SUI Price Prediction: Can SUI surpass $8 in Altcoin Summer as Young Alt Token Emerges

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Sui (SUI) hit an all-time high on the 5th of December, following its milestone integration as the fourth altcoin supported by Phantom Wallet, next to Bitcoin, Ethereum, and Solana. Sui’s total value locked (TVL) reached over $1.72 billion the same day, reflecting the coin’s bullish sentiment.

Sui is showing steady strong movement at $4.10, its price climbing by 84.3% over the past 30 days. Meanwhile, the young altcoin JetBolt (JBOLT) is making waves in the crypto scene with its zero-gas technology. JetBolt’s impressive presale has already soared to over 100 million tokens sold.  

Can SUI surpass $8 in altcoin summer as young alt tokens like JetBolt emerge? Let’s explore further the exciting developments surrounding Sui price moves and the emerging altcoin JetBolt.  

Sui: Is hitting $8 a far-fetched idea?  

Sui (SUI) is currently trading at $4.08, slightly dipping in the last 24-hours despite having grown by 84.3% over the past 30 days. Sui’s market cap has reached over $4 billion as of writing.

7-day Price chart of SUI price fluctuations in early December as per data from CoinGecko website

Simultaneously, Sui’s total value locked (TVL) reached a record-high of over $1.72 billion on the heels of SUI’s integration by Phantom Wallet, signifying SUI’s growing mainstream adoption. Analysts have noted that the coin’s growing TVL is a clear indication of the health and vibrancy of its ecosystem. Sui’s TVL has remained above $1.4 billion since November 9, indicating a consistent capital inflow belying the strong support the network is enjoying.

SUI’s Relative Strength Index (RSI) currently stands at 66.59, indicating the token is slightly in the overbought territory. While Sui’s recent rally suggested a bullish momentum, it also faces critical resistance at $4.50. 

According to analysts, the SUI/USDT pair could drop to $3.94, then to the 20-day EMA at $3.66. If the price bounces off the 20-day Exponential Moving Average (EMA), Sui bulls may attempt to break the resistance at $4.50. If successful, the SUI/USDT pair could rise to $5.31 and Sui could continue its uptrend. However, from a technical point of view, analysts predict that while not impossible, it may take a while before SUI surpasses the $8 mark.

JetBolt: Emerging Alt Token with Zero-Gas Technology

While Sui is aiming to surpass $8, younger altcoins are rising in popularity in the crypto space such as JetBolt (JBOLT). With zero-gas technology, this young token offers crypto enthusiasts a game-changing feature that eliminates gas fees, an all-too-common cost that is seen as a hindrance by many blockchain users. 

JetBolt’s revolutionary zero-gas technology is a welcome treat to everyday users who can now enjoy blockchain transactions without the worry of hefty gas costs. For developers, this could fuel innovation across dApps, blockchain gaming, SocialFi, and Web3, making transactions and development more cost-effective than ever.

Additionally, JetBolt offers a user-friendly Web3 wallet that enables seamless and secure transactions, thanks to its WebAuthN protocol and face ID recognition feature. JetBolt also boasts another next-gen innovation, an AI-powered crypto content aggregation feature.

On the staking front, JetBolt infuses a fresh social twist with its SocialFi mechanism. Users can earn more as they are rewarded every time they stake and engage on the platform. This completely enhances on-chain staking experience by making it more fun.

During its ongoing presale, crypto users and whales can tap into JetBolt’s exclusive Alpha Boxes. For batch purchases, early adopters get to enjoy a bonus of up to 25% additional JBOLT tokens. Furthermore, JetBolt’s token price increases daily at presale.

With exciting presale perks and with focus on practical blockchain solutions, JetBolt is fast emerging as one of the next-gen alt tokens to watch out for in the coming months. 

Summary: Can Sui Surpass $8 in Altcoin Summer as Young Alt Tokens Emerge? 

The crypto market continues to bustle with growth as 2024 winds down. Sui has achieved a milestone by being the fourth altcoin to be supported by Phantom Wallet, joining the ranks of established coins such as Bitcoin, Ethereum, and Solana. Though faring steady and strong, Sui has yet to hurdle resistance at crucial price points to sustain its rally towards its $8 dream target in altcoin summer. 

Meanwhile, the rising altcoin JetBolt continues to shine with zero-gas technology and other Web3 innovative features. JetBolt—though still in presale—is showing to the crypto world that, armed with cutting-edge blockchain innovations, a young alt token can significantly disrupt the market, providing unique solutions that attract both crypto users and whales alike, and make an impact in the ever-evolving digital economy. 

To know more about JetBolt’s exciting features and ongoing presale, visit the official JetBolt website today. 

This article is not financial advice. Always conduct your own research before making a decision to buy or trade cryptocurrencies as they can all be risky and unpredictable.

*This article was paid for. Cryptonomist did not write the article or test the platform.