Sui (SUI) Price Prediction 2024-2025: Will SUI Bounce Back From the Current Market Downtrend?

In 2024, Sui (SUI) was one of the leading emerging blockchains, poised to take a portion of the market share from Ethereum (ETH) and Solana (SOL).

In 2024, Sui (SUI) emerged as one of the promising new blockchains, aiming to capture a share of the market dominated by Ethereum (ETH) and Solana (SOL).

According to Adeniyi Abiodun, Co-Founder of Mysten Labs and Head of the Sui chain development team, the chain recently outperformed ETH and SOL in terms of net inflows.

Artemis data showed that Sui had a significant lead in inflows, outflows, and net flows over the past seven trading days.

Artemis data showed that Sui had a significant lead in inflows, outflows, and net flows over the past seven trading days. As per the weekly charts, it had more inflows than Solana.

At the time of writing, its month-to-date (MTD) net inflows were $19.3 million, compared to Solana's $12.3 million.

Despite the surge in interest, SUI's market positioning was largely neutral, reflecting the overall market sentiment ahead of the US elections.

On Binance, top traders' long positions had a slight majority (51%), while short positions accounted for nearly 49%. The small difference indicated that the market could quickly shift in either direction, depending on the election outcome.

However, strong support on the price chart above $1.6 triggered a price rebound in September and October.

If SUI sustains its recent price action, the pattern could see the token bouncing off the trendline resistance around $2.

This would mark a 16% potential recovery from the $1.6–$1.7 support zone.

Sui price prediction for 2024 and 2025

Earlier this year, SUI reached a record high of $2.18, but the price declined afterward due to volatile market conditions. However, many expect its price to increase by year-end following the Federal Reserve's rate cuts and changes to its roadmap. The project is set to receive several major updates that will enhance its functionality and appeal to developers and users.

Moreover, the Sui blockchain processed 2.14 billion transactions in 2024, outpacing Ethereum, Polygon, and Tron. This positions the token to potentially capitalize on the increased traffic as the year progresses. SUI's unique data model will enhance the likelihood of this. This was built using Move, a secure programming language that addresses the limitations of existing blockchain systems.

Our Sui price prediction for 2025 is focused on further growth in its network transactions, with the platform potentially crossing 5 billion transactions. This could occur as more decentralized applications (dApps) are built and launched on the platform. Also, as global interest rates continue to fall, more investors will be able to allocate funds to high-potential cryptocurrencies like SUI.

When comparing Sui to its competitors, one of its main selling points is its robust and user-centric platform. This environment, with its wide range of capabilities, is set to attract more users to the network. The goal in addressing this is to streamline the customer journey when interacting with Web3 and blockchain products—a major pain point for newcomers.

If SUI continues on its upward trajectory, its average price could increase by 28.51% from the current levels, reaching $2.43 by the end of 2025.