prediction
SUI price prediction | Is SUI a good investment?
Published
3 months agoon
By
adminThe SUI token continues to make waves in the crypto markets. We take a deep dive into the Sui blockchain and expert SUI price predictions to see what investors can expect from the project.
In the past month, the price of Sui (SUI) — the native token of the layer-1 blockchain developed by members of the team behind Meta’s shuttered stablecoin project, Diem — has skyrocketed by approximately 50%. As of Sept. 23, 2024, it’s trading at $1.55 and holds the 28th spot among top cryptocurrencies by market cap, according to crypto.news. Just last month, SUI recorded an impressive growth of 140%.
What potential does this blockchain and its native asset have in store? Will the SUI token break its all-time high of $2.18, which it reached at the end of March of this year? We take a closer look in this SUI price prediction.
What is SUI?
Where did Sui come from? It all started in 2019 when Meta — then Facebook — was working on its permissioned blockchain and stablecoin cryptocurrency project Calibra (later rebranded to Libra and then to Diem). Unfortunately, the project ran into regulatory hurdles and was ultimately shut down. However, the developers didn’t give up. Some of them took their innovative ideas and established their own company, Mysten Labs, which went on to develop and launch the Sui blockchain, alongside other software.
Sui employs a delegated proof-of-stake mechanism for validating transactions on the blockchain. To achieve consensus, the Sui blockchain uses the Mysticeti algorithm, which in part is designed to scale transaction throughput.
Sui aims to deliver speedy transaction finality and high throughput, so that developers can easily and cost-effectively launch their web3 projects and DeFi services.
The blockchain’s native asset, SUI, has a total supply capped at 10 billion tokens. SUI has several key functions: it simplifies transactions, trading, and saving, while it also can be staked by validators to ensure the network stays secure. Validators also use their SUI tokens to shape the project’s future through voting.
SUI crypto news
On Sept. 3, Mysten Labs opened pre-orders for the SuiPlay0X1 console, a native web3 gaming device, created in partnership with Playtron.
On Sept. 17, Circle, the issuer of USD Coin (USDC) — the second-largest stablecoin by market cap — announced that USDC will be launched on the Sui blockchain.
Analysts from K33 Research suggest that while Solana (SOL) is currently the leading alternative layer-1 network after Ethereum (ETH), the Sui network has the potential to compete for that position in the future.
SUI crypto price prediction
What’s on the horizon for the SUI token? Let’s take a look at the SUI price prediction for 2024 and beyond.
SUI coin price prediction: short-term outlook
According to CoinCodex’s Sui price prediction for the near future, the token is projected to rise by 227.99%, possibly hitting a new all-time high of $5 by Oct. 23, 2024.
As of Sept. 23, 2024, the overall sentiment for the SUI price forecast remains bullish, with 25 technical analysis indicators showing bullish signals and 4 indicating bearish trends.
SUI price prediction 2024
Drawing on insights from investors and market experts, DigitalCoinPrice predicts that SUI could surpass its all-time high of $2.18, with an estimated range between $3.19 and $3.37 by the end of the year.
According to CoinCodex’s SUI token price prediction for 2024, its price could swing between $1.525 and $7.21 over the year.
Based on the analysis of SUI’s prices over previous years, Changelly anticipates that in 2024, the minimum price could be around $1.22, while the maximum price might reach approximately $3.11.
According to Wallet Investor’s SUI price expectations, by the end of 2024, the token’s value could be a minimum of around $1.21, with an average of about $1.672, and potentially as high as $2.114.
SUI price prediction 2025
Looking further ahead, DigitalCoinPrice predicts that in 2025, Sui’s price could fluctuate between $3.31 and $3.92, with the most likely value stabilizing around $3.74 by year’s end.
CoinCodex’s projection for 2025 matches up with its earlier forecast for 2024.
According to Changelly’s analysis of SUI’s historical price trends, the coin is projected to have a minimum price of $0.463 and a maximum price of $4.48 in 2025.
