SUI has shown impressive performance, increasing over 100% in the past month, with a recent 7-day gain of 11.8%. Despite a 4.3% drop in the past 24 hours, its price remains promising at $1.99, given that it nearly reached an all-time high of $2.17.
Crypto analyst CryptoBullet advises against selling, suggesting that the repeated testing of the $2 level could lead to a bullish breakout. SUI's on-chain metrics, such as a transaction rate exceeding 1,000 TPS, signal significant growth potential.
Another analyst, Easy, draws parallels between SUI and Solana's 2021 rise. SUI's strong metrics, including TVL and trading volume, signal potential for a major bull run. The rise of memecoins on the network further fuels optimism.
Investors are advised to consider SUI as a long-term investment opportunity. With metrics indicating solid growth, the current price may offer a valuable entry point for those aiming for substantial future returns.
