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Homeweb3.0Can SUI Reach $100 This Crypto Cycle? SUI Price Prediction
Can SUI Reach $100 This Crypto Cycle? SUI Price PredictionOct 26, 2024 am 10:18 AM
Price Prediction CryptoSUI

In a video from BULLRUNNERS, the crypto analyst Paul delves into the promising potential of SUI Coin, highlighting its status as one of the

Can SUI Reach 0 This Crypto Cycle? SUI Price Prediction

Crypto analyst Paul from BULLRUNNERS recently covered SUI Coin in a video, highlighting its status as one of the best-performing breakout cryptocurrencies this year. He emphasizes that SUI has several unique advantages — its “secret weapons” — that could help it far outpace its competitors, including Solana.

As the crypto market begins to recognize SUI's capabilities, Paul believes that it is setting itself up to dominate the upcoming bull market cycle of 2025.

For those considering investing in SUI, especially if its price is below $3, Paul assures viewers that they are still early. He discusses the speculation around SUI reaching $100 by 2025, promising to explore the feasibility of this prediction and what realistic price targets might be.

Paul quickly provides an overview of SUI, explaining that it is a layer-one blockchain that utilizes parallel transaction execution to achieve faster processing speeds than traditional blockchains. This method allows SUI to handle multiple transactions simultaneously, resulting in a finality time of about 390 milliseconds — an impressive feat that positions SUI as the fastest blockchain currently available.

He contrasts SUI's performance with that of Solana, noting that while Solana achieves a finality of around 500 milliseconds, SUI can handle about 100,000 transactions per second (TPS) compared to Solana's 65,000 TPS. He further highlights that Ethereum processes around 30 TPS and Avalanche around 4,500 TPS. With a total transaction volume of $6 billion by mid-October, SUI's growth trajectory suggests it could potentially surpass Solana.

Paul introduces Evan Chang, one of SUI's co-founders, who has a remarkable background, including a decade at Apple and significant contributions at Meta. Chang's experience has influenced SUI's innovative features, such as the ability to execute transactions without an internet connection and offering gas-free transactions, which could revolutionize crypto accessibility.

The analyst explains that SUI's object-centric data model distinguishes it from traditional account-based models. This design reduces the number of updates needed during transactions, minimizing bottlenecks and enhancing speed and efficiency. Unlike Solana, which has experienced multiple outages, SUI has maintained uninterrupted service since its launch.

When examining the possibility of SUI reaching $100, Paul draws parallels to Solana's explosive growth, noting that a similar percentage gain from SUI's current price is theoretically possible. However, he cautions that achieving a price of $100 would require an extraordinarily high market cap, surpassing $278 billion, which is a significant leap from its current $5.3 billion market cap.

Realistically, Paul suggests that a more attainable target would be around $40 per token, contingent upon demand growth and the circulating supply dynamics projected for late 2025.

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