- Altcoin SUI dominance looks strong as analysts expect bullish surge.
- The price of SUI could pump parabolically to hit new ATH prices.
- How far will SUI surge this altseason peak phase?
The crypto market has yet to enter its bullish altseason phase for the ongoing bull cycle and analysts are trying to narrow down when this pump will occur, which altcoins will be affected, which will pump the most, and by how much they will pump. Presently, altcoin SUI is drawing attention as an analyst states that SUI dominance looks strong, and analysts expect a bullish surge for SUI price soon.
SUI Dominance Looks Strong as Analysts Expect Bullish Surge
So far, altcoins have seen a lackluster performance, likely due to the fact that altseason was delayed this bull cycle. This is because the price of the pioneer crypto asset, Bitcoin (BTC), went on to set a new ATH price before the Bitcoin Halving event, so, when Q1 following the Bitcoin Halving event traditionally ushers in that cycle’s altseason, the crypto market instead experienced a prolonged brutal market correction.
While that was disappointing at the time, analysts concluded that the correction was crucial and much needed, as BTC’s early pump created an unbalanced market, and the correction allowed the crypto market to settle into a much healthier beat. Thus, the price of BTC was able to hit much higher ATH prices in the quarters ahead. Meanwhile, during that correction, the price of ETH, the pioneer altcoin asset, went on to bottom, allowing it to set a new ATH as well.
During all these months, ETH’s steady price rise ignited bullish sentiment for altcoin prices to pump and usher in the peak altseason phase. The previous year, when BTC began to pump, a handful of altcoins went on to set new ATH price records. These included promising altcoins that were new to the market, such as FET, ONDO, and SUI. In fact, after the correction, the price of SUI rallied quickly and is now showing signs of hitting new ATH prices soon.
Altseason Peak Could Propel SUI Price to New ATHs Soon
Meanwhile, plenty of legacy altcoins like XRP, ADA, DOT, LTC, and DOGE have all been pumping steadily and showing strong signals for parabolic pumps soon. This signals a bullish rush in the months ahead for the price of altcoins to trigger altseason, especially promising altcoins like XRP, ADA, DOGE, SUI, and many more . Already, several reputed analysts are keeping a close eye on these promising altcoins.
As we can see from the post above, this reputed crypto analyst and altcoin enthusiast says that SUI dominance looks great and that the altcoin is looking ready to burst into a strong upward price pump momentum. He concludes by stating that new ATH prices lie ahead for SUI, while another statement states that SUI could 100x in Q4 to become the global coordination layer of the internet.
