Continue Stable, SUI Prices Predicted to Increase More?

Bittime - Andrew Kang, co-founder of Mechanism Capital, revealed several factors that make him believe that SUI will be increasingly sought after by crypto investors. Read this article to find out the full news!

Support from Raoul Pal for SUI

Source: Twitter.com/RaoulGMI 

One of the main reasons stated by Andrew Kang was the support provided by Raoul Pal, a popular figure in the world of crypto investment and founder of Real Vision. 

Raoul Pal, who is also on SUI's advisory board, has published a series of posts supporting the project. Support from well-known crypto figures certainly increases SUI's credibility and profile in the eyes of investors and the crypto community.

Raoul Pal has previously been known for his accurate predictions and analysis of the crypto market, so his support for SUI cannot be ignored. This could be a signal that SUI has great potential to become one of the promising Layer 1 public blockchains.

Over-the-Counter (OTC) Transaction Requests

Another reason stated by Andrew Kang is the demand for large Over-the-Counter (OTC) transactions in the market. OTC allows buyers and sellers to conduct large transactions privately, so market prices are not affected by large volumes being traded.

OTC transactions are often undertaken by large institutions seeking to accumulate assets without generating significant volatility in the open market. This demand for OTC transactions could be an indicator that there is increasing interest in SUI.

Read Also: SUI Blockchain integration with Zero Hash

SUI Price Remains Stable During Massive Token Unlock

Source: Bittime.com 

Even though there was a massive token unlock, SUI token holders continued to show strong resilience. Usually, a large unlock like this can cause a price drop due to significant selling pressure. 

However, SUI prices remained stable and even showed a positive trend. Based on today's Bittime market, the SUI token price has increased by 2.82%. When this article was written, SUI tokens were trading at numbers Rp14,609 or about $0.91. 

Read Also: Sui Announces 32 Winners of Sui Overflow Hackathon!

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is 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 make sure that 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. 

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