The first ETF arrival can be on the sui imminent. This week, it looks like this Canary Form S-1 with second.
Canary Capitol Bets on SUI and other encrypted currencies with the launch of the new traded investment funds
Canary Capitol, the company behind this initiative, is also studying the launch of the circulating investment funds Hedra, Litecoin, XRP and Solana. Although the official file of Canary sui etf It has not yet been confirmed, the registration in Dilayer is a positive signal for interested investors.
At the same time, it is equal to the spotlight thanks Partnership between World Liberty Financial (WLFI)Donald Trump, and Soy. According to data, the two parties are already exploring “opportunities to develop different products” within cooperation. In addition, WLFI is considering including SUI in the strategic code reserveAn initiative designed to support emerging projects in the encryption sector.
Growth expectations: Serial about $ 10 billion in the market?
Set in a good position to reach a Market value of $ 10 billionThanks to the increase in adoption by institutional investors and the expansion of its ecosystem.
The cryptocurrency recorded more capital flow 10 million dollars Last week, strong elasticity appears despite the last market shrinkage. Some analysts believe that despite the correction stage, SUI is among altcoin With the greatest growth Spring 2024.
How does ETF affect the SUI price?
ETF launch on SUI can have a great impact on Altcoin price. In the past, circulating investment funds Bitcoin and ethereum It produced important bull courses after approval from the organizational bodies. If Canary Capitol will already release Canary sui etf, the demand for digital asset may increase significantly.
According to expectations by CoincodexSui’s value can reach a peak $ 5.53 early in March 2024. However, a more pronounced rally can pay to SUI $ 12.89 in AprilWith my appreciation growth for 385.30 % compared to current prices.
Technical indicators confirm the direction of the bull
The data in the derivative market confirms the existence of positive feelings about SUI. Despite a slight decrease in Open interest (-2.63 %) to 583.44 million dollarsLong/short proportions indicate a strong tendency towards bull sites:
– Okx Record the percentage 3.07;
– Binance (Sui/USDT) shows the value 2.8052
This data indicates that the majority of market operators put themselves in anticipation of the increase of possible prices for SUI.
Technical expectations increase optimism about SUI. Experts expect that the cryptocurrency will arrive $ 6 in the next three weeksWith the support of factors such as the institutional interest, the development of the ecosystem, and the possible official announcement of ETF.
If the bull continues, one can be one The best performance altcoins From the spring season, new investors attracted to the cryptocurrency market.