Wallet Investor suggests that by the end of 2025, SUI could see a minimum price of $1.531, an average around $1.989, and might rise to a maximum of $2.436.
SUI price prediction 2030
CoinCodex estimates that by 2030, SUI’s price could vary between $3.84 and $6.23.
DigitalCoinPrice expects that SUI’s price could climb to $10.37 or $11.21 by the end of 2030.
Changelly predicts that by 2030, SUI could experience an even more substantial leap in value, trading between $10.47 and $12.93.
Is SUI crypto a good investment?
Before jumping into an investment in SUI, be sure to check out its recent performance and get a sense of where it might be headed next. While the project has promising partnerships and technology, the volatility of crypto markets in general demands caution. Whether you’re considering investing or holding back, take your time to weigh the risks involved.
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$100
Remembering John McAfee's Bullish Bitcoin Price Bet as we near $100K Milestone
Published
4 weeks agoon
November 27, 2024By
adminAh, Bitcoin—a digital enigma that dances between brilliance and bafflement, much like a British summer deciding whether to rain or shine. As we teeter on the brink of the $100,000 milestone, it’s impossible not to cast our minds back to the late John McAfee: antivirus mogul, libertarian firebrand, and a man whose eccentricity made the Mad Hatter look like an accountant.
In the distant, carefree days of 2017—when masks were for surgeons and Zoom was just an onomatopoeia—McAfee made a proclamation that would make even Nostradamus raise an eyebrow. He boldly wagered that Bitcoin would soar to $500,000 within three years. And if not? Well, let’s just say he offered to partake in a culinary act so unspeakable, it would make a cannibal blush. National television executives must have been on standby, salivating at the potential ratings bonanza.
By 2019, instead of backpedaling like any sensible person who’d had one too many at the pub, McAfee doubled down. He upped his prediction to a cool $1 million per Bitcoin, asserting that the $100,000 mark would merely be the opening act—the financial equivalent of a warm-up comedian before the headliner brings the house down.
Let’s not forget McAfee’s infamous bullish proclamation: that once Bitcoin hits the $100,000 mark, it would be like unlocking the floodgates of a financial Hoover Dam. At that pivotal price point, he believed, Bitcoin wouldn’t just stroll to $1 million—it would sprint. At the time, there were no Bitcoin ETFs gracing the portfolios of traditional investors, no nations like El Salvador adopting Bitcoin as legal tender, no corporate titans like MicroStrategy hoarding it like digital dragons atop golden hordes, and certainly no whispers of U.S. Bitcoin strategic reserves. John didn’t have a crystal ball—though I wouldn’t have been surprised if he’d claimed to—but he keenly understood the game theory behind Bitcoin’s design. He grasped that the underlying security, the allure, and the network effect of its mathematical genius were not just revolutionary; they were inevitable. For McAfee, it was never a matter of “if” but “when” the world would catch on.
Critics scoffed, economists guffawed, and the rest of us watched with the same morbid fascination we reserve for reality TV and train wrecks. Was McAfee a visionary or just a man who’d spent a bit too much time sampling his own supply of eccentricity?
Now, as Bitcoin flirts coquettishly with the $100,000 threshold, perhaps it’s time to reconsider. Maybe old John wasn’t entirely off his rocker—perhaps just teetering on the edge with a cocktail in hand. His timing was about as precise as a broken sundial, but the essence of his prediction might yet hold water.
You see, McAfee understood something fundamental about Bitcoin: its potential to disrupt, to redefine, to turn the financial world on its head like a particularly aggressive yoga instructor. He saw the floodgates that could open, unleashing a torrent of innovation and, yes, wealth.
Of course, trusting McAfee’s predictions was always a bit like trusting a fox to guard the henhouse—or perhaps more aptly, trusting a software tycoon with a penchant for tropical escapades to give sound financial advice. But even a broken clock is right twice a day, and perhaps a maverick is right once in a blue moon.
