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Cryptocurrency News Articles

4 Catalysts That Could Drive SUI Price to $35 in 2025

Jan 23, 2025 at 02:30 am

The start of 2025 is expected to be super bullish for SUI and some other cryptos, but on the contrary, January has been rough, with SUI price itself

4 Catalysts That Could Drive SUI Price to $35 in 2025

The start of 2025 is expected to be bullish for SUI and some other cryptos, but on the contrary, January has been rough, with SUI price itself consolidating within a range.

An analysis on his YouTube channel “Everything Crypto,” the host explained SUI potential growth trajectory. Despite an 18% pullback from January highs, SUI has shown strength, posting an 850% gain from its August 2022 bottom. Drawing parallels with Solana’s historic market cap surge in 2021, the analyst positions SUI as a leading Layer 1 altcoin poised for significant growth.

The broader crypto market context sets an interesting stage for SUI’s potential growth. Bitcoin recently touched a new all-time high before pulling back to $103,000, maintaining strong support at the $100,000 level. Meanwhile, Ethereum continues to navigate a long-term downtrend since its 2021 peak, highlighting the divergent performances within the crypto market.

First Catalyst: DeFi Innovation Through Steam AMM

Everything Crypto’s analysis begins with Steam’s innovative Automated Market Maker (AMM) implementation. Unlike traditional AMMs that often leave significant liquidity idle, Steam introduces a capital-efficient solution that puts idle liquidity to work through SUI’s lending protocols.

This dual-purpose system enables liquidity providers to earn both trading fees and lending yields, potentially attracting substantial capital into the ecosystem.

Second Catalyst: Bitcoin Integration Boosting Liquidity

The collaboration between Babylon Labs and Lombard marks a significant development for SUI’s ecosystem. This integration allows Bitcoin holders to stake their assets and receive liquid staking tokens, which can be utilized across SUI’s DeFi protocols for lending, borrowing, and liquidity provision.

The analyst emphasizes how this integration could trigger a substantial liquidity influx from the Bitcoin community.

Third Catalyst: Phantom Wallet Integration

The integration with Phantom Wallet represents a major milestone for SUI’s accessibility. With 7 million monthly active users and 32 million downloads, Phantom’s support for SUI opens the platform to a vast user base. Everything Crypto highlights how this integration could replicate Solana’s successful retail adoption trajectory, given Phantom’s reputation for user-friendly design.

Fourth Catalyst: Walrus Decentralized Storage Protocol

The introduction of the Walrus protocol expands SUI’s utility beyond traditional DeFi and NFT applications. This blockchain-agnostic decentralized storage solution enables large-scale data storage for AI training and content hosting, while allowing developers to build fully decentralized websites.

The analyst notes how this innovation could attract enterprise users and broaden SUI’s appeal beyond its current user base.

Technical Developments and Price Analysis

Recent technical upgrades, including the Mystic V2 update and SIP-45’s dynamic gas pricing, strengthen SUI’s foundational infrastructure.

On the price action front, Everything Crypto notes that while SUI recently broke below its uptrend and $4.47 support, the next significant support level sits at $3.93 A bullish reversal could target resistance at $5 and the current all-time high of $5.36.

Everything Crypto concludes that the combination of these catalysts, alongside continued ecosystem development, positions SUI for potential growth to $35 by 2025. This projection assumes a favorable market cycle and successful execution of the platform’s technical roadmap.

The robust DeFi ecosystem, increased liquidity through strategic integrations, and expanding use cases beyond traditional blockchain applications all contribute to this bullish outlook.

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