Despite high expectations, Bitcoin has dipped below $30K and shifted the crypto market sentiment way down. But once you look beyond BTC, you may notice altcoins that are not only in the green but also approach new price records, such as Sui (SUI). For an explanation, read the ChangeHero team’s Sui price prediction for 2024 and up to 2034.
Sui Price Forecast 2024–2034
- The opinions about future Sui price predictions are split by a large margin. Bullish trends will see SUI trade above the current all-time high as soon as this year while bearish ones predict a possibility of a decline;
- The maximum price predictions prepare traders to expect strong price fluctuations before 2030. Even though the price of SUI can eventually exceed $30, it can also pull back from there to $10.
- As for the minimum price predictions, a chance that SUI can be trading below the current average trading value is not out of the question.
What are Sui and SUI Crypto?
Sui is a decentralized smart contract platform that enables near-instantaneous execution even of high-complexity transactions. It is sometimes referred to as a blockchain but its underlying architecture is slightly different. Sui is a so-called object-oriented network, which implies many complicated intricacies, but suffice it to say that it enables it to process a near infinite amount of simple transactions at once.
Sui has been in development since 2021 and received over $336M in funding. Its mainnet release was on May 3, 2023. Core contributors to the platform are Mysten Labs, a research and development company founded and led by ex-Meta engineers. In other words, Sui was built with the know-how that was meant for the Meta’s stablecoin Diem (previously Libra).
The role of the SUI coin on the platform is rather standard: it serves as a gas token and is required for staking. Staking SUI also lets validators vote on matters concerning the future of Sui. There is a little more than that to the Sui token, though: the platform has a storage fund that compensates and incentivizes on-chain data storage.
The ChangeHero team has a Beginner’s Guide about Sui (SUI). Make sure you know what the project is all about before you read this forecast!
Sui (SUI) Price History
Sui Price in 2023
Sui (SUI) started trading on an open market in early May 2023. As is often the case, holders who got SUI in a presale immediately started selling, locking it into a long-term downtrend. It was not only due to the local trend but also because of the neutral-to-bearish sentiment prevailing in the crypto market.
As the volumes dwindled after the initial hype, the price slid down from an all-time high of $1.72 (May 3, 2023) to $0.3643 by October. This bottom coincided with a legal probe, which we will explain in the sections to follow.
Luckily for SUI holders, it managed to bounce back up from there and finished 2023 at the $0.77 mark.
Sui Price in 2024
During the short time that has passed since the start of 2024, Sui has managed to come very close to a new price record. Its local high price of $1.45 was reached on January, 15. We will explain what fuelled the rally in the next section.
At the time of writing, SUI is worth $1.25 and the coin ranks 51st by market capitalization according to CoinMarketCap.
What Influences the Price of Sui Coin (SUI)?
Adoption
Sui is one of the many crypto and Web3 projects building infrastructure for the new digital economy. After all, should this transition occur in reality, service providers will see some wins. Those who built the infrastructure, however, will show what real early advantage means.
This is also the reason why competition in the Layer-1 niche is so tense right now. Even though the Web3 transition is a fringe topic with the general public, it does not mean it will happen momentarily. The building blocks are being laid out and L1s race to support the most services and use cases.
In recent news, Mysten Labs, have announced a partnership with Alibaba Cloud, a branch of a Chinese e-commerce giant. The scope of the collaboration is nothing unusual: full node services and tools for Move developers. Besides, Alibaba Cloud already works with TON, Avalanche, and Near, to name a few blockchain platforms. Nevertheless, the juxtaposition of brand names in these announcements never fails to grab the headlines and boost the price.
Network Growth
As more services get built and migrate to a blockchain, more users and network activity should follow. This seems to be the case with Sui as well: its recent rally that reached a peak price seems to be fuelled by ecosystem growth. Over a week, its DEX volumes grew explosively along with total value locked (TVL). At the time of writing, the Sui network is second only to Solana among all non-EVM chains in terms of TVL.
The increase is fueled by DeFi protocols mostly working on Sui exclusively, with multi-chain protocols being less common. Most TVL is locked in lending protocols, DEXs, and liquid staking.
Speaking of staking, it is also a telling metric when viewed through this lens. Sui reports a very high rate of locked assets, above 50%. This is a good sign for network security but not for those who see SUI as a financial instrument. Firstly, the less unlocked SUI there is, the lower the liquidity. Secondly, treating staking as a means of passive income rather than participation in the network puts the Sui blockchain in the crosshairs of regulators as if it were an investment contract. This point will become especially important moving on.
Supply Dynamics
In October 2023, SUI was trading near its all-time low. The reason for it was a legal probe by the South Korean Financial Supervisory Service on allegations of supply manipulation. More precisely, a lawmaker expressed concerns that the Sui Foundation sold the interest that came from staking the locked SUI tokens in their possession. The Foundation, in turn, denied ever selling any SUI after the initial community sale.
The token release schedule also influences the SUI price in the short term. When tokens get released, traders interpret it as a bearish signal, as the value of the currently circulating token supply gets diluted. Only 11% of Sui tokens are in circulation right now, and the releases are irregular. However, they can come up to large sums in USD: the previous SUI unlock was estimated to be worth $31M.
SUI Price Forecast and Analysis
Is SUI going to come close and overtake its ATH soon? Let’s refer to the charts to weigh the chances. The SUI price has just broken out of an ascending triangle and pulled back from a local high of $1.4. The reaction to that move has been as strong as the breakout, so the bulls seem to still have enough buying power. The relative strength index also is not far enough into the overbought zone to signal a trend change, although it has touched its average without a crossover.
