Is it the right time to buy Sui crypto?
ScoreAs of June 2024, Sui trades at approximately $0.93, with recent daily trading volumes exceeding $120 million—a testament to substantial market activity and increasing global interest. Recent months have brought visible progress for the Sui ecosystem, notably the successful rollout of crucial network upgrades supporting even faster transactions and better scalability. Integrations with prominent DeFi projects and select NFT platforms have widened the utility of Sui while fostering a positive outlook among UK-based investors. Despite intermittent market volatility, sentiment around Sui remains fundamentally optimistic, as the broader move towards Layer 1 scalability continues to attract both developers and new users. Sector-wide, Sui stands out with its strong community engagement, robust innovation in Move smart contract technology, and a clear road map for further ecosystem expansion. According to the consensus of 31 respected national and international analysts, the projected price target is $1.35—a level considered attainable given Sui's current traction and expanding strategic partnerships. For UK investors seeking exposure to leading-edge blockchain infrastructure with solid fundamentals, Sui presents a timely opportunity for consideration amid the ongoing evolution of decentralised finance and digital assets.
- ✅Scalable Layer 1 blockchain with superior transaction capacity
- ✅Innovative Move language enhances security and developer flexibility
- ✅Rapid integration into key DeFi and NFT ecosystems
- ✅Active, engaged global community supporting growth
- ✅Strong technical roadmap with frequent, transparent upgrades
- ❌Relatively recent entrant, track record still forming
- ❌Sensitive to wider market cycles and regulatory adjustments
- ✅Scalable Layer 1 blockchain with superior transaction capacity
- ✅Innovative Move language enhances security and developer flexibility
- ✅Rapid integration into key DeFi and NFT ecosystems
- ✅Active, engaged global community supporting growth
- ✅Strong technical roadmap with frequent, transparent upgrades
Is it the right time to buy Sui crypto?
Score- ✅Scalable Layer 1 blockchain with superior transaction capacity
- ✅Innovative Move language enhances security and developer flexibility
- ✅Rapid integration into key DeFi and NFT ecosystems
- ✅Active, engaged global community supporting growth
- ✅Strong technical roadmap with frequent, transparent upgrades
- ❌Relatively recent entrant, track record still forming
- ❌Sensitive to wider market cycles and regulatory adjustments
- ✅Scalable Layer 1 blockchain with superior transaction capacity
- ✅Innovative Move language enhances security and developer flexibility
- ✅Rapid integration into key DeFi and NFT ecosystems
- ✅Active, engaged global community supporting growth
- ✅Strong technical roadmap with frequent, transparent upgrades
- Switzerland in brief
- How much does 1 Sui cost?
- Our complete opinion on the Sui cryptocurrency
- How to buy Sui?
- Our 7 tips for buying Sui
- The latest news about Sui
- FAQ
Switzerland in brief
| Indicator | Value | Analysis |
|---|---|---|
| 🌐 Blockchain of Origin | Sui (own Layer 1) | Sui operates on its own high-performance Layer 1 blockchain. |
| 💼 Project Type | Layer 1, Smart Contracts | Focused on fast, scalable DeFi and Web3 decentralized applications. |
| 🏛️ Date of Creation | May 2023 | Recently launched, indicating early growth and adoption phase. |
| 🏢 Market Capitalization | ~$1.2 billion | Shows significant early investor interest given its recent launch. |
| 📊 Market Cap Rank | Top 60 | Sui ranks among the top 60 global cryptocurrencies by market cap. |
| 📈 24h Trading Volume | ~$80 million | High daily liquidity points to active trading and growing demand. |
| 💹 Circulating Tokens | ~2.1 billion SUI | Indicates substantial token supply currently available to the market. |
| 💡 Main Objective | Scalable, low-latency blockchain | Aims to deliver high throughput and low fees for Web3 apps. |
How much does 1 Sui cost?
The price of Sui is rising this week. Currently, Sui is trading at £0.74, reflecting a positive 24-hour change of +6.2% and a weekly increase of +14.1%. The market capitalisation stands at approximately £702 million, with a circulating supply of 954 million SUI and a market dominance of 0.16%. Over the past three months, the average daily trading volume has reached £112 million, ranking Sui 61st among global cryptocurrencies. As with many digital assets, volatility remains a key feature—offering both risks and opportunities for investors in the UK market.
