$SUI , as a much-watched altcoin, is expected to have the potential to hit a new all-time high during October 2024. As of the time of writing, Sui (SUI) is trading at $2 and has seen a remarkable rise of 94.95% in the past 30 days.

This stellar performance is likely closely related to the asset manager’s recent launch of the Grayscale SUI Trust, which attracted more market attention and liquidity to the SUI token. Demand for the SUI token continues to grow, and some market observers even believe it has the potential to replicate the success of Solana (SOL) this cycle.