This Altcoin Could Be One of the Best Performing Crypto Assets in the Next Cycle, According to Coin Bureau

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A widely followed crypto analyst claims that an altcoin has the potential to be one of the best performers in the next market cycle.

In a new video update, Coin Bureau host Guy Turner says Aptos (APT) competitor Sui (SUI) has the ability to outperform other digital assets in the upcoming bull market.

SUI could very easily become one of the best performing cryptocurrencies in the next cycle.

While Turner is long-term bullish on SUI, he says the Layer 1 project could also come under significant selling pressure during its three token unlock phases, which run between November and May 2025.

There will be a massive token release in November this year, May next year, and May 2025. This could lead to significant selling pressure, given that SUI was sold for $0.03 a pop at (Andreessen Horowitz) and $0.10 a pop to other crypto (VC firms). It is also possible that there was selling pressure from regular folks who participated in the SUI token sales on KuCoin, OKX, and Bybit, given that they got it at similar prices.

Turner goes on to say that despite the great interest in SUI, its price is still relatively low.

According to the analyst, SUI’s slump could be because it was released during a bear market, and its price is expected to rise once Hong Kong starts adopting crypto guidelines for retail investors.

Despite the apparent interest in SUI, its price has so far not performed well. In SUI’s defense, the project is brand new and launched in the midst of a crypto bear market. SUI’s focus on Asia could also boost the price once Hong Kong introduces its crypto regulations for retail investors on June 1.

SUI is trading at $1.22 at the time of writing, a gain of more than 10% in the last 24 hours.

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Feature image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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