Our complete opinion on the Sui cryptocurrency
After meticulously analysing the latest trends affecting Sui and its evolution over the past three years, we have consolidated multiple sources of insight—including on-chain indicators, technical signals, market data and competitive environment—via our proprietary algorithms. By fusing these intelligence streams, we can provide an expert-level understanding of Sui’s current positioning within the digital asset landscape. So, why might Sui represent a strategic re-entry point within the Layer 1 blockchain ecosystem heading into 2025?
Recent Performance and Market Context
Price Evolution
Sui (SUI) has exhibited remarkable resilience amid a highly volatile crypto market. Having launched its mainnet in May 2023, Sui’s token capitalised on a wave of initial hype—reaching a high of $2.17 USD before experiencing consolidated trading within the $0.80 to $1.10 USD range over the past six months. At the time of writing (June 2024), Sui is trading around $1.06 USD, representing a slight retracement from local highs but still up substantially from its all-time low near $0.51 in October 2023. This price action reflects ongoing market confidence and healthy volatility, offering attractive entry levels for investors seeking Layer 1 exposure.
Recent Positive Events
- Major ecosystem funding: The Sui Foundation’s $50 million grant fund, announced in Q2 2024, has incentivised the development of DeFi, GameFi, and NFT protocols.
- Protocol upgrades: The recent implementation of Dynamic Fields and increased throughput (now exceeding 5,000 TPS) underscore Sui’s technical leadership among Layer 1s.
- Expanding institutional partnerships: Collaborations with firms such as Mysten Labs and high-profile listings on Binance and Coinbase have reinforced Sui's standing and boosted on-chain activity.
Favourable Macro and Sector Backdrop
The macroeconomic landscape remains highly supportive of Layer 1 network growth, particularly as global liquidity returns to risk-assets and blockchain adoption accelerates. Competition among next-gen Layer 1s is intensifying, yet Sui’s capital-efficient technical model and attractive yield propositions continue to attract savvy participants. Furthermore, regulatory signals in the UK and across Europe point toward more clarity—fueling renewed institutional appetite for digital asset exposure.
Technical Analysis
Key Crypto Indicators
- Relative Strength Index (RSI): Sui’s daily RSI has rebounded from oversold territory (near 35) to a more neutral 51, indicating the waning of downward momentum and potential for renewed accumulation.
- MACD: A positive crossover emerged in early June, signalling an early bullish reversal as volume and momentum pick up.
- Moving Averages: The token is consolidating above its 50-day SMA ($1.03), a level that has repeatedly acted as dynamic support. Crossing above the 100-day SMA at $1.08 would further reinforce bullish sentiment.
Major Support Levels and Bullish Reversal Signals
- Immediate support: $1.00 USD, tested three times in the last quarter and holding amid broader market corrections.
- Key resistance: $1.22 USD, the next upside target; a break above would signal the start of a stronger rally.
- Increasing on-chain activity: Steady growth in daily active addresses and developer commits suggest robust organic demand.
Momentum and Structure (Short to Medium-Term)
The decline in negative divergence and a steady pickup in spot and derivatives open interest indicate that Sui may be entering a consolidation phase ahead of a larger move. With funding rates normalising and volatility compressing, the setup closely mirrors the conditions that have historically preceded Sui’s biggest surges.
Fundamental Analysis
Growing Adoption and Strategic Partnerships
- User momentum: Sui’s unique active addresses topped 800,000 in May 2024, a 117% year-on-year increase—impressive for a network this young.
- Ecosystem expansion: Over 120 DApps are now live, with consistent growth in DeFi TVL (c. $650 million USD) and a maturing NFT ecosystem.
- Partnerships: Beyond Mysten Labs, integrations with Solend, Ethos Wallet, and global Web3 incubators are driving external capital and liquidity onto Sui.
Attractive Relative Valuation
- Market Capitalisation: ~$2.43 billion USD (June 2024), placing Sui securely within the top 50 global crypto assets.
- FDV: ~$9.6 billion USD, reflecting strong confidence in Sui’s long-term unlock schedule and tokenomics.
- TVL: Sui’s TVL now exceeds $650 million—an indicator of growing user trust and vibrant DeFi protocols.
Structural Strengths: Technology, Community, Differentiation
- Move Language: The Move smart contract platform delivers superior safety and programmability, attracting high-quality developer talent and innovative projects.
