SUI Coin Price Prediction, Check Academy Crypto Analysis

Bittime - SUI Price Analysis according to crypto observer Crypto Academy on the occasion of Margin Call with Episode "Crypto Rungkad Entek-entekan" briefly discussed the movement of SUI prices. See the full analysis below.

Sui Shows Bullish Potential, Heading for $1 Breakout

Sui, one of the altcoins currently in the spotlight, shows relatively more bullish potential compared to other altcoins. Sui's price movement is heading towards $1, and this is of concern to traders.

On August 1st, Sui experienced a cliff unlock , which opened up an opportunity for investors to take new positions. With the recent positive signals, Sui's price continues to show signs of strengthening.

Currently, Sui price action is on a positive track, with a promising pattern for a breakout above $1. 

If the price manages to break through that level, the next short-term target is around $1.5. This is quite an interesting movement pattern for traders who are looking for profit opportunities from altcoins.

What is Cliff Unlock?

Cliff unlock is a term commonly used in the investment world, especially in the cryptocurrency and stock sectors, to describe the moment when a large number of previously locked or untradeable (vested) tokens or shares become available on the market. 

Typically, blockchain companies or projects do this locking to prevent large-scale selling or dumping by early holders, such as development teams or institutional investors, within a certain period of time after the project launch.

What is a Vesting Period?

This lock-up period is known as the “vesting period”, and when the lock-up time ends, it is called a cliff unlock . 

When a cliff unlock occurs, the tokens can start trading freely on the market, which can often cause price volatility due to the large number of tokens entering circulation.

Token Unlock Example

If a crypto project allocates tokens to its founders with a one-year lockup, after one year has passed, a cliff unlock occurs, and the founders can sell or trade their tokens on the market.

Cliff unlocks are often of concern to traders because they can affect the price of an asset, depending on how much token volume is released and how the market responds to the additional supply.

Positive Signals for SUI Price

One of the positive signals supporting Sui's price movement is its collaboration with Grill, a platform that helps launch new altcoin projects. 

This collaboration creates positive momentum for Sui and is one of the factors supporting the potential for wider adoption among cryptocurrency users.

Altcoin Market Differences Now Vs 2021

However, the current altcoin market conditions are different from 2021, where many small altcoins experienced sharp increases due to high transaction volumes. 

Currently, big players in the altcoin industry are focusing more on projects with large volumes and strong liquidity, which makes price movements more stable and measurable. 

However, altcoins like Sui still have a great chance to strengthen, especially if supported by positive signals such as collaboration with Grill and other projects.

Conclusion

While there is no certainty about the altcoin season in this cycle, history shows that altcoins often experience significant increases, even when Bitcoin is stagnant. 

Positive signals from projects like Sui provide hope that altcoins still have room to rise, especially for investors looking for short to medium-term opportunities.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.