Suku Price Prediction 2023-2030: Will Suku reach $1?
Latest Suku Price
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||41.2%||Lower|
Suku Price Prediction: Is SUKU crypto a good investment?
Suku is an ecosystem based on blockchain technology that makes supply chains more efficient and accessible. It, thus, connects consumers and businesses. Suku ecosystem aims to bring the Web3 communities together by providing them with tools and incentives to grow.
The ecosystem consists of three things i.e., the Suku platform, trading partners, and technology partners. Suku’s aim is to build an open software distribution model that consists of applications and services that are built by Suku’s technology partners and are utilized by Suku’s trading partners.
Suku aims to solve the hurdles for mass adoption of Web3 i.e., its goal is to build better tools and necessary infrastructure to increase the utility of Web3.
Web3 technology can help developers and innovators envision the future of a decentralized internet and hence, has a huge scope for growth in the future. Moreover, as per the reports, the global Web3 blockchain market is expected to grow at a Compound Annual Interest Rate of 44.9% by the end of 2030.
Furthermore, the Suku ecosystem is also engaging with NFTs. Its latest announcement of minting NFTs tweet can also be said to be an innovative step in this domain. Reports say that the NFT market is expected to grow at a CAGR of 34.2% by the end of 2030.
What differentiates SUKU crypto?
Well, the Suku platform can help consumers make informed choices when they buy a product or service by making the supply chain more transparent and accessible. There are not many blockchain platforms in the market that focus on supply chain management along with focusing on the development of Web3 world.
By integrating blockchain with the supply chain, Suku aims to provide better transparency and efficiency for small to medium enterprises. Furthermore, the Suku platform allows the integration between different applications and services to unroll the entire supply chain activity.
Therefore, as the Suku platform is into both NFTs and Supply Chain Management, the Suku token certainly has the potential to grow in the coming future. However, there needs to be more clarity in which direction is the business headed and what is the distribution of revenues.
Suku Wallet introduces a simpler way to send crypto using Twitter handles instead of traditional alphanumeric addresses. With Suku Wallet, users can effortlessly send tokens and NFTs to any Twitter user, even if the recipient doesn’t have a crypto wallet. The process is straightforward: Users sign in to their Suku Wallet using their Twitter login, choose the Twitter handle they want to send crypto to, specify the token amount, and click send. For added security, those with 2FA activated will need to input a code sent to their phone. This innovation eliminates the need to remember or share complex crypto addresses, making transactions more user-friendly.
Recent Case Studies on Suku
Suku collaborated with Polygon to launch a unique NFT collection on Twitter, celebrating the debut of Polygon 2.0. The campaign was a massive success, with over 50,000 NFTs minted in less than 48 hours. It garnered over 22 million impressions, 89,000 social mentions, and led to the installation of over 47,000 wallets. Impressively, 92% of those minting adopted the Suku Wallet.
The campaign’s success was attributed to the easy minting process via tweets, the efficient Polygon 2.0 blockchain, and the seamless integration with the Suku Wallet. Suku’s protocol simplifies the onboarding process for newcomers to Web3, allowing users to mint NFTs through tweets and eliminating concerns about gas fees. Users can access their NFTs by logging into the Suku Wallet with their Twitter account, bypassing the need for complex setups. Suku’s campaign has introduced a more user-friendly approach to minting and collecting NFTs.
On August 24, 2023, SupDucks and Suku launched a “token drop” campaign on Twitter, offering the first 1,000 retweeters 100 $VOLT tokens each. The campaign swiftly achieved its goal in under 30 minutes, thanks to Suku’s innovative “distrimotion” technology and their Zero-Onboarding protocol, which auto-generates a wallet for users. This strategy not only showcased the power of combining social marketing with digital incentives but also highlighted the cost-effectiveness of organic reach, achieving what would typically cost around $12,920 in paid ads.
