In 2021, Solana $172 marked its significance, experiencing a remarkable comeback after the bear market downturn. Now, there is a spirited competition to identify the next SOL Coin contender. Beyond meme coins, the growing attention to smart contract platforms might prove beneficial for investors.
SUI Coin and Its Prospects
Among these burgeoning platforms is SUI Coin, offering substantial profit potential due to its relatively low market capitalization. Poppe, known for his preferred altcoins like LINK Coin, has now added SUI to his list. The analyst frequently highlights the potential within this sector, recently providing forecasts on both SUI and its ecosystem.
“SUI broke the trend upwards as its TVL nears a new ATH, with the ecosystem expanding due to Walrus’ latest listing. Additionally, $DEEP excelled last month, and SUI’s ecosystem is experiencing comprehensive growth, indicating a potential continuation towards all-time highs. I consider Sui a fantastic investment for upcoming years. Moreover, $WAL is among the top 85 DePIN protocols with a strong performance and a highly competent team.”
However, the possibility of “Poppe’s efforts to promote his investments” should not be overlooked. Analysts, like investors, enjoy portraying their projects as remarkable, hence investors should develop strategies based on thorough research and independent decision-making.
Altcoin Growth Predictions
Currently, altcoins are down by an average of 3%, while BTC price remains consolidated and ETH’s rise has stalled momentarily. During the same week, CNH/USD and ETH/BTC hit their lowest levels. As Russo-American conflicts show signs of resolution and with trade tensions in the U.S. easing, it seems like the ideal moment for crypto surges unless unforeseen circumstances arise from figures like Trump.
“Given the improvement in the business cycle and macroeconomic conditions, altcoins will start performing well.” – Poppe
DaanCrypto remarked that the altcoin market cap firmly holds above $840 billion, a critical domain moving forward.
“This is an essential zone to maintain moving ahead. If the price loses this area, it will likely revert to a lower peak, continuing the downtrend. Subsequently, we must follow the currently ascending lower timeframe trend. My plan includes invalidation below $840 billion and then engaging in level-by-level adjustments.”
