Solana Killer Sui Has Serious Long-Term Potential, Says Coin Bureau Host Guy Turner – But There’s a Catch
The host of the Coin Bureau conduit, Male Turner, is offering his rate estimates for Solana (SOL) adversary Sui (SUI).
Turner tells the 2.48 million subscribers of the Coin Bureau YouTube conduit that Sui possesses “big possible” over the long term.
On the excuses for his bullish thesis, the Coin Bureau host says,
“[Sui] satisfies the standards of a crypto that retail could ape correct into. It has a low rate tag, which supplies the impression of considerable gains. It has a minimal bazaar cap than innumerable considerable-cap cryptos, which strategies that it seizes less coinage money to glide its rate. And it’s available as it’s listed on with one voice serious marts.”
Sui is trading at $1.03 at time of concocting, down by about 53% from the with one voice-time high rate of $2.17 gained to in late March.
According to Turner, innumerable metrics on Sui such as the overall worth addressed (TVL) and the number of on-chain undertakings say a short-term bearish future for the Solana adversary.
“What is legible is that most of these on-chain metrics say ultimata is not trending in the correct direction and this spells frustrate for Sui’s rate. In Sui’s reply, the disturbingly same trends can be seen with practically every innumerable other crypto.
As I discussed a few moments ago, altcoin curiosity isn’t disturbingly high at the moment. This strategies that in the short term, Sui’s rate is possible to perpetuate trending minimal, along with its ultimata-side metrics, even if the equip-side duresses lessen.”
Collected Image: DALLE3
