{"id":648333,"date":"2024-10-17T01:00:49","date_gmt":"2024-10-17T01:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=648333"},"modified":"2024-10-16T13:41:26","modified_gmt":"2024-10-16T13:41:26","slug":"sui-price-hits-all-time-high-but-experts-sound-the-alarm-on-upcoming-collapse","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sui-price-hits-all-time-high-but-experts-sound-the-alarm-on-upcoming-collapse\/","title":{"rendered":"SUI Price Hits All-Time High – But Questions About Valuation Remain"},"content":{"rendered":"

SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies. Among those who support SUI, this achievement has inspired hope since they believe it will become a major competitor in the market.<\/p>\n

Related Reading: As Bitcoin Tops $66K, Fear & Greed Index Moves To Neutral\u2014What\u2019s Next?<\/a><\/div>\n

DeFi noted SUI’s price surge and $1 billion Total Value Locked (TVL). The coin ranks higher than Avalanche (AVAX) and Polygon (MATIC). Investors are noting SUI’s growing position in the DeFi market, with SUI projections showing a continuous positive trend and a whopping 240% increase<\/a> over the next three months,<\/p>\n

\n

$SUI<\/a> passes $DOT<\/a>. Congrats to those that listened to me. pic.twitter.com\/FtU5vk8f8M<\/a><\/p>\n

\u2014 MartyParty (@martypartymusic) October 13, 2024<\/a><\/p><\/blockquote>\n

At the time of writing, SUI was trading at $2.04,<\/a> down 4.3% in the last 24 hours, but sustained an 8.7% in the last seven days, data from Coingecko shows.<\/p>\n

Valuation Inquiries Arise<\/h2>\n

The rapid rise of SUI has evoked excitement among many but it has also raised doubts. In fact, some analysts are questioning whether there is a justification in the prevailing market capitalization of the token to its real fundamentals.<\/p>\n

 <\/p>\n

\"\"
SUI price seen rising significantly in the next three months. Source: CoinCheckup<\/a><\/figcaption><\/figure>\n

The rising value has sparked a debate because people are trying to measure SUI’s market capitalization in order to come up with underlying problems. Such an occurrence is not unusual for coins and even tokens on the rapid expansion corner; however, it also tends to instill some doubts into potential buyers.<\/p>\n

Insider selling is another worry. Significant transactions from a foundation wallet during the token’s recent rise have raised questions about its price sustainability<\/a>. Divesting during a price spike may indicate insider insecurity, making investors doubt long-term prospects.<\/p>\n

<\/p>\n

SUI market cap currently at $5.6 billion. Chart: TradingView.com<\/a><\/pre>\n
Comparison Of Fully Diluted Valuation<\/h2>\n
The complexity of SUI’s current condition is exacerbated by its Fully Diluted Valuation. The FDV of SUI is $1.2 billion, far lower than Solana’s $4.7 billion. Several market experts claim that Solana could be mispriced because the fully diluted valuation of Solana is less than one-third that of Ethereum. This has led some to conclude that SUI is overvalued at this time.<\/p>\n
\"\"
SUI up in the last week. Source: Coingecko.<\/a><\/figcaption><\/figure>\n
Such a comparison also raises the issue of possible mispricing in the market, which makes it necessary for investors to weigh the pros and cons before getting involved. At present, there is a competition among various cryptocurrencies and knowing the valuation of such projects relative to other tokens makes one comprehend better each of the tokens.<\/p>\n
Related Reading: Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months<\/a><\/div>\n
What’s Next For SUI?<\/h3>\n
Despite the concerns, SUI’s pictured development in the near future is optimistic. The examination of the movement of prices points out that an upward trend will occur since the estimates show that there will be a substantial increase in the market size in a few months. In the coming three months, the price of SUI is expected to shoot up by 244%, which attracts many hopeful investors.<\/p>\n
It is advisable for the investors to be careful. Considering the high volume of insider sales and concerns on valuations, the future might not be so rosy as it has been projected. Keeping track of market dynamics and technical analysis will be very important for addressing the risk that comes with the rapid rise of SUI.<\/p>\n
Featured image from Boxmining, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies. Among those who support SUI, this achievement has inspired hope since they believe it will become a major competitor in the market. Related Reading: As Bitcoin Tops $66K, Fear & Greed Index Moves To Neutral\u2014What\u2019s Next? DeFi noted SUI’s price surge and $1 billion Total Value Locked (TVL). The coin ranks higher than Avalanche (AVAX) and Polygon (MATIC). Investors are noting SUI’s growing position in the DeFi market, with SUI projections showing a continuous positive trend and a whopping 240% increase over the next three months, $SUI passes $DOT. Congrats to those that listened to me. pic.twitter.com\/FtU5vk8f8M \u2014 MartyParty (@martypartymusic) October 13, 2024 At the time of writing, SUI was trading at $2.04, down 4.3% in the last 24 hours, but sustained an 8.7% in the last seven days, data from Coingecko shows. Valuation Inquiries Arise The rapid rise of SUI has evoked excitement among many but it has also raised doubts. In fact, some analysts are questioning whether there is a justification in the prevailing market capitalization of the token to its real fundamentals.   The rising value has sparked a debate because people are trying to measure SUI’s market capitalization in order to come up with underlying problems. Such an occurrence is not unusual for coins and even tokens on the rapid expansion corner; however, it also tends to instill some doubts into potential buyers. Insider selling is another worry. Significant transactions from a foundation wallet during the token’s recent rise have raised questions about its price sustainability. Divesting during a price spike may indicate insider insecurity, making investors doubt long-term prospects. SUI market cap currently at $5.6 billion. Chart: TradingView.com Comparison Of Fully Diluted Valuation The complexity of SUI’s current condition is exacerbated by its Fully Diluted Valuation. The FDV of SUI is $1.2 billion, far lower than Solana’s $4.7 billion. Several market experts claim that Solana could be mispriced because the fully diluted valuation of Solana is less than one-third that of Ethereum. This has led some to conclude that SUI is overvalued at this time. Such a comparison also raises the issue of possible mispricing in the market, which makes it necessary for investors to weigh the pros and cons before getting involved. At present, there is a competition among various cryptocurrencies and knowing the valuation of such projects relative to other tokens makes one comprehend better each of the tokens. Related Reading: Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months What’s Next For SUI? Despite the concerns, SUI’s pictured development in the near future is optimistic. The examination of the movement of prices points out that an upward trend will occur since the estimates show that there will be a substantial increase in the market size in a few months. In the coming three months, the price of SUI is expected to shoot up by 244%, which attracts many hopeful investors. It is advisable for the investors to be careful. Considering the high volume of insider sales and concerns on valuations, the future might not be so rosy as it has been projected. Keeping track of market dynamics and technical analysis will be very important for addressing the risk that comes with the rapid rise of SUI. Featured image from Boxmining, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":648347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,87261,88518,88213],"class_list":["post-648333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-sui","tag-sui-foundation","tag-sui-network"],"acf":[],"yoast_head":"\nSUI Price Hits All-Time High - But Questions About Valuation Remain<\/title>\n<meta name=\"description\" content=\"SUI has lately attracted a lot of interest and peaked in its development. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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