What Is the Price of Sui? Where Can I Buy Sui Coin?

According to the market data from Gate.io, the popular Layer1 project SUI is currently priced at $3.55, with a 24h increase of 11.25%. In the Layer1 sector, SUI is the best-performing token in the past six months, rising from a low of $0.5 in August to around $5.3, an overall increase of nearly 10 times. SUI’s current circulating market value is $11 billion, ranking 13th in the overall market. Compared to the historical high of $5.35 for SUI token earlier this year, SUI has dropped by about 35%. SUI has conquered the market with strong price performance in the past six months, once claiming Solana Does the killer’s Sui Network have a chance to stand out in the fiercely competitive Layer1 race?

SUI Market Analysis

Current Market Overview

• Current Price: 3.5528 USDT
• 24h increase: 11.25%
• 24h Highest Price: 3.5852 USDT
• 24h Lowest Price: 3.1670 USDT
• 24h Trading Volume: 21,629,144.36 SUI
• 24h Net Inflow: 9,553,525 USDT
• Market Sentiment Index: 47 (Neutral)

Support and resistance levels

• Support Level: 3.1461 USDT
• Resistance level: 3.6582 USDT

Trading Strategy Advice

Strategy 1: Short-term Long Strategy

• Direction: Long
• Entry price: 3.55 USDT (near current price)
• Stop loss level: 3.15 USDT (below the support level)
• Target: 3.65 USDT (resistance level)

Reasons and Characteristics: The current market sentiment is neutral, and the inflow of funds is greater than the outflow, showing a certain buying interest. The price is above the support level, with the possibility of a short-term rebound. The target is set near the resistance level, with relatively controllable risk.

Strategy 2: Breakthrough Trading Strategy

• Direction: Bullish
• Entry price: 3.66 USDT (after breaking the resistance level)
• Stop Loss: 3.55 USDT (below the current price)
• Target price: 3.80 USDT (psychological barrier)

Reasons and Features: If the price breaks through 3.66 USDT, it may trigger more buying interest and form a strong upward trend. Set the stop loss below the current price to prevent false breakouts. The target is set at 3.80 USDT, considering the psychological level of the market.

How to buy SUI Token on Gate.io

Step 1: Register and complete the Gate.io account verification process

1. Register an account

• Visit the Gate.io official website, click the ‘Register’ button, fill in your email/phone number and set a password.

• Complete human-machine verification (such as puzzle or SMS verification code).

  1. Identity Verification

• After logging in, go to [Profile] - [Identity Verification], and upload your identification documents (such as passport or ID card) as instructed.

Step 2: Deposit funds to your account

1. Choose Deposit Currency

• If you want to purchase SUI directly, you need to first deposit USDT (Tether) or other supported cryptocurrencies like BTC or ETH.
  1. Get Deposit Address

• Click on the top navigation bar [Wallet]-[Spot Account]-[Deposit].

• Search for “USDT”, select the chain that matches your funds (such as ERC-20, TRC-20, or BEP-20).

• Copy the generated deposit address and transfer USDT from other platforms or wallets.

  1. Waiting for account

• Recharge usually takes 5-10 minutes to arrive (depending on network congestion).

Step 3: Search and purchase SUI

1. Search for SUI trading pairs

• In the Gate.io app or the search bar at the top of the official website, enter ‘SUI’ to find the corresponding trading pair (e.g. SUI/USDT).
  1. Place an order to buy

• Market order: buy at the current market price; enter the amount of USDT you want to buy, and the system will automatically calculate the amount of SUI you can get.

• Limit Order: Set the desired price and the transaction will be executed when the market reaches that price.

• After confirming the order information, click “Buy SUI”.

  1. Complete transaction

• After a successful purchase, SUI will be deposited into your spot account.

• You can view your position in 【Wallet】-【Spot Account】.

By following the above steps, you have successfully purchased SUI Token on Gate.io. It is recommended to keep an eye on project updates, market trends, and platform announcements, and always prioritize the security of your funds. Cryptocurrency investment requires rational decision-making to avoid blind following.

Sui Project Introduction

SUI Blockchain is a high-performance, scalable layer 1 blockchain platform developed by Mysten Labs, aiming to support decentralized applications (DApps) and decentralized finance (DeFi) projects. Its core technologies include Object Model and Parallel Execution, which significantly improve throughput and processing speed.

Sui combines the Narwhal and Tusk consensus protocols to ensure high performance and low latency even under high loads. The platform uses the Move programming language designed specifically for blockchain, focusing on the security and flexibility of smart contracts, and is widely used in the DeFi, NFT market, gaming, and metaverse fields. With its high-speed, low-cost transactions and strong scalability, Sui has attracted investments from top institutions such as a16z, demonstrating the enormous potential to build decentralized application infrastructure.

On September 1, 2024, SUI unlocked tokens worth over $60 million. However, after the unlock, SUI’s price remained strong and there was no immediate drop. There was a community view at the time that these unlocked tokens of SUI had been absorbed through over-the-counter transactions with venture capital institutions, hence no selling pressure was formed in the secondary market. It now appears that the funding support SUI received at that time provided a solid foundation for its strong price performance later on.

In addition, Sui launched a game console called SuiPlay0X1 last year, which is expected to be delivered in 2025. Some believe that this game console, launched by Sui, is somewhat similar to the Saga phone previously launched by Solana, and may receive some ecosystem tokens airdrop in the future. This game console is the first handheld gaming device integrated with Sui’s native blockchain technology. The device natively supports Sui games, as well as the Steam and Epic game libraries, combining the experience of AAA games with the new digital asset features brought by blockchain technology.