SUI Price Hits All-Time High – But Questions About Valuation Remain

Quick Summary:

Investors are noting SUI’s growing position in the DeFi market, with SUI projections showing a continuous positive trend and a whopping 240% increase over the next three months, $SUI passes $DOT.

In fact, some analysts are questioning whether there is a justification in the prevailing market capitalization of the token to its real fundamentals.  The rising value has sparked a debate because people are trying to measure SUI’s market capitalization in order to come up with underlying problems.

SUI market cap currently at $5.6 billion.Chart: TradingView.com Comparison Of Fully Diluted Valuation The complexity of SUI’s current condition is exacerbated by its Fully Diluted Valuation.The FDV of SUI is $1.2 billion, far lower than Solana’s $4.7 billion.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Cryptocurrency Market News SUI Network SUI Altcoins SUI Foundation Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 01:00:49 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23095483

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