According to a recent tweet by Sui Station, a popular crypto account on Twitter, the upcoming SUI token listing could bring in some significant profits for investors.
The tweet outlines three different scenarios for the SUI token listing price based on various comparisons and valuations. The base case predicts a listing price of $0.2, which is still a profit compared to the whitelisted price of $0.03 and public price of $0.1. However, the more bullish scenarios predict a listing price of $1.2 and $5.2 respectively, which would be a massive win for investors.
👀 $SUI Price Prediction 👀@SuiNetwork is launching their $SUI public sale through @okx, @kucoincom & @Bybit_Official
And $SUI token is expected to launch soon since their mainnet date is May 3rd.
So what will be the listing price for $SUI? Zero or hero?
Let’s take a look 🧵 pic.twitter.com/lxHQqrGcGH
— Sui Station (@Sui_Station) April 24, 2023
Sui Station arrived at these predictions by comparing SUI to another cryptocurrency, $APT, and using various market cap and valuation metrics. While these predictions are not financial advice, they do provide an interesting insight into the potential value of the SUI token.
SUI recently raised $300M at a $2B valuation, and if their fully diluted market cap at listing matches their valuation, investors could still see a profit even in the base case scenario.
Read more:
- OKX, Bybit, And Kucoin Announce The Listing Of Sui Token Through A Subscription Mechanism
- KuCoin Launches 25th Spotlight Token Sale With Sui (SUI) – Here’s What You Need To Know
- Kucoin Announces Revised Dates For SUI Token Sale