🔔 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
💎 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