Why is SUI Going Up Today? Pokémon Hype, Mastercard and ETF Buzz
The SUI Coin price is creating huge market movement today. As per CoinMarketCap, the token was trading around $3.61, up from approximately a 5% gain in 24 hours. Its total worth in the marketplace (market capitalization) stands at $11.75 billion, and trading volume in 24 hours totals a whopping $3.01 billion. The coin only in the previous week has been up by a whopping almost 70%, registering high momentum.
Source: CoinMarketCap
Why is SUI Going Up Today?
Whispers of a Pokémon Collaboration: Its rally got a major boost after rumors spread about a possible collaboration with Pokémon. Recently, Pokémon HOME updated its privacy rules to add Parasol Technologies, a company owned by Mysten Labs, as an approved developer. This caused excitement about NFTs coming to the network.
Adding to the buzz, a deleted blog post allegedly mentioned Pokémon NFTs. Although Nintendo, The Pokémon Company, and Mysten Labs haven’t made anything official yet, the market is reacting to the possibility of Pokémon entering Web3 through the token.
Partnership With Mastercard: Another big reason behind the altcoin price pump is the launch of a virtual Mastercard. Sui partnered with xPortal and xMoney to create a crypto card that lets people spend their tokens directly through Apple Pay and Google Pay.
Source: X
This is a big step to making crypto spending easier in everyday life. The card helps users manage both crypto and normal money easily using the xPortal app.
New Financial Products Like ETF and Grayscale Trust: Institutional interest is growing too. Grayscale has launched the Grayscale SUI Trust, giving big investors a way to get exposure to the crypto without buying it directly. Also, 21Shares has filed for a SUI ETF in Delaware, USA. These moves could make it easier for traditional investors to invest in crypto in the coming months.
SUI Price Prediction: What’s Next for This Altcoin?
The recent move from around $2.00 (in early April) to $3.60 shows how strong the altcoin's momentum has been. In just 20 days, it gained more than 70%. The token has already broken a key resistance level at $3.00, and new support has built around the same level.
Source: TradingView
Bullish Case: If buying pressure stays strong, Its price could quickly target $4.20 to $4.50 by early May. If the momentum keeps up and Bitcoin dominance stays healthy for altcoins, reaching $5.00 by mid-May 2025 looks very possible.
Bearish Case: However, if It faces a sell-off near $4.00, it might drop back to $3.00 or even $2.75 before trying to climb again.
Long-Term Prediction: In a full bull run, It could even hit $11.00 between October and December 2025, as per Coingabbar analysts. At the moment, the altcoin holds the 11th spot in terms of market cap, just below TRON (TRX). If the momentum continues, Sui has a real chance to soon move ahead of big names like TRON and Cardano.
However, this is just an analysis, and the investors are advised to do thorough research before investing.
Conclusion
Sui’s strong price growth is being driven by a mix of altcoin market recovery, Pokémon partnership rumors, real-world crypto spending options with Mastercard, and new investment products like the Grayscale Trust and the ETF. Although there’s still uncertainty, especially around the Pokémon news, the overall trend for the token looks very promising.
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