$SUI price prediction for this weekend:
According to Binance's price prediction, Sui is expected to stay around $2.20 ~ $2.25 without much volatility!
Two immediate price support levels for the short term:
1. $2.16 & 2. $2.07
Two immediate price resistance levels for the short term:
1. $2.29~$2.32 & 2. $2.37~$2.42
We should watch closely the price actions considering above support & resistance to decide what's going to happen next week.
As per the macro situation, after Powell's yesterday's comment, people feeling bearish about crypto after a significant rebound moves yesterday.
Sui growth rate over the last year:
Although $SUI launched only in 2023, it has seen an explosive increase in trading volume over a very short time. Early trading volumes were much lower (often in the hundreds of millions USD per month). Now, recent data shows that the 30‑day trading volume is in the ballpark of $27–40 billion USD. This indicates that monthly trading volumes have grown by several hundred percent since launch.
Sui’s Compound Annual Growth Rate (CAGR):
Considering the initial Price, $0.093 (around May 2023) and the current Price, approximately $2.25 (as of early April 2025), in about 1.92 years (from May 2023 to April 2025), the CAGR is 426% per year.
While the CAGR of other popular Altcoins for trading are:
Ethereum (ETH): Approximately 195% per year CAGR considering the initial price approximately $0.311 per ETH during its IC0, which ended on September 2, 2014 and the current price (as of April 5, 2025) ~ $1,812.02 per ETH and the time period approximately 10.6 years.
Solana ($SOL): Approximately 400% per year CAGR considering the initial Price about $0.04 per SOL at the seed sale and the current Price around $121 and the time period approximately 5 years (from early 2020 to April 2025).
Dogecoin (DOGE): Approximately 65% per year CAGR considering the initial price roughly $0.0004 per DOGE in late 2013 and the current price about $0.17 and the time period ~12 years (2013-2025).
Ripple ($XRP): Approximately 27% per year CAGR considering the initial price bout $0.10 per XRP (circa 2012) and the current price approximately $2.16 and the time period about 13 years (from 2012 to 2025).
Cardano (ADA): Approximately 59.39% per year CAGR considering the initial price around $0.02 at launch during its ICO in late 2017 and the current price approximately $0.66 and the time period ~7.5 years (from late 2017 to April 2025).
While Aptos (Apt) has a negative CAGR of -19.6% and Avalanche (Avax) got the CAGR 196% per year.
Clearly $SUI is leading among the popular Altcoins considering it's growth rate.