As we stand on this precipice, wallet in one hand and skepticism in the other, let’s tip our hats to John McAfee. Not because he was necessarily correct, but because he had the audacity to dream big, to stake his reputation (and other unmentionables) on a future that seemed ludicrous to many.
In a world that often feels like it’s been scripted by a committee of pessimists, McAfee was a wild card—a joker in the deck who reminded us that fortune favors the bold, or at least makes for an entertaining story.
So here’s to you, John. Your timing was off, your methods were unorthodox, and your promises were—thankfully—unfulfilled in certain respects. But as Bitcoin edges toward that $100,000 milestone, perhaps your spirit of defiant optimism wasn’t so misplaced after all.
In the end, maybe it’s not about the destination or even the journey, but the colorful characters we meet along the way who make the whole saga worth following. And if nothing else, McAfee ensured that the tale of Bitcoin was never short of intrigue, humor, and a dash of the absurd.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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cryptocurrency
Bittensor Price Prediction 2024-2030 | Is TAO crypto a Good Investment?
Published
4 months agoon
August 27, 2024By
adminAI tokens are seeing a price surge in anticipation of NVIDIA’s upcoming quarterly earnings report.
Over the past week, Bittensor (TAO), the native token of the decentralized AI development platform Bittensor, has risen by approximately 25%. As of today, Aug. 26, 2024, it is trading at around $345.5, with a slight 0.16% drop in the last 24 hours. Over the past year, the token’s price has jumped by 469.1%. According to crypto.news, TAO ranks 39th among cryptocurrencies by market capitalization, which exceeds $2.51 billion.
TAO is rising in anticipation of NVIDIA’s quarterly earnings report, set to be released on Wednesday. AI tokens are likely influenced by the growing demand for data centers essential for running AI chatbots.
What’s next for TAO? Will it surpass its previous all-time high of $767.68? Check out our Bittensor price prediction for 2024-2030.
What is Bittensor
Bittensor connects AI and machine learning through a decentralized approach. It’s a peer-to-peer network that leverages blockchain tokens to drive the development and adoption of AI innovations.
TAO is the native token of Bittensor. It drives user participation and streamlines how they trade resources on the Bittensor platform. What is the TAO crypto price prediction for the short and long term?
Bittensor coin price prediction: short-term outlook
According to CoinCodex’s Bittensor price prediction, TAO’s price is expected to increase by 226.71%, potentially reaching a new all-time high of $1131.7 (!) by Sept. 25, 2024.
As of Aug. 26, 2024, the overall sentiment for the Bittensor price forecast remains bullish, with 22 technical analysis indicators showing bullish signals and 5 indicating bearish trends.
Bittensor price prediction 2024
According to DigitalCoinPrice, investors, exporters, and market experts believe that TAO will surpass its previous high of $767.68 in 2024. They predict it will then stabilize between $731.57 and $767.79.
Based on CoinCodex’s expectations for the Bittensor token, it is anticipated to trade between $346.39 and $1629.21 this year. If it hits the upper end of this range, TAO could experience a rise of 368.58%.
Wallet Investor forecasts that by the end of 2024, TAO could achieve a maximum price of $629.482.
Bittensor price prediction 2025
DigitalCoinPrice suggests that in 2025, the price of TAO could fluctuate between $749.51 and $894.36, with the most likely value stabilizing around $848.42 by year’s end.
CoinCodex’s forecast for 2025 aligns with its projection for 2024.
According to Wallet Investor’s Bittensor price prediction for 2025, TAO could potentially trade at $956.384.
Bittensor price prediction 2030
CoinCodex estimates that by 2030, TAO’s price could vary between $864.97 and $1402.48.
DigitalCoinPrice predicts that TAO’s price could climb to $2356.6 or even $2511.46 by the end of 2030. The years from 2024 to 2030 are expected to be key for the growth of Bittensor.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
FAQs
Should I invest in Bittensor tokens?
AI tokens are gaining traction as a promising investment trend. Bittensor, in particular, presents exciting growth opportunities, and the optimistic future price predictions for TAO — both in the short and long term — make it a compelling option for those looking to diversify their portfolios.
