and a high yearly inflation rate of 257.38%, there is potential for downward pressure on the price as more tokens enter the market.
However, SUI's high liquidity, strong market cap, and positive performance relative to its token sale price suggest that it remains a solid contender in the crypto space. The backing from Grayscale and the technical strength it currently exhibits could drive further gains.
While reaching a new all-time high will require sustained positive sentiment and broader market support, SUI's current trajectory shows it is well-positioned to challenge previous highs, particularly if it continues to attract institutional interest and maintain its technical strength.

Average bitcoin $BTC price 2020-2024 halving cycle was 34k.
A bit below 2019 S2F prediction of 55k, but still in normal range and not bad given #BTC<4k when prediction was made.
S2F refit with new data since 2019 shows similar parameters & results: ave 0.5m 2024-2028 and 4m 2028-2032

When bull and bear markets occur: bull around halvings (from ~6 month before until ~18 months after H) and bear between H. This is what S2F adds on top of NgU of time based models (like "power law").
$BTC

#FXS
$FXS
In the rapidly evolving world of cryptocurrency, certain tokens are drawing significant attention due to their unique attributes and growth potential. One such token is the Frax Share (FXS), which has generated considerable interest among investors and analysts. With its strong project fundamentals and a capped supply of 100 million tokens, FXS has the potential to reach a price point of $5,000. Here’s a deeper look into why this might be the case.
Project Fundamentals
Frax Share (FXS) is part of the Frax protocol, a pioneering project in the decentralized finance (DeFi) space. Frax is notable for its innovative approach to stablecoins, combining both algorithmic and collateral-backed mechanisms to maintain price stability. The protocol aims to provide a scalable and decentralized stablecoin solution, which has gained substantial traction within the DeFi community.
The core value proposition of the Frax protocol is its ability to dynamically adjust the collateral ratio, allowing for greater flexibility and stability compared to traditional stablecoins. This feature has positioned Frax as a promising player in the DeFi ecosystem, which can drive demand for FXS, the governance and value accrual token of the Frax protocol.
Limited Supply
One of the most compelling factors driving the potential price of FXS to $5,000 is its limited supply. The total supply of FXS tokens is capped at 100 million, a relatively small figure compared to many other cryptocurrencies. This scarcity can create upward pressure on the token’s price, especially as demand increases.
The limited supply of FXS, combined with its role in the Frax ecosystem, creates a supply-demand dynamic that could drive significant appreciation. As the Frax protocol continues to expand and gain adoption, the demand for FXS tokens is likely to increase. Given the capped supply, this increased demand could push the token’s price towards the $5,000 mark.
Market Sentiment and Growth
Market sentiment plays a crucial role in the valuation of cryptocurrencies. Positive developments within the Frax protocol, such as partnerships, technological advancements, and increased adoption, can enhance investor confidence and drive FXS’s price higher. Additionally, as the DeFi space grows and evolves, tokens like FXS that offer innovative solutions and solid fundamentals are well-positioned to benefit from the sector's expansion.
Conclusion
The Frax Share (FXS) token presents a compelling case for potential significant appreciation. With its innovative approach within the DeFi space and a capped supply of 100 million tokens, FXS has the attributes necessary to reach a price point of $5,000. As with any investment, potential investors should conduct thorough research and consider market conditions before making investment decisions. However, the combination of the Frax protocol’s growth and the token’s limited supply makes FXS a noteworthy candidate for substantial price gains in the future.

This article outlines why the FXS token could potentially reach $5,000 based on its project fundamentals and limited supply.