The world is continually changing, sometimes in little but significant ways. However, every now and again, a minor incident has a significant long-term impact. One such occasion was the 2009 debut of Bitcoin. It sparked the creation of other currencies, which gave rise to a larger crypto business. Then came Ethereum, which brought the blockchain back into focus by demonstrating its ability to store, execute, and support a wide range of decentralized goods.
The primary advocacy of Suku is to create one ecosystem for all Web3 communities. Suku crypto fuels Web3 solutions designed to empower innovative Brands & Creators to engage with their audience in entirely new ways and places, including the Metaverse. With this Suku crypto price prediction, you may find valid reasons to include the particular cryptocurrency in your portfolio.
Today’s Suku price is $0.092275 with a 24-hour trading volume of $8,663,938. Suku is up 1.64% in the last 24 hours. The current CoinMarketCap ranking is #658, with a live market cap of $16,442,689 USD. It has a circulating supply of 178,191,419 SUKU coins and the max. supply is not available.
Also Read: What is DeFi: Advantages, capabilities, and risks
What is SUKU?
There are currently a number of significant developments, including DeFi, NFTs, the metaverse, and more, and they are all paving the way for the development of Web 3.0, the next stage in the development of the internet. But it doesn’t mean the story is over. Brands and businesses are gradually understanding that they must use this new technology and find a method to adapt if they don’t want to fall behind as Web 3.0 approaches.
Advantages of SUKU
Let’s begin by discussing the issues that the project seeks to address, as this is essential to comprehend the significance of the initiative.
Helping Creators
Brands and creators have known for some time that they need to transition to blockchain technology; some have already done so, while others have been unwilling to do so. Regardless, they continue to monitor the environment and what is occurring there. But they all understand that in the future, employing this technology won’t be an option. The brands can benefit from Web 3.0 ideals with SUKU’s assistance, and by doing so, they will gain customers. This is particularly true for meta consumers who are enthusiastic about the potential of the metaverse. SUKU is ultimately an excellent approach for businesses to step up their game and do it with the help of specialists rather than trying to figure things out on their own.
Easy Access to Metaverse and NFTs
The emergence of NFTs in early 2021 and the arrival of the metaverse a few months later, around the end of the year, came virtually simultaneously. However, most metaverses—if not all of them—rely on NFTs and provide a variety of services in the form of NFT. Many companies want to enter that market since the metaverse is currently a trendy issue. For their benefit, SUKU can offer the infrastructure needed to take their community and brand into the metaverse.
Transparency
Numerous advantages of blockchain technology include immutability, speedy and affordable international transactions, greater security, and transparency. This is particularly crucial in terms of supply chains for brands and companies. Users may scan things to verify their legality, learn about their origin and history, and understand what they are purchasing thanks to the blockchain.
Benefits SUKU provides
Access to InfiniteWorld
Access to InfiniteWorld, one of SUKU’s key offerings, is the first advantage. This platform for the metaverse’s architecture serves as a SUKU between the virtual and real worlds. It also provides some of its own solutions to the top brands, businesses, and other individuals. These solutions enable users to employ some of the most well-liked commodities of the crypto sector, such as non-fungible tokens, to promote customer involvement, monetize it, and even generate it in the first place.
SUKU Omni
With the help of SUKU Omni, businesses can easily modernize their supply chain data and analytics and turn them into validated tales that customers can interact with. Final product manufacturers are motivated to share production and sourcing information for their products as supply chain players. They get rewarded in return. As a consequence, companies can demonstrate their openness and reliability, customers can readily check products, and supply chain partners may contribute the data necessary to allow transparency in exchange for incentives.
SUKU DeFi
We have SUKU DeFi, which, as noted earlier, enables supply chain players to use the project’s DeFi protocol and earn rewards for supplying information about the items. Participants in the supply chain can also benefit from microloans, which can help them expand their businesses even more, by using the benefits they are receiving.
Suku Crypto Creators
A group of professionals with backgrounds in blockchain, finance, marketing, and supply chain management formed the Florida-based firm SUKU in 2016. The team includes include former employees of Deloitte and the Pentagon.
The business has concentrated on creating Web 3.0 technologies that can be utilized across several sectors and fuel the metaverse. SUKU is also developing a DeFi financing platform and an NFT marketplace. A crypto coin bearing the company’s name drives the platform as a mechanism for governance and incentives.
How does Suku work?