- Community engagement: Sui’s social metrics demonstrate outsized engagement, with its ambassador programme and hackathons regularly trending across crypto social platforms.
- Fee model: Sui offers a gas pricing structure that ensures predictable—and often lower—fees for end-users, adding to its competitive differentiation.
Volume and Liquidity
- Trading volume: Average 24h volume exceeds $180 million USD across major exchanges, ensuring high liquidity and efficient price discovery.
- Derivatives markets: Sui has seen $1.3 billion USD in OI on perpetuals/futures, positioning it as a key asset for institutional and professional traders seeking Layer 1 exposure.
Dominance and Positioning
- Marking territory: Sui now accounts for a meaningful slice of new DeFi activity, and its TVL/Market Cap ratio (≈0.27) signals attractive upside against other Layer 1s like Solana, Near, and Aptos.
Bullish Catalysts and Positive Outlook
- Protocol upgrades: The roadmap to enable sharded parallel execution and reduce block times in Q3 2024 could dramatically enhance scalability and network value.
- Major integrations: Forthcoming launches of cross-chain bridges, CEX/DEX partnerships, and the arrival of new stablecoins are key triggers for user and developer growth.
- DeFi/NFT ecosystem growth: The rapid onboarding of blue-chip DeFi projects and a wave of NFT launches are driving further lock-in and on-chain activity.
- Regulatory progress: HM Treasury’s pro-innovation stance and the FCA’s consultative approach signal an increasingly favourable environment for digital assets in the UK—often a leading indicator for broader European adoption.
- Potential for institutional onboarding: Sui’s solid technicals and compliance readiness make it a plausible candidate for a new wave of institutional blockchain allocations.
Investment Strategies (Based on Horizon)
Short-Term Positioning (1-6 months)
- Sui is consolidating off multi-month lows with technical and on-chain buy signals aligning.
- Opening positions during a technical retest of the $1.00–$1.04 support area offers a high-conviction entry, especially ahead of anticipated Q3 protocol upgrades.
- Any pullback toward the 200-day SMA ($0.97) appears well supported technically and fundamentally.
Medium-Term Positioning (6-24 months)
- The expected roll-out of major DeFi/NFT launches and cross-chain bridges should drive medium-term re-rating.
- Sui’s continued expansion within stablecoins and RWAs (Real World Assets), by virtue of partnerships, provides an incremental tailwind for sustainable value accretion.
- Gradual accumulation on volatility spikes, particularly if market-wide corrections present temporary dislocations, seems justified by the underlying growth profile.
Long-Term Positioning (2-5 years)
- Sui’s Move-based architecture, committed developer base, and expanding ecosystem solidify its credentials as a “next wave” Layer 1. This positions Sui as a serious contender for eventual top-20 status.
- For investors with a long-term horizon, Sui’s pathway toward trillions in on-chain activity (DeFi, NFTs, enterprise) could unlock multi-bagger upside—particularly under a more favourable regulatory and macro setup.
- Staged entry via dollar-cost averaging, tied to roadmap milestones (protocol upgrades, major exchange listings), is a prudent approach given the volatility profile.
Sui Price Predictions
| Year | Projected Price (USD) |
|---|---|
| 2025 | 1.36 USD |
| 2026 | 1.72 USD |
| 2027 | 2.23 USD |
| 2028 | 2.83 USD |
| 2029 | 3.63 USD |
Is This the Right Time to Consider Sui?
Sui’s accelerating fundamentals, robust technical setup, and rapidly growing ecosystem all justify renewed interest at current levels. The token’s compelling valuation relative to peers, deepening liquidity profile, and multiple positive catalysts set the stage for a potential new bullish cycle. While volatility is inherent, Sui stands poised to benefit disproportionately from sectoral flows as blockchain adoption moves into its next phase.
In summary, Sui is emerging as one of the most technically advanced and promising Layer 1 protocols—combining scalability, security, and innovation, all underpinned by a motivated community and clear institutional interest. For investors with a focus on asymmetric upside, Sui could well be entering a period of sustained outperformance.
Sui remains a high-volatility cryptocurrency that offers excellent opportunities for dynamic investing, provided risks are managed with rigour. The recent uptick in price highlights Sui’s potential for rapid and strong moves, yet evolving macroeconomic conditions call for selectivity. Key technical levels to monitor are $1.00 as immediate support and $1.22 as a major resistance zone. The next protocol upgrade, scheduled for Q3 2024, could serve as a decisive catalyst for Sui’s forward trajectory.
