SUI skyrockets by 70% in a month, driven by Grayscale's massive investment and Parasol's integration into gaming. Can this revolutionary blockchain reach $5 by end of 2025? Let's unravel the key drivers behind this crypto success story.
The cryptocurrency Sui (SUI) is experiencing a surge with a spectacular increase of +6.34% in the last 24 hours, continuing an upward trend that has seen its price soar by over 70% in the last month. This exceptional performance propels SUI to the 11th position in the global cryptocurrency rankings with a market capitalization now exceeding 10.95 billion euros.
The news that is shaking up the market came less than 8 hours ago: Grayscale, one of the world’s largest digital asset managers, has officially announced its support for the Sui network. This strategic decision comes as the price of SUI has already surpassed historic highs, surpassing the symbolic mark of $3.83.
According to analysts, this massive investment by Grayscale, estimated at over $10 million, marks a decisive turning point for the institutional adoption of Sui. “This is an extremely strong signal sent to the market,” explains a cryptocurrency expert. “When a player of this caliber commits so clearly, it usually triggers a wave of institutional investments that could propel SUI to new heights.”
Sui stands out for its revolutionary blockchain technology focused on objects and its Move programming language, enabling ultra-fast transactions (up to 297,000 TPS in a test environment), enhanced security, and unique capabilities for NFTs and digital assets.
Another major factor in this skyrocketing rise is the recent integration of Parasol into their ecosystem. This strategic collaboration, announced just 22 hours ago, significantly enhances the infrastructure of blockchain games on Sui, stimulating developer interest and expanding the platform’s global reach.
“This initiative positions Sui as an undisputed leader in enhancing the gaming sector with advanced blockchain solutions,” comments a GameFi specialist. “The gaming market represents billions of dollars, and Sui is now ideally positioned to capture a significant share.”
Trading volumes on major platforms testify to this growing enthusiasm. On Binance, the token recorded an impressive volume of 283 million euros in the last 24 hours, with a nearly 25% increase in the overall volume.
The recent launch of Sui Trust constitutes another major catalyst for this spectacular surge. This initiative, strengthened by a strategic collaboration with xPortal for Mastercard payments, has led to a staggering 38% increase in Total Value Locked (TVL) within the Sui ecosystem.
“Sui Trust demonstrates Sui’s strategic expansion into traditional financial services,” explains Thomas Mercier, founder of DeFi Insights. “This gateway between traditional and decentralized finance opens up immense possibilities for the widespread adoption of SUI as a benchmark asset.”
On-chain data confirms this trend with a significant increase in daily active addresses and transactions on the network, indicating growing adoption by users.
Given this series of positive developments, many experts are revising their forecasts upward. Some technical analysts now mention a price target of $5 by the end of the year, representing an additional increase of nearly 50% from current levels.
The combination of institutional adoption, expansion in gaming, and DeFi innovation creates a “triple effect” that could propel SUI to new historic highs in the weeks ahead.
From a technical perspective, the token has broken a resistance and could head towards $4.10 in the coming days. A bearish divergence in the 4H RSI is starting to form, signaling potential buyer exhaustion. RSI and CMF will need to be closely monitored in the days ahead.
For investors looking to position themselves in SUI, several options are available. The cryptocurrency is available on major exchange platforms like Binance, Coinbase, Bybit, and Bitget.
Buying this token on Bitget is simple and fast. Here are the key steps:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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