SUI cryptocurrency recently reached an all-time high price of $2.30, surpassing well-known altcoins, including Polkadot, and positioning itself among the top 15 cryptocurrencies. Supporters are optimistic about its future market competition.
Despite the positive performance, concerns have emerged over SUI's valuation. Analysts question whether the current market capitalization aligns with the token's fundamentals, especially due to substantial insider selling during price spikes that signal potential long-term insecurity.
SUI's Fully Diluted Valuation (FDV) of $1.2 billion appears inconsistent when compared to Solana, which has an FDV of $4.7 billion, sparking debates about possible market mispricing.
Despite valuation concerns, projections for SUI are optimistic, with a predicted 244% price increase in the next three months, attracting many investors. However, due to insider sales and valuation doubts, investors are advised to remain cautious, considering market dynamics and technical analysis.