TAO’s future looks bright, making it an interesting investment opportunity, but don’t forget to factor in the risks.
When will TAO’s price reach a new all-time high?
CoinCodex predicts that TAO’s price could reach a new all-time high of $1131.7 by Sept. 25, 2024.
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cryptocurrency
Banana Gun Price Prediction 2024-2030
Published
4 months agoon
August 20, 2024By
adminOver the weekend, the Banana gun token saw a price surge based on integration news. However, after that initial spike, the BANANA coin price started to drop gradually.
On Aug. 17, the native token of the Banana Gun project surged from about $50 to nearly $62 during the day, following news of a partnership with Birdeye, the Solana on-chain data aggregator.
As of today, Aug. 19, the Banana Gun (BANANA) crypto is trading at around $50, reflecting a 6% decline over the last 24 hours. What is the BANANA token price prediction for the short and long term?
What is Banana Gun
Banana Gun is a set of Telegram-based bots for trading on Ethereum (and Ethereum layer-2 chains Base and Blast) and Solana. The tool lets you get in on new token launches before they’re officially released and helps you buy tokens that are already available on the market.
BANANA is the native token of Banana Gun and is used for unlocking additional bot features through burning, voting on proposals, accessing an exclusive holder’s chat, and earning profits from the trading bot.
What’s driving the growth of the Banana Gun coin? Let’s take a look at the latest news about the token.
Banana Gun crypto news
On Aug. 14, Banana Gun announced on X its new integration with Birdeye, a well-known Solana data aggregator and charting tool. This partnership simplifies the process for users to identify Banana transactions on the Birdeye platform. This likely contributed to the recent Banana Gun price rise on Aug. 17.
Moreover, on Aug. 13, the project reported that it had burned 2% of the total BANANA tokens, worth approximately $8.6 million.
According to onchain analyst Ember, on Aug. 17, a total of 75,000 BANANA coins were moved from the Banana Gun Treasury to Galaxy Digital, with 25,000 of those coins subsequently transferred to Binance.
What’s next for the BANANA crypto coin?
BANANA coin price prediction: short-term outlook
According to CoinCodex’s Banana Gun crypto price prediction, BANANA’s price is anticipated to increase by 224.55%, potentially reaching a new all-time high of $164.8 by Sept. 18, 2024.
As of Aug. 19, 2024, the overall sentiment for the BANANA price forecast remains bullish, with 21 technical analysis indicators showing bullish signals and 2 indicating bearish trends.
Banana Gun price prediction 2024
DigitalCoinPrice, drawing from insights from investors and market experts, expects that the BANANA token price might surpass its old high of $78.7 and settle between $102.97 and $107.92 by the year’s end.
According to CoinCodex’s expectations for the Banana Gun coin, it is forecasted to trade between $50.78 and $237.04 this year. If it reaches the upper end of this range, BANANA could see an increase of 380.05%.
Wallet Investor suggests that by the end of 2024, the BANANA token could achieve a maximum price of $81.452.
Banana Gun price prediction 2025
According to DigitalCoinPrice’s Banana Gun price prediction for 2025, the price of BANANA could fluctuate between $105.94 and $128.46, with the most likely value stabilizing around $125.45 by year’s end.
CoinCodex’s forecast for 2025 is consistent with its prediction for 2024.
Wallet Investor expects that by the end of 2025, BANANA could potentially trade at $138.219.
Banana Gun price prediction 2030
DigitalCoinPrice’s forecasts and technical analysis project that BANANA’s price could reach a significant high of $333.44 or even $362.35 by the end of 2030. The period from 2024 to 2030 is expected to be crucial for the growth of Banana Gun.
According to CoinCodex’s BANANA price prediction for 2030, the token’s price could range from $124.83 to $202.4.
Is Banana Gun token a good investment?
Before putting your money into anything, consider how much risk you’re okay with and what you want to accomplish financially. That way, you can make choices that fit your investment goals.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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