Sui, the Layer-1 blockchain network, is currently in the spotlight as its token, SUI, experiences a significant price surge. Recently, SUI hit a fresh all-time high, surpassing $5, marking a 20% increase. This upward trend has been accompanied by a massive increase in daily trading volumes, which have jumped by 180%, reaching $2.3 billion.
This surge in activity and value highlights a strong bullish sentiment in the market. Analysts believe that if the current momentum continues, SUI could potentially reach $10 or more by 2025. This optimistic projection is based on the current trading trends and market data.
