🔔 Solana Rival Sui Has Long-Term Potential, But Short-Term Challenges
💎 Guy Turner, host of the Coin Bureau YouTube channel, believes that Solana competitor Sui has “serious potential
” in the long term. He cites Sui’s low price, lower market cap, and wide accessibility as factors that could attract retail investors
seeking perceived large gains.
🔽 However, Turner notes that various on-chain metrics like total value locked (TVL) and transaction numbers
suggest a bearish short-term outlook
for Sui. These demand-side indicators are not trending favorably, a pattern Turner sees across most cryptocurrencies due to low altcoin interest.
📉 Currently trading at $1.03
, down 53% from its March all-time high, Sui’s (SUI) price is likely to continue trending lower in the short term,
even if supply-side pressures ease. Turner’s analysis paints a picture of long-term promise but short-term challenges for Sui.
💬 Source