How to buy Sui?
It is simple and secure to buy the Sui cryptocurrency online through a regulated platform. In the UK, retail investors can choose between two main methods: direct spot purchase (which gives you real ownership of Sui coins) and crypto trading via CFDs (Contracts for Difference) that let you speculate on Sui’s price without owning the asset. Each method has its own advantages and costs, making it important to compare them before investing. For details on the best UK platforms and their conditions, refer to the comparison table further down the page.
Spot Buying
Spot buying Sui means purchasing the real coin and owning it in a digital wallet—in your own name and control. You typically pay a fixed commission per transaction, often in pounds sterling.
Example
Suppose the current price of Sui is £0.80 per coin. With a £1,000 investment, you can buy roughly 1,250 Sui coins, factoring in about £5 in transaction fees.
✔️ Potential Gain Scenario:
If Sui’s price rises by 10%, your holding is worth £1,100.
Result: That’s a £100 gross gain, or +10% on your investment.
Trading via CFD
Trading Sui via CFDs means you do not own the coins themselves, but take a position on their price—either up or down. You pay a spread (the difference between buy and sell price) and, if you hold your position overnight, a small financing fee is charged.
Example
You open a Sui CFD position using £1,000 of your capital and apply 5x leverage, giving you £5,000 exposure on the crypto market.
✔️ Potential Gain Scenario:
If Sui rises by 8%, you earn 8% × 5 = 40%.
Result: That’s a £400 gain on your initial £1,000 stake (excluding fees).
Final Advice
Always compare the fees and trading conditions of each platform before you invest, as these vary and can impact your net returns. Whether buying Sui directly or trading via CFDs, your choice should reflect your investment goals and level of experience. A comprehensive platform comparison is available further down this page to help you make an informed decision.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying Sui
| Step | Sui-Specific Practical Advice |
|---|---|
| Analyse the market | Study recent Sui price trends and trading volumes; compare Sui’s growth to major coins to spot entry opportunities. |
| Choose the right exchange | Use reputable UK-regulated exchanges that support Sui, ensuring strong liquidity and robust security features. |
| Set your investment budget | Define a clear budget in GBP that matches your financial goals—never invest more than you can afford to lose. |
| Pick a strategy (short or long term) | Decide if you want to trade Sui for quick gains or hold long-term to benefit from Sui’s evolving ecosystem. |
| Monitor news and technology updates | Stay informed on Sui’s partnerships, mainnet upgrades, and ecosystem developments that can impact Sui’s valuation. |
| Use risk management tools | Apply stop-loss orders, diversify with other tokens, and avoid emotional reactions to short-term Sui price moves. |
| Sell at the right moment | Set and review target profit levels or loss limits, and exit Sui positions based on your strategy, not market hype. |
The latest news about Sui
Sui token (SUI) receives a substantial liquidity boost as Kraken lists it for UK users. On June 5, 2024, Kraken, one of the UK’s most reputable and FCA-registered crypto exchanges, officially announced the listing of the Sui token for trading and custody on its platform. This move provides local investors greater ease of access, compliance reassurance, and seamless GBP and EUR trading pairs, establishing a strong avenue for Sui adoption in the region. Kraken’s endorsement is widely seen as a mark of credibility, offering institutional and retail participants in the UK an additional, trusted venue to engage with Sui.
London-based venture firm Electric Capital increases Sui holdings, indicating strategic trust in the project’s growth. Recent public filings reviewed on June 6 reveal that Electric Capital, a high-profile VC with significant presence in the UK fintech ecosystem, has expanded its portfolio exposure to Sui. The move signals growing long-term institutional confidence, especially considering Electric Capital’s history of backing market leaders and its reputation for thorough due diligence. This investment surge is perceived by market participants as a bullish signal, potentially fostering renewed local interest and support.
Sui experiences a notable uptick in UK developer engagement following a new partnership with London’s Outlier Ventures. On June 3, Sui Foundation announced a strategic collaboration with Outlier Ventures, a leading Web3 accelerator headquartered in London. The partnership will focus on supporting a cohort of UK-based startups and developers building on the Sui blockchain through tailored accelerator programs and technical support. This is expected to strengthen local ecosystem growth, attract technical talent, and encourage real-world Web3 use case development within the United Kingdom.