Overall, the outlook in the SUI-USD market is decent so far, but do not forget about setting a stop loss. Consider the levels on the chart above: namely, $1 and $0.87.
Sui Price Prediction for 2024
According to CoinGape analysts, the outlook for the Sui cryptocurrency in the short term is optimistic due to its proven resilience. It has been in an uptrend since November 2023 and turned a trendline from resistance to support. They share another opinion which claims that SUI reaching $2 is possible during this rally. In a less probable bearish scenario, they suggest keeping an eye on the support level near $0.95.
The price and technical analysis done by The News Crypto are equally optimistic. Inferring a breakout from a descending channel at $1.21 (which has already been validated), they expect a move to the upside to at least the resistance level of $1.786.
On the other hand, YouTuber More Crypto Online is more skeptical toward the bullish perspective. In his opinion, based on the Elliott Waves analysis, SUI is more likely to move to the downside and find support between $0.96 and $0.75. Of course, nothing can be ruled out on the crypto market, where the wildest stuff happens, so in case the price keeps moving up, it should soon land somewhere close to $1.83.
Sui Price Prediction for 2025
In the forecast by Coin Edition, special attention is paid to the fact that in 2024, Bitcoin halving is expected. Historically, in 14 to 18 months after this event, BTC experiences a meteoric rise and carries the entire crypto market with it. Nevertheless, the target they expect for SUI in these conditions is $2.45.
An SUI price prediction by CoinCodex is made with their in-house algorithm that creates projections based on historical price analysis. In a year from now, SUI is expected to be trading for around $1.73. The estimated price range for SUI to be trading during 2025, according to their forecast, is between $1.14 and $1.81.
Another source that uses a similar principle, CoinCheckup, predicts that SUI will add 37.63% to its value. This makes the price of SUI at the start of 2025 about $1.77. Interestingly enough, at the time of writing this price prediction, in comparison to a month ago, the current SUI price is up 71.66% (according to data from CoinMarketCap).
Sui Price Prediction 2026–2029
What’s the forecast range between the minimum and maximum price of Sui (SUI) from 2026 to 2029? Turns out, the opinions and estimates are rather split and range from moderately bearish to very bullish.
| Year | OvenAdd | Digital Coin | AMB Crypto |
| 2026 | $18.75–20.79 | $3.69–4.58 | $0.97–1.46 |
| 2027 | $23.05–25.08 | $4.83–5.74 | $1.15–1.72 |
| 2028 | $27.34–29.60 | $4.83–5.74 | $1.35–2.02 |
| 2029 | $31.64–33.92 | $5.97–6.89 | $1.58–2.38 |
Sui Price Prediction 2030 and 2034
For the lack of historical data for Sui, not a lot of sources provide such long-term forecasts. In any case, here are some Sui price predictions for 2030 and ten years ahead.
According to the information from the PricePredictions.com portal, by 2030 SUI’s price will land somewhere between $9.16–9.93. Continuing on the trajectory of growth, in 2034 the maximum price of SUI can reach $15.
Alternatively, Coin Data Flow’s original forecasting model predicts that in 2030, SUI can grow by up to 518.16%, and in ten years by 2034, by 883.57%. This would make Sui’s maximum price $7.91 and $12.58 in 2030 and 2034 respectively. As for the minimum price, it would be $2.30 in 2030 and $3.94 in 2034.
How to Exchange SUI?
Did you know you can get SUI tokens on ChangeHero at the best rates and with no registration? Here is how:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step, and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send a single transaction in the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: confirming the incoming transaction and as soon as it arrives, performing the exchange;
- Once the exchange has been processed, your SUI is immediately on the way to your wallet.
Our customer support is available any time, any day in the chat on the website or through the email: [email protected].
Conclusion
Sui may not have the longest history on the market but its fundamentals and development are nothing to sneeze at. Even still, experts are split on the outlook for this platform and coin.
What do you think about our Sui price prediction? Let us know on X, Facebook, Reddit, and Telegram. Subscribe and get a daily stream of informative content from our team!
Frequently Asked Questions
What will Sui be worth in 2025?
The SUI prices are expected to fluctuate between $1.14 and $2.45 by 2025.
What is the price prediction for Sui in 2024?
Various sources and methods provide future targets for the 2024 SUI price between $0.75 and $2.
What is the Sui bull run prediction?
Crypto experts’ forecasted price of SUI in 2025 ranges from $1.14 to $2.45 depending on the source and method. Most of the sources reviewed seem to not account for the possibility of a Bitcoin bull run around that time.
What is the price of Sui in dollars?
At the time of writing, SUI is worth $1.25 and the coin ranks 51st by market capitalization according to CoinMarketCap. The total market capitalization of the project is estimated at $1,386,206,434 with 1,100,947,215 SUI in circulation.
Where can I buy Sui?
Sui is listed on several major crypto exchanges. To save time and effort on finding the platform with the best rates, use ChangeHero: we source our rates from 9 liquidity providers to find the best current exchange rate for your SUI conversion.
What is the maximum supply of Sui?
The Sui token supply is capped at 10 billion SUI. These tokens will gradually enter circulation over the years to follow. At the time of writing, only 11% of the total SUI supply has been unlocked.
Disclaimer
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