SUKU crypto is the native governance token of the Suku platform which is based on Ethereum. SUKU crypto can have a total supply of 1,500,000,000 tokens, out of which 178,403,407 tokens are already in circulation. The following are the primary use cases of SUKU crypto:
- Users can use their SUKU crypto to pay transaction fees on the platform.
- SUKU crypto holders can participate in the governance of the platform.
- SUKU tokens are used to give rewards on the platform.
Suku Price Performance so far
- Year to Date (2023): +1.6%
- Last 12 Months: -59.1%
- Since Launch (2020): -91.0%
While Suku may offer short-term trading opportunities, overall it has not been a good investment.
Suku Price Prediction: Will SUKU reach $1?
To reach a price of $1, the SUKU crypto needs to grow by 18.18 times, considering its current market price of $0.055.
Suku crypto reached its all-time high price of $1.25 in November 2021, where it grew by 7.81 times in just 4 months (from the lowest value of $0.16 in July 2021). It means that it grew by 1.95 times in one month.
Thus, the SUKU crypto requires 9.32 months to reach a price level of $1.
However, the current market situation of liquidity and inflation is definitely not in favor of the crypto market. Therefore, it cannot even reach that value in the time as calculated above. Therefore, reaching $1 is definitely not a tough target for the SUKU crypto because it has reached that value earlier. However, it will need much more time to reach that value.
Suku Price Prediction: Will SUKU Reach $10?
SUKU crypto needs to grow by 181.81 times to reach $10, considering its current market price of $0.055.
As Suku has shown a 1.95 times growth in one month, it will need a minimum of 93.23 months (less than 8 years) to reach a price level of $10.
But, as discussed earlier, macroeconomic conditions are not currently in the favor of the crypto market the inflation is also much hotter compared to times when SUKU crypto achieved its all-time high price.
Therefore, the SUKU crypto can certainly not reach a price level of $10 within 8 years, rather it needs more time than that once the economic factors turn out to be in its favor.
Also Read: Sun Token Price Prediction
Suku Price Prediction Today
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Lower|
Suku Price Prediction 2023, 2025 and 2030
- Suku Price Prediction 2023 is $0.0895
- Suku Price Prediction 2025 is $0.1700
- Suku Price Prediction 2030 is $0.7600
Suku Price Prediction: Can Tweets be minted as NFTs?
Earlier this week, Suku announced two components namely Sukuthis and Suku Web3 Connect as a step towards its broader product scope.
Here, Sukuthis is a widget that allows users to mint their tweets as NFTs directly from Twitter. They can do it just by tagging “@Sukuthis” in any post or reply. Soon after that the users will get a reply from Sukuthis with the instructions to collect the NFT using their Twitter account.
With Suku Web3 Connect (which is a Chrome extension), users can collect minted tweets, manage their NFT collectibles, and trade them on OpenSea (without any cost).
Though Sukuthis and Suku Web3 Connect are in the beta stage of development, it is a quite unique initiative by the Suku ecosystem. Let’s also see what the Reddit community has to say about this initiative.
In a Reddit discussion on a similar topic, one user commented that by minting the Tweets as NFTs, one can verify if someone has actually said that or if it is an edited version. He added that users can even verify whether the account is real or not.
Competitor analysis: Suku vs. Alchemy
Alchemy- It is a Web3 development platform that builds a set of powerful tools to help the scaling of decentralized applications by the users.
Alchemy is a blockchain development platform that aims to provide developers with fundamental building blocks to create the future of technology. Here the users can connect their Dapps to the blockchain and scale with their users.
Suku- The Suku ecosystem is a blockchain-based system to make supply chains more accessible and transparent and thus, fuels Web3 by bringing the communities together. It provides a set of tools to help the Web3 community grow faster and stronger.
Where can I buy SUKU crypto?
SUKU crypto can be bought on many Centralized and Decentralized exchanges, including SushiSwap, Coinbase, KuCoin, Bittrex, Gate.io, BTCEX, HitBTC, etc.
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.