The Coin Bureau channel’s host, Guy Turner, has shared his price predictions for Sui (SUI), a competitor of Solana (SOL). In a video addressed to the channel’s 2.48 million subscribers, Turner expresses his belief in the long-term potential of Sui.

Explaining the reasons behind his optimistic outlook, Turner states, “[Sui] fulfills the criteria of a cryptocurrency that retail investors could be drawn to. It has a low price, which creates the perception of significant gains. Its market capitalization is lower than most large-cap cryptocurrencies, making it easier to influence its price. Additionally, it is easily accessible as it is listed on all major exchanges.”

Currently, Sui is trading at $1.03, which represents a decrease of approximately 53% from its all-time high of $2.17 in late March.

Turner mentions several metrics related to Sui, such as the total value locked (TVL) and the number of on-chain transactions, which indicate a bearish outlook for the Solana competitor in the short term.

“It is evident that many of these on-chain metrics suggest that demand is not moving in the right direction, which could spell trouble for Sui’s price. However, it is important to note that similar trends can be observed in almost every other cryptocurrency. As I mentioned earlier, interest in altcoins is currently quite low. This means that in the short term, Sui’s price is likely to continue declining, along with its demand-side metrics, even if the supply-side pressures ease.”

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