A notable crypto analyst in the crypto world predicts that Sui (SUI) will be the best performing altcoin in the next market cycle. This claim shows that the analyst believes Sui can achieve great success in the future.
Guy Turner, host of the Coin Bureau channel, argues that Aptos (APT) rival Sui (SUI) has the ability to outperform other digital assets in the next bull market.
“SUI could very easily become one of the top performing cryptocurrencies in the next cycle.”
While crypto analyst Turner has long-term bullish prospects for Sui (SUI), he adds that the project may face “significant” selling pressure during the three-stage token unlock process that will take place between November and May 2025.
The token unlock process is a period during which the tokens allocated to the early investors of the project and the team will be released. This process is usually necessary for a project to provide liquidity in the market. However, unexpected selling pressures may arise during this time.
According to Turner, this unlocking process for the altcoin could result in the release of large volumes of SUIs, which could lead to a temporary price drop.
“A massive token will be unlocked in November this year, in May next year, and in May 2025. This could cause significant selling pressure considering SUI (Andreessen Horowitz) was sold for $0.03 and other crypto (venture capital firms) for $0.10. Selling pressure is also possible given that they have similar prices from normal people participating in SUI token sales on KuCoin, OKX and Bybit.”
Koinfinans.com As we reported, this selling pressure could cause panic selling among short-term investors. However, Turner still sees Sui’s potential as high in the long term and considers this selling pressure to be temporary.
Besides, Turner claims that despite the high interest in SUI, its price is still relatively low. According to the analyst, the altcoin’s stagnation may be due to its launch during a bear market:
“Despite the apparent interest in SUI, its price has not performed well so far. SUI’s situation in the face of this situation; The project is brand new and launched in the middle of the crypto bear market. SUI’s focus on Asia could also push the price higher as Hong Kong enacts crypto regulations for retail investors on June 1st.”
SUI is trading at $1.23, up over 10% over the past 24 hours.
You can follow the current price action here.