SUI Just Flipped XRP in Institutional Inflows – What Happens Next Might Shock the Market (SUI Price Prediction)
Sui $SUI
(SUI) has gone up by 2% in the past 24 hours and currently sits at $3.88 as the token continues to make its way above the psychological $4 threshold.
SUI is the top-performing token of the top 10 (excluding stablecoins) with monthly gains of 71.9% as the launch of Grayscale’s SUI Trust and 21Shares’ submission of an application for an exchange-traded fund (ETF) has put the token in the crosshairs of institutional investors.
Data from CoinShares indicated this week what could be considered a major shift in the market’s investment choices.
Last week, SUI’s institutional flows nearly doubled those of XRP, while on a month-to-date basis, SUI-linked vehicles received $21 million in net capital inflows compared to just $8.6 million that XRP funds attracted.
This indicates that high-net-worth investors are becoming increasingly interested in the native asset of this Solana rival. This supports a bullish Sui price forecast in the mid to long-term.
Can SUI surpass Solana in terms of market cap and ecosystem total value locked (TVL)? In this SUI price prediction we look at the latest price action and on-chain metrics to analyze if this is a real possibility.
Sui Price Prediction: Bullish Breakout of Flag Pattern Could Lead to a Retest of SUI’s All-Time High
For Sui to make its way to the top of the crypto charts, it would have to capture a nascent trend like meme coins or find a way to steal some market share in this important category from its rival Solana.
In addition, popular decentralized finance (DeFi) applications that rely on the Sui network would have to be launched to attract additional capital.
It may be a while for Sui to overturn Solana’s dominance as the second-largest decentralized smart contracts platform despite its stronger technical capabilities.
However, the daily price action for SUI is quite bullish and could lead to a retest of its all-time high at $5 per token, as multiple bull flags