Sui Coin Price Prediction 2023-2030: Will Sui reach $1000?

Latest Sui Price

Article Coverage: Sui Performance Summary, Latest Sui News, Sui Price Prediction Today, Latest Sui Video, Is Sui a Good Investment, Insights from a recent interview with MD of Sui Foundation, What is SUI Token? Sui Price Prediction 2023, 2025 and 2030

Sui Performance Summary (Kucoin), May 28th

  • Last 7 Days: -10.7%
  • Last 30 Days: -35.7%
  • Since Launch: -55.2%

Latest Sui News, May 28th

  • Sui has announced the SuiGame airdrop on the SUI Network. Sui Game aims to revolutionize the GameFi, NFT, and SocialFi sectors, aspiring to be the ‘Nintendo’ of the SUI ecosystem. More Updates are expected soon.
  • BlockVision has announced the launch of its Indexing APIs on the Sui network. These APIs will provide easy access to information about NFTs and coins on the Sui network. BlockVision aims to simplify integration and enhance data retrieval efficiency. The APIs include features such as Account’s Collections, Single Collection Info, Collection Top Holders, Collection NFT List, and Coin Holders.

Sui Price Prediction for the Next 6 Hours

Sui Price for the Next few Hours will be in the range of 1.1 and 1.1

Sui Price Prediction: Technical Analysis, May 28th

The Technical analysis for SUI indicates a Sell signal

  • The moving averages show a sell sentiment with four indicators suggesting a sell signal and eight indicating a buy signal
  • The technical indicators also point towards a sell, with seven indicators suggesting a sell signal, two indicating a buy signal, and no neutral signals.
    • RSI (14): The Relative Strength Index indicates a sell signal with a value of 39.479.
    • Stochastic RSI (14): The Stochastic RSI suggests that the market is overbought with a value of 93.388.
    • MACD (12,26): The Moving Average Convergence Divergence indicates a buy signal with a value of 0.156.
    • Williams %R: The Williams Percent Range suggests that the market is oversold with a value of -81.321.

Overall SUI is technically Bearish. Check out the Crowdwisdom360 Outlook table below for the latest Outlook (Updated every 12 hours)

Sui Coin Price Prediction Today

GMT: 29 May, 2023 12:35 PM
Overall OutlookBullish
1. Market's WisdomBullish
1a. Market DataBullish
1b. Technical RecommendationBuy
2. Crowd's WisdomPartially Bullish
2a. Social Media BuzzHigher
2b. Social Media SentimentNeutral

Sui Coin: Buy or Sell, Crowd Poll, May 28th

Sui Coin Latest Video, May 28th

YouTube video

Sui Price Prediction: Is Sui Crypto a Good Investment?

Sui is a Layer-1 smart contract platform that claims to offer unmatched scalability and low latency for a wide range of applications. One of Sui’s key breakthroughs is its ability to achieve parallel agreement on causally independent transactions, eliminating the overhead of global consensus without sacrificing safety and liveness guarantees. This is made possible through Sui’s novel data model and Move’s strong ownership types. The platform is maintained by a permissionless set of validators that play a similar role to validators or miners in another blockchain system

  • In Rust, Sui supports smart contracts written in Sui Move, a powerful asset-centric adaptation of Move for the Sui blockchain.
  • Sui’s object-centric model enables parallel transaction processing, sub-second finality, and rich on-chain assets.
  • The platform also has a native token called SUI, which is used for gas and staking in a Delegated Proof-of-Stake model.

Sui organizes its storage around “objects” rather than accounts. Objects are digital entities that store data and can be programmed using smart contracts. There are four types of ownership for objects in Sui: owned by an address, owned by another object, immutable (cannot be modified), and shared (accessible by anyone according to the smart contract rules). So, before a transaction is complete, Sui Organizes them first into one group and processes them. Further, it organizes the processing in a manner that transactions are not competing for the same resources (which is why Gas prices rise and fall in Ethereum)

Sui employs two separate protocols:

  1. Byzantine Consistent Broadcast: This protocol is used for simple transactions that involve owned objects, which can only be modified by their specific owner. An example would be transferring an asset to someone else. These do not involve Consensus
  2. Narwhal and Bullshark consensus protocol: This protocol is used for more complex transactions that involve shared objects, which have no owner and can be modified by multiple users. These transactions have strong interdependencies and require consensus for processing. An example would be a decentralized perpetual exchange.

Both protocols follow a similar process, where the sender broadcasts the transaction to Sui validators, who check the transaction’s validity and vote on it. The sender collects a supermajority of votes and sends it back to validators, who then execute the transaction and provide a summary of the transaction’s effects.

Sui’s consensus system is divided into two parts: The first part, called Narwhal, is responsible for collecting and organizing the transaction data. The second part, called Bullshark, is responsible for deciding the order in which these transactions should be processed. Narwhal uses a special structure called a directed acyclic graph (DAG) to efficiently collect and store transaction data. Validators submit messages containing transaction details, which are connected to the DAG, forming a growing network. Once the DAG is built, each validator looks at their local view of the DAG and decides the order of transactions independently without communicating with others. This way, Sui can process transactions more quickly and efficiently.

Insights around SUI Objects

  1. Sui blockchain uses an object-centric data model, setting it apart from other Layer 1 blockchains.
  2. The basic unit of data storage in Sui is a programmable object, defined and managed by developers.
  3. Unlike in traditional blockchain models, these objects are stored directly on-chain in a user’s account, offering full control and access to the owner.
  4. Each object has unique attributes that can be dynamically updated over time, enhancing the value, context, and utility of the digital asset.
  5. The object-oriented model allows for efficient transaction processing, as transactions related to distinct objects can be processed in parallel, leading to increased throughput and reduced latency.
  6. Sui’s model supports various forms of asset ownership including single, shared, compositional, and immutable.
  7. Sui provides a tutorial series to help developers understand and start programming with this innovative object-centric model.

Sui Ecosystem

  • Blockchain Infrastructure
  • Developer Tools
  • Decentralized Finance (DeFi)
  • Gaming
  • NFTs

What is SUI Token?

Sui Tokenomics has three main participant groups: Users, SUI token holders, and validators

  • Its major role is expected to be participation in the proof-of-stake (PoS) consensus, allowing token holders to actively participate in the consensus process and earn rewards for securing the network. To incentivize honest behavior by Sui validators and SUI owners
  • SUI token will serve as a means of payment for gas fees required to execute transactions on the Sui Network.
  • SUI token is expected to play a crucial role in decentralized finance (DeFi) activities, such as lending, borrowing, and trading.
  • Storage fund for shifting stake rewards and compensating future validators

Overall, while SUI has numerous strengths, it is quite early to classify it as a good or bad investment.

Sui Coin Price Prediction: Will Sui Coin Reach $1000?

To reach $1000, Sui Coin will have to rise 800 times. At $1000, Sui’s market cap would be $630 Billion. If Sui were to rise 25% every year, it would take it 31 years to reach $1000

None of this is feasible or Practical. The only realistic possibility for Sui Coin to burn 75% of the Tokens in Circulation.

Sui Price Prediction 2023, 2025 and 2030

  • Sui Price Prediction 2023 is $1.8
  • Sui Price Prediction 2025 is $3.6
  • Sui Price Prediction 2030 is $16.2

Where to buy Sui Crypto?

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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