4 Major Reasons Why SUI Crypto May Lead Crypto Market Rally

This development might trigger a situation where Bitcoins bullish performance could positively impact Sui.

Worth noting is that increased Bitcoin inflows could drive demand for SUI which is used as gas fee for transaction and staking.

A growing demand for SUI could trigger a spike in value leading to a rally as predicted by van de Poppe.

Institutional Interest and SUI Crypto ETF Filing Spark Bullish Sentiment

According to the market analyst, Sui crypto could rally towards an all-time high (ATH) based on institutional demand for a spot SUI exchange-traded fund (ETF).

Primarily, a Sui ETF would allow traditional investors to gain exposure to SUI. This could translate to more capital inflow to the network and increased demand which might lead to value appreciation.

Canary Capital Group in mid-March 2025, filed the first application with the Securities and Exchange Commission (SEC) seeking to launch an ETF tied to SUI.

There has also been interest from other asset managers like 21Shares. Interestingly, after the filing, SUI witnessed a price surge as the market reacted positively to the news.

This supports van de Poppes prediction that Sui could hit an ATH while riding on the back of these factors.

As of press time, SUI price was changing hands at $3.34, representing a 4.18% increase in the last 24 hours. There has also been a significant spike in trading volume by 38.37% to $710.48 million.

Market analysts project that in the short term, SUI could rally to $8.85, reversing its current ATH of $5.35, set in January 2025.

This largely depends on the ability of the ecosystem to sustain the current momentum.