Is Sui Going to $9? 3 Reasons

Trump’s DeFi platform World Liberty Financial has partnered with the Sui Network. This puts Sui on the map for a much broader audience. Part of this partnership is that WLFI will add $SUI to its treasury. This way, Sui will appear on the radar of a lot more non-crypto people.

And it doesn’t stop here. Canary Capital registered for a SUI ETF in Delaware. This indicates that a $SUI spot ETF may not be far away. There’s one more reason why I can see $SUI heading for a $9 price tag. Keep watching to find out.

Sui Network ($SUI) Partners with Trump’s DeFi Platform World Liberty Financial

Spokespersons for the Sui Network mentioned that World Liberty Financial approached them. WLFI likes their technology. Sui is flexible and has a scalable design. It’s also fast, secure, and easy to onboard. WLFI also sees how it can play a pivotal role in the current financial landscape. 

In other words, connect CeFi and DeFi. That’s also where WLFI’s ambitions are. Sui’s tech is in a prime position to help in this field. That’s why both teams are currently working on a deeper partnership.

As a result of this partnership, WLFI will add $SUI to its portfolio. The two teams will also work together on product development. 

Interestingly, Eric Trump mentioned back in January that he holds $SUI. Sui was also a major sponsor of the Trump team’s “crypto ball”. This took place during his inauguration. The signs were on the wall. You also shouldn’t forget that $SUI is a “Made in USA‘ coin.

Sui now joins a select group of projects that are in WLFIs portfolio. This should mean broader adoption for the network. WLFI’s long term plans are DeFi related, a sector in which Sui excels. More on this in a moment.

This is big news for the Sui Network. It’s also only the beginning. During the next couple of days and weeks, you can expect more Sui and WLFI related news.

As a result of all this, we saw the $SUI price jump a bit. It went from $2.58, earlier today, to the current price of $2.80. You can also check our article about this partnership that we published yesterday.

Is a $SUI Spot ETF in the Making?

Adeniyi Abiodun is one of Sui’s co-founders. But it’s also nice to see that he, and other key staff, are busy on X. He mentioned a $SUI ETF only a few days ago in a post. Now, this is what I call swift delivery!

And here we are. Canary Capital filed to establish a trust for a SUI-based ETF in the US state of Delaware. 3 This proposed ETF is an initial step towards SEC registration and approval.

We already have Bitcoin and Ethereum spot ETFs. There’s also a queue with new spot ETF applications. $XRP, Solana, and Litecoin are likely candidates. Now we can add $SUI to this list.

This is not the first time that institutions are eyeing Sui. Sui already has, for instance,

• A partnership with Franklin Templeton. Franklin Templeton Digital Assets has been investing in the Sui ecosystem. This will encourage new novel technologies to develop on Sui.
• Investment firm VanEck launched a new product representing SUI! This gives their customers access to the Sui network.
• The Grayscale Trust for accredited investors.
  

So, as you can see, institutional interest for Sui is real. Combine this with the previously mentioned WLFI partnership. It clearly shows that Sui is making all the right moves.

Sui’s DEXes Are on Fire

Sui’s DeFi ecosystem is also on fire. Especially the Sui DEXes. The Sui chain ranks as ninth, measured by TVL, between all other chains. So, let’s take a closer look at some of Sui’s top DEXes.

CETUS ($CETUS)

This is the market-leading DEX on Sui. It has a $137 million daily volume and $171 million in TVL. We recently covered Cetus in our Top Sui Ecosystem video. Check the link here. Cetus operates on both Sui and Aptos.

Cetus offers a novel approach with a concentrated liquidity model. This allows you to add liquidity within custom price ranges. Other DEXes tend to distribute your liquidity uniformly. It also offers limit order and DCA options. Cetus also offers a staking program that gives you $xCETUS in return. Its current APR is 41%. Cetus also uses Deepbook in the background. Check out their $CETUS token.

BlueFin ($BLUE)

Bluefin is a DEX but uses an orderbook. It also offers perps trading, which always seems to attract traders. Its daily volume is around half of that of Cetus, at $65 million. We also saw the recent $BLUE TGE and airdrop. Bluefin also uses Deepbook. 

Turbos Finance ($TURBOS)

Turbos Finance ($TURBOS) ranks as third in daily volume. It hits around $9 million per day. It’s an interesting platform, with a small market cap of only $2.5 million. This project has great growth potential.

DeFi will only grow its influence in the Sui ecosystem now that it’s partnering with WLFI. Have you tried any of Sui’s DeFi protocols?

Still $9 would be a 3x from here and a 200% ROI. The growth prospects are there, but can it get there this cycle?

So, what’s your take? Will $SUI get to a $9 price? Let me know in the comments what $SUI price you expect.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Sui.

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