From Engage-2-earn options to NFT markets, SUKU provides a range of solutions with the goal of enabling businesses who are ready to embrace innovation and new technologies that come with the inevitable coming of Web 3.0. The project’s solutions may enable businesses and creators to interact with the audience in the real and virtual worlds in totally new ways. Everyone benefits from it: customers who know what they are purchasing, businesses that can demonstrate their reliability and transparency, and supply chain partners who get paid for providing information about the past of each product.
How to invest in SUKU
You can now buy Suku (SUKU) in the following exchanges.
Uphold
One of the best exchanges with a large selection of cryptocurrencies for people in the US and the UK. The Netherlands and Germany are forbidden.
KuCoin
More than 300 different well-known tokens may presently be traded on this exchange for cryptocurrencies. It frequently offers purchase chances for new tokens initially. Residents of the United States & other countries are currently accepted in this exchange.
Huobi Global
With a cumulative trading volume of US $1 trillion since its establishment in 2013, Huobi Global has grown to become one of the largest digital asset exchanges in the world. It should be mentioned that Huobi Global does not presently accept citizens of the USA or Canada.
SUKU Crypto Price History
In August 2020, when SUKU first entered the open market, it was only valued at roughly $0.43. As is sometimes the case with newly-launched cryptocurrencies, investors thought it was rather expensive, and by September, the price had dropped to about $0.20. At that moment, tragedy struck. A hacker stole nearly $1.6 million worth of SUKU from the KuCoin exchange, one of the primary sites where the token was accessible. As a result of the heist, the price of SUKU fell to an all-time low of $0.06359 on October 3 as a result of the crime. Following this, there was some recovery, and in 2021, things began to improve. Although there was a surge to $1.28 on January 21 due to the news that SUKU will be listed on the Huobi Global market, the overall trend has been one of decline. SUKU was only worth $0.174 by the end of April, and things were about to become much, much worse.
On May 12, SUKU fell to $0.06899 due to the de-pegging of the UST stablecoin and the demise of the related LUNA cryptocurrency. After that, there was a brief period of recovery, with the price ending the month at $0.1194; however, the cancellation of withdrawals on the Celsius cryptocurrency lending platform indicated that cryptocurrencies were in a bear market, and on June 18, the SUKU price dropped to $0.07196. After that, there was some rebound, but it was little, with only sporadic excursions over $0.10. The value of SUKU is around $0.0905 as of the writing on July 27, 2022.
SUKU Crypto Technical Analysis
SUKU price analysis for July 27, 2022, reveals the market following a complete bearish movement, obtaining significant negative momentum, signifying a gain of negativity for the SUKU market. The price of SUKU has remained negative over the past few hours. Today, the price crashed and went from $0.0954 to $0.0901. However, the market started to increase in value soon after and regained most of its value. Moreover, SUKU has increased and reached $0.0905, which is the current price for SUKU. Suku’s price is just shying away from the $0.0910 mark. SUKU shows a good market cap in the crypto market.
SUKU price analysis reveals the market’s volatility following an increasing movement, which means that the price of SUKU is becoming more prone to experience variable change on either extreme. The Bollinger’s band’s upper limit is $0.105, serving as SUKU’s strongest resistance. Conversely, the lower limit of Bollinger’s band is at $0.0816, which is the most substantial support for SUKU.
The SUKU/USD price appears to be moving under the price of the Moving Average, signifying a bearish movement. On the other hand, the market’s trend seems to have shown bullish dynamics in the last few days. On the contrary, the market has decided on a negative approach. However, yesterday the market broke, and the market started opening its volatility. This change could’ve played a crucial role in the development of SUKU.
SUKU price analysis shows the Relative Strength Index (RSI) to be 46, signifying a stable cryptocurrency. This means that the cryptocurrency falls in the central neutral region. Furthermore, the RSI path seems to have shifted to a linear movement. The stable RSI score also means equal selling and buying activities.
SUKU price analysis reveals the cryptocurrency follows an uncertain trend with much room for activity on either extreme. Moreover, the market’s current condition appears to be following a negative approach, as it shows the potential to move to either extreme. Therefore, we can assume that the bears will start making their moves soon and engulf the market completely.
SUKU Crypto Price Predictions by Authority Sites
Digital Coin Price
According to DigitalCoinPrice, it is unlikely to hit $1 again in this decade. According to its SUKU price forecast for 2022, the token will reach $0.17 in July but $0.16 in August. The website predicts that in December, the token will be valued $0.17. In 2023 and 2024, respectively, the longer-term price estimate predicts an average value of $0.18 and $0.19. $0.23 is the SUKU price forecast for 2025. According to the website, the token will be worth $0.55 in 2030.
