SUI is a ‘core pillar’ for upcoming bull cycle, says expert
Judging by rising institutional interest and capital inflow, Sui (SUI) might be a ‘core pillar’ of the upcoming bull cycle, according to cryptocurrency analyst Michaël van de Poppe. Accordingly, van de Poppe argued on June 9, that is only a matter of time until we see a new all-time high for SUI. “SUI remains to be one of the core pillars of the upcoming bull cycle… It’s a matter of time until this one continues to rally towards a new ATH.” — Michaël van de Poppe. Michaël van de Poppe’s SUI prediction. Source: X As per CoinMarketCap, SUI now ranks as the 9th highest blockchain by total value locked (TVL). Suilend, a decentralized lending protocol built on Sui, has also seen no less than a 90% increase in TVL over the past month, locking in a total of $700 million. Likewise, Bitcoin (BTC)-related assets now account for over 10% of SUI’s TVL, while multiple financial institutions have filed for a SUI-based exchange-traded fund (ETF). SUI performa...