• SUI is having a significantly bullish season.

• Charles Hoskinson thinks Sui deserves the success it is currently experiencing.

• Market observers predict an SUI price rally of over 160%.

SUI, the native token of the Sui blockchain, has surged over 330% in the last two months, prompting Cardano founder Charles Hoskinson to praise the Sui team’s success. This marks SUI’s second-highest bull run, with market observers predicting it could surge another 162% to reach $4.56.

Hoskinson, in a post on X, specifically acknowledged the work of George Danezis, one of Sui’s blockchain developers. This recognition comes as SUI captures the attention of the crypto industry with its remarkable price rally.

Reading about Sui. It's good to see George's work come to life. They deserve great success in the space

— Charles Hoskinson (@IOHK_Charles) October 4, 2024

Market observers predict SUI’s price will surge another 162% from its current level to reach $4.56 soon. Using Cardano as a benchmark, they noted that if SUI reaches this predicted price, it would have a market cap on par with Cardano’s (ADA) current $12.6 billion. At the time of writing, ADA is trading for $0.35 an…

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