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Cryptocurrency News Articles
Here's Why You Should Stop Ignoring SUI If You Want to Retire in 2025
Dec 23, 2024 at 10:15 pm
Popular crypto YouTuber Archie, who has over 85,000 subscribers, posted a viral video a few days ago explaining why investors should pay attention to SUI.
Popular crypto YouTuber Archie has recently shifted his largest altcoin holding from Casper to SUI, highlighting its potential for investors eyeing retirement in 2025.
Archie, who boasts over 85,000 subscribers on YouTube, has a net worth that is largely crypto-dependent, with 90-95% of it allocated to digital assets. In a recent video, Archie explained his rationale for choosing SUI and how he plans to time his crypto profits for a successful retirement.
Highlighting SUI's impressive performance, Archie pointed out that the token has managed to stay afloat amid the broader market correction, with minimal price drops. According to CoinGecko, SUI's price has dropped over 10% in the last 7 days, currently trading around $4.2. Despite the downturn, the token has shown resilience compared to others in the top 100, which have seen double-digit losses.
Archie's analysis reveals that SUI has become his largest altcoin holding, surpassing other significant investments like Casper. What's particularly noteworthy is that he has allocated 90-95% of his net worth to crypto, showcasing his strong conviction in SUI's potential.
Drawing parallels to the previous bull run, Archie compares SUI's current market position to Solana's journey. While he expects SUI to follow a similar growth pattern, he acknowledges that the multipliers might be more modest this time around.
"I think SUI is following a very similar path to Solana. It might not do 200x from here, but it could definitely do 10x. Maybe even 20x if we're being very optimistic. But I think anything less than 5x would be a disappointment."
Highlighting the interest from crypto's "elites" in SUI, Archie mentioned that it's often being referred to as the "chosen one" for this bull cycle. Its presence on major exchanges, such as Binance and Coinbase, further indicates strong buying pressure and sustained demand.
"Everyone seems to be buying SUI. It's funny because I remember when everyone was talking about Cardano being the chosen one last bull. And then everyone forgot about Cardano and moved on to Solana. But now everyone seems to be back on the chosen one train. And this time, it's SUI."
Unlike many blockchain projects that lack real activity, SUI boasts a thriving ecosystem. The recent Phantom wallet integration and numerous active projects demonstrate its growing adoption. For those who might have missed the initial SUI opportunity, Archie suggests exploring investments in its ecosystem projects, including decentralized exchanges, lending platforms, and even meme coins.
"If you missed out on SUI, I would still recommend looking at some of the projects building on SUI. There are some decentralized exchanges, lending platforms, and even meme coins that could still do well."
Looking ahead, Archie projects SUI's price could reach between $20 and $40 by mid-2025, following the traditional four-year market cycle.
"I think SUI could easily reach $20 or even $40 by mid-2025. But remember, this is just my opinion. And it's always best to do your own research before making any investment decisions."
Archie emphasizes the importance of timing in his retirement strategy. He anticipates the crypto market will reach its peak around mid-2025, suggesting this as the optimal window for major profit-taking.
"I'm planning to start taking profits when SUI crosses the $20 mark. And I'll gradually increase my sell orders up to my target of $40. This way, I can avoid the common pitfall of holding too long and missing the optimal exit window."
His approach involves a staged exit strategy. Rather than trying to catch the absolute top, he plans to start taking profits when SUI crosses the $20 mark, gradually increasing his sell orders up to his target of $40. This method, he explains, helps avoid the common pitfall of holding too long and missing the optimal exit window.
"I also want to emphasize the importance of having an exit strategy, especially if you're planning on crypto being a major part of your retirement savings. We're likely heading into a bear market in 2026, so it's best to be mostly in stable assets by late 2025."
The YouTuber concludes by suggesting that investors should be aware of the upcoming bear market and adjust their strategies accordingly. He highlights the need for a balanced approach, considering both market cycles and individual investment goals.
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