Sui (SUI) Surges Over 38% in January as Analysts Weigh Further Upside Potential
Sui (SUI) has entered the new year with renewed momentum, climbing more than 38% since the start of January. The rally has pushed the altcoin to its highest level in nearly two months.
On-chain data points to sustainable network activity and overall ecosystem recovery, reinforcing the positive outlook. Amid this, several analysts expect SUI to extend its gains.
SUI Becomes Crypto Market’s Top Gainer TodayBeInCrypto Markets data showed that SUI has continued to close in green for five consecutive days, marking its longest streak since April. In early Asian trading hours today, the altcoin surged to $1.99. This level was last seen in mid-November.
In the past 24 hours alone, SUI’s value has jumped by 14.2%. At the time of writing, it was trading at $1.94.
Sui (SUI) Price Performance. Source: BeInCrypto Markets
This double-digit increase has earned SUI the first spot among the top 100 daily gainers on CoinGecko. Furthermore, trading activity remains strong, with the daily volume rising over 91% to reach $1.7 billion.
The strength has not been limited to SUI alone. Tokens in the Sui ecosystem have also seen notable gains, in line with the rally seen across the broader market.
It has come to my attention that we are so back