According to a recent tweet by Sui Station, a popular crypto account on Twitter, the upcoming SUI token listing could bring in some significant profits for investors.
The tweet outlines three different scenarios for the SUI token listing price based on various comparisons and valuations. The base case predicts a listing price of $0.2, which is still a profit compared to the whitelisted price of $0.03 and public price of $0.1. However, the more bullish scenarios predict a listing price of $1.2 and $5.2 respectively, which would be a massive win for investors.
Sui Station arrived at these predictions by comparing SUI to another cryptocurrency, $APT, and using various market cap and valuation metrics. While these predictions are not financial advice, they do provide an interesting insight into the potential value of the SUI token.
SUI recently raised $300M at a $2B valuation, and if their fully diluted market cap at listing matches their valuation, investors could still see a profit even in the base case scenario.
Source: https://azcoinnews.com/bullish-predictions-for-sui-token-listing-up-to-5-2-listing-price.html
