The arrival of the first ETF in Sui could be imminent. This week, it seems that Canary has presented the form S-1 with the SECOND.
Canarian Capitol of Capitol in Sui and other cryptocurrencies with the launch of new ETFs
Canary Capitol, the company behind this initiative, is also considering the launch of ETFs also in Hedera, Litecoin, XRP and Solana. Although the officer presented by the Canarian sui ETF It has not yet been confirmed, the registration in Delaware represents a positive signal for interested investors.
At the same time, Sui is at the center of attention thanks to the Association between World Liberty Financial (WLFI)Affiliated with Donald Trump and the Sui Network. According to the statements, the two parties are already working to explore “various product development opportunities” within collaboration. Besides, WLFI is considering the inclusion of SUI in its strategic tokens reserveAn initiative designed to support emerging projects in the cryptographic sector.
Growth forecasts: SUI towards market capitalization of $ 10 billion?
Sui is well positioned to achieve a Market capitalization of $ 10 billionthanks to the increase in the adoption of institutional investors and the expansion of its ecosystem.
The cryptocurrency has registered an Over capital entrance $ 10 million In the last week, demonstrating strong resistance despite the recent recession of the market. Some analysts believe that, despite the correction phase, SUI is among the alternative With the greatest growth potential for spring of 2024.
How does an ETF influence the price of sui?
The launch of an ETF in Sui could have a significant impact on the price of the alternative. In the past, ETFS ON Bitcoin and Ethereum They have generated important bull after the approval of regulatory bodies. If Capitol Canary really launched the ETF Canary Sui, the demand for digital asset could increase significantly.
According to the forecasts of CoincodexSui’s value could reach a peak of $ 5.53 already in March 2024. However, an even more pronounced rally could push Sui a $ 12.89 in AprilWith an estimated growth of 385.30% compared to current prices.
Technical indicators confirm a Toro trend
Data in the derivative market confirm a positive feeling around SUI. Despite a slight decrease in Open interest (-2.63%) at $ 583.44 millionLong/short relations indicate a strong inclination towards the positions of the bull:
– OKX record a relationship of 3.07;
– Binance (Sui/USDT) shows a value of 2,8052
These data indicate that most market operators are positioning in advance of a possible increase in sui prices.
Technical projections further strengthen optimism around SUI. Experts predict that cryptocurrency could reach $ 6 in the next three weeksBacked by factors such as institutional interest, the growing development of the ecosystem and the possible official ETF announcement.
If the trend of the bull continues, sui could be one of the Better performance altcoins of the spring season, attracting new investors to the cryptocurrency market.
