#SUI Grayscale is optimistic about SUI, can the price increase be sustained? Grayscale highlights the use cases of the Sui network and has a positive outlook on the price of SUI.
Recently, SUI has become the market focus, with prices skyrocketing over 50% in a week. Grayscale's latest report is particularly optimistic about SUI, believing it is building key infrastructure that connects Web2 and Web3, covering innovative use cases such as cross-chain asset control and on-chain private AI data sharing.
Core reasons for the increase:
✅ Grayscale launched a SUI trust fund and may apply for a spot ETF in the future.
✅ Ecosystem expansion: collaboration with xPortal to launch a virtual Mastercard, enhancing payment usability.
✅ TVL surged 38% in a week, breaking through $1.64 billion, with DEX trading volume skyrocketing.
Analyst opinions:
📈 Crypto Patel: Long-term bullish, target $10-20.
📈 Rose: Technical breakout of the descending wedge, next target $4.8-6.1.
📈 Ledora: This cycle is expected to challenge $10.
Key question: Can the upward momentum be sustained? Market sentiment and ecosystem development remain crucial.