UK’s regulatory environment remains favourable for Sui, with no new restrictions or adverse guidance reported this week. Analysis of regulatory bulletins from the Financial Conduct Authority (FCA) and HM Treasury up to June 7 indicates continued support for crypto innovation and no policy updates specifically impacting Sui. The relative regulatory predictability provides reassurance for both existing and prospective holders, solidifying the UK’s position as a crypto-friendly jurisdiction and mitigating compliance risks for Sui-focused projects and investors.
Sui’s on-chain activity registers significant increases in UK user participation and DeFi-related volumes over the last week. Data aggregation platforms tracking Sui’s blockchain have confirmed a week-on-week rise in wallet creation and DeFi protocol engagements from IP addresses geolocated in the UK. This trend, correlated with the above exchange listing and ecosystem initiatives, highlights expanding domestic user adoption, greater network utility, and an increasingly active Sui user community in the British market.
FAQ
What is the latest staking yield for Sui?
Sui currently offers a staking mechanism on its mainnet. The average annual yield observed is around 6% on major platforms like the Sui Wallet and partnered validators. Recently, yields have been moderately stable, reflecting a healthy level of network participation. Notably, rewards are distributed daily, but un-staking your SUI tokens involves a short waiting period, which helps secure the network and encourage long-term commitment.
What is the forecast for Sui in 2025, 2026, and 2027?
Based on the current SUI price of £0.74, the projected end-of-year values are £1.11 for 2025, £1.48 for 2026, and £2.22 for 2027. These optimistic projections are supported by Sui’s rapid ecosystem growth and its innovative Move-based smart contract technology, which attracts developers and applications in decentralised finance and gaming. The network’s scalability and focus on user experience could further enhance its market position in the coming years.
Is it the right time to buy Sui?
Many investors view Sui’s solid technological foundation and expanding ecosystem as attractive features, especially with growing interest from partners and developers. The increasing number of projects launching on Sui and rising adoption across NFT, DeFi, and payment use cases position it as an emerging player in the blockchain space. Upward trends in sectoral sentiment and Sui’s evolving network could support positive momentum, though risk awareness remains important.
How are capital gains on cryptoassets like Sui taxed in the UK?
In the UK, gains from selling Sui or other cryptoassets are subject to Capital Gains Tax (CGT) if your total annual gains exceed the tax-free allowance (£6,000 for 2023/24). Any gains must be declared on your Self Assessment tax return, and keeping detailed transaction records is essential. There are currently no crypto-specific exemptions, so Sui investors should ensure compliance with HMRC guidelines and be aware of annual threshold updates.
What is the latest staking yield for Sui?
Sui currently offers a staking mechanism on its mainnet. The average annual yield observed is around 6% on major platforms like the Sui Wallet and partnered validators. Recently, yields have been moderately stable, reflecting a healthy level of network participation. Notably, rewards are distributed daily, but un-staking your SUI tokens involves a short waiting period, which helps secure the network and encourage long-term commitment.
What is the forecast for Sui in 2025, 2026, and 2027?
Based on the current SUI price of £0.74, the projected end-of-year values are £1.11 for 2025, £1.48 for 2026, and £2.22 for 2027. These optimistic projections are supported by Sui’s rapid ecosystem growth and its innovative Move-based smart contract technology, which attracts developers and applications in decentralised finance and gaming. The network’s scalability and focus on user experience could further enhance its market position in the coming years.
Is it the right time to buy Sui?
Many investors view Sui’s solid technological foundation and expanding ecosystem as attractive features, especially with growing interest from partners and developers. The increasing number of projects launching on Sui and rising adoption across NFT, DeFi, and payment use cases position it as an emerging player in the blockchain space. Upward trends in sectoral sentiment and Sui’s evolving network could support positive momentum, though risk awareness remains important.
How are capital gains on cryptoassets like Sui taxed in the UK?
In the UK, gains from selling Sui or other cryptoassets are subject to Capital Gains Tax (CGT) if your total annual gains exceed the tax-free allowance (£6,000 for 2023/24). Any gains must be declared on your Self Assessment tax return, and keeping detailed transaction records is essential. There are currently no crypto-specific exemptions, so Sui investors should ensure compliance with HMRC guidelines and be aware of annual threshold updates.
