Guy Turner, host of the popular Coin Bureau channel, believes Sui (SUI) has significant long-term potential.
Reasons for Optimism
According to Turner, Sui has several factors that make it appealing to retail investors:
- Low price point, offering the illusion of large gains
- Relatively small market cap, allowing for easier price movement
- Accessibility on major exchanges
Short-Term Concerns
However, Turner also cautions that Sui’s short-term outlook is bearish, based on metrics such as:
- Declining total value locked (TVL)
- Reduced number of on-chain transactions
Conclusion
While Sui shows promise in the long run, Turner advises investors to be aware of the current bearish sentiment in the altcoin market. This could lead to further price declines for Sui in the near term, despite potential easing of supply-side pressures.