Wallet Investor
According to WalletInvestor, the currency is a “poor long-term (one-year) investment.” It foresees a decline to about $0.08 with no hope of a long-lasting rebound.
GOV Capital
The most upbeat prediction comes from Gov Capital, which predicts that the coin will reach $1.09 in a year. In five years, its longer-term SUKU coin price prediction projects a price of $6.76.
CoinCodex
Cryptopolitan
SUKU Crypto Price Prediction 2022
In 2022 the price of Suku is predicted to reach a minimum value of $0.11. The SUKU price can reach a maximum level of $0.13 with an average trading price of $0.11.
SUKU Crypto Price Prediction 2023
The price of Suku is predicted to reach a minimum price of $0.16 in 2023. The Suku price can reach a maximum level of $0.19 with an average price of $0.17 throughout 2023.
SUKU Crypto Price Prediction 2024
In 2024 the price of Suku is predicted to reach a minimum level of $0.23. The SUKU price can reach a maximum level of $0.28 with an average trading price of $0.24.
SUKU Crypto Price Prediction 2025
The price of Suku is expected to reach a minimum cost of $0.33 in 2025. The SUKU price can reach a maximum level of $0.41 with an average price of $0.34 throughout 2025.
SUKU Crypto Price Prediction 2026
Suku price is forecast to reach the lowest possible level of $0.48 in 2026. As per our findings, the SUKU price could reach a maximum price level of $0.58 with an average forecast price of $0.49.
SUKU Crypto Price Prediction 2027
In 2027 the price of Suku is forecasted to be at around a minimum value of $0.68. The Suku price can reach a maximum of $0.82 with an average trading value of $0.70.
SUKU Crypto Price Prediction 2028
The price of Suku is predicted to reach a minimum value of $0.95 in 2028. The Suku price could reach a maximum value of $1.16 with an average trading price of $0.98 throughout 2028.
SUKU Crypto Price Prediction 2029
In 2029 the price of Suku is expected to reach a minimum value of $1.33. The SUKU price can reach a maximum price of $1.62 with an average value of $1.37.
SUKU Crypto Price Prediction 2030
The price of Suku is predicted to reach a minimum value of $1.90 in 2030. The Suku price could reach a maximum value of $2.35 with an average trading price of $1.96 throughout 2030.
SUKU Crypto Price Prediction 2031
Suku’s future price is forecast to reach the lowest possible level of $2.83 in 2031. As per our findings, the SUKU price could reach a maximum possible level of $3.35 with the average forecast price of $2.93.
Suku Crypto Price Predictions by Industry Influencers
When many are seeking answers to ‘why crypto is crashing’, a few altcoins are defying the trend. Crypto investment is not about high market cap assets like Bitcoin and Dogecoin alone. Last year, AXS and SOL, the native tokens of Axie Infinity and Solana respectively, emerged as top performing assets. Now, amid a wider bearish sentiment in the crypto market, one crypto is rising. The best part is it has gained not only over the past 24 hours but is also up on year-to-date (YTD) basis. Even in 2021, this token gave positive returns to its backers.
Noah Reed
Let’s know more: What is SUKU Crypto? – SUKU Crypto Price Prediction 2022 – YouTube
Conclusion
SUKU is a project that has positioned itself as the entry point for businesses ready to use Web 3.0 solutions since it recognizes that Web 3.0 is imminent. As a result, it still has a lot of work to do, but it came into being at the ideal time to become the preferred project for businesses and creative that want to join Web3 as soon as possible. As a result, it probably has a very lucrative future ahead of it, which is why we think it would be a great investment.
Since the KuCoin breach in 2020, Suku has prospered and, in January 2022, challenged the lame cryptocurrency market. But the cryptocurrency is still in a downward trend right now. Its future success, according to experts like Kalkine Media, would depend on persuading companies to employ its services.
Although Suku crypto faces a saturated market, Suku is now riding the developing trends of DeFi and the metaverse; however, that alone does not make it a good investment, it is yet to see how much will SUKU be worth before the end of the year, it shows good market capitalization at the time of writing. The network’s USP is transparent supply chains, but Kalkine Media contends that the number of firms the platform can convince to utilize it will determine its success. As always, conducting your own research is a crucial step before making an investment.
Source: https://www.cryptopolitan.com/suku-crypto-price-prediction/