Sui, currently with a market capitalization of about $7 billion, has been struggling just like many cryptos. But how high can it go when the bull run starts. Is a spike to $40 possible?
Routine Station addresses this in a YouTube video on their channel.. At the time of the analysis, Sui was trading at approximately $2.50, positioning it at rank 17 in the cryptocurrency market cap.
What makes Sui particularly interesting is its price performance since its airdrop, when it was valued at just $0.30-$0.40. The uptrend has been notable, especially compared to many other cryptocurrencies in the current market cycle.
Routine Station emphasizes the importance of understanding Sui tokenomics before making investment decisions. Currently, only about 32% of Sui’s total supply is in circulation, with a maximum supply of 10 billion tokens.
Sui Bull Market Support Band Analysis
According to the analysis, Sui is currently trading below its bull market support band, which ranges from $3.20 to $3.50. This positioning in the “bluish area” of technical indicators presented suggests it might be a reasonable time to begin Dollar-Cost Averaging (DCA) into the asset, though not necessarily to make a lump-sum investment.
One of the most popular narratives in the market is that Sui could be “the next Solana,” potentially reaching price targets of $40, $50, or even $100. Routine Station provides a sobering comparison: if Sui were to reach Solana’s current market capitalization, it would represent approximately an 800% increase from its current price, putting Sui at around $20.
If Sui were to match Solana’s all-time high market cap, this would translate to roughly a 1,500% increase, bringing Sui to approximately $40. While impressive, these projections already show that a $50 price target would be extremely challenging to achieve, especially considering the remaining inflation in Sui’s tokenomics.
Realistic SUI Price Prediction
Based on both linear and logarithmic models, and accounting for inflation effects, Routine Station suggests that a more realistic peak for Sui would be between $7 and $10. At $10, Sui’s market capitalization would reach approximately $30-32 billion.
Read Also: SUI Price Could Surge to $10, Top Analyst Predicts: Here’s How
While the channel doesn’t completely rule out the possibility of reaching $40, it presents $10 as a more reasonable target that still represents nearly 300% potential upside from current levels. For investors, this would mean turning every $100 investment into around $400.
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