Sui Price Poised for Growth Amid Groundbreaking $2.3 Trillion Upgrade with Ika Integration

Sui Price Poised for Growth Amid Groundbreaking $2.3 Trillion Upgrade with Ika Integration

The recent Ika upgrade could mark a transformative moment for Sui (SUI), igniting enthusiasm across the crypto community. This powerful integration could potentially capture $2.3 trillion in assets, setting the stage for unprecedented price momentum for SUI.

Currently, SUI price has seen a modest 0.2% rise within the last 24 hours, trading around $2.07. While the asset hit a resistance point at $2.10, consolidating at this level, it appears ready to build upward momentum despite Bitcoin’s temporary drop to a daily low of $71,430. Analysts remain optimistic about the broader crypto market, with predictions of double-digit prices for SUI following this upgrade announcement.

Potential Price Impact of Sui Capturing $2.3 Trillion in Assets Through Ika

The Ika network (a parallel MPC system) has debuted on Sui, ushering in multichain capabilities. According to Ika’s recent official statement, this scaling solution will add interoperability and liquidity by linking Bitcoin, Ethereum, and other blockchain networks directly, eliminating the need for cumbersome cross-chain bridges. With groundbreaking technology boasting 10,000 TPS, sub-second finality, and trustless security, Ika could leverage Sui’s network to engage assets totaling $2.3 trillion across multiple blockchains. The Ika network mainnet is set to launch in December.

Such an upgrade could be transformative for SUI’s value. By applying a simple calculation based on market cap, if Sui were to capture the full $2.3 trillion in assets, each SUI token could theoretically reach a staggering $843.33, assuming the current supply remains unchanged.

However, reaching this target would require an overall crypto market cap of about $1 quadrillion—an unrealistic figure given the global money supply, estimated at around $90 trillion. In a more plausible scenario, even a 10% capture of the $2.3 trillion market would drive SUI’s price to approximately $84, correlating with a $230 billion market cap.

Could SUI Realistically Surge to $84?

A potential rally toward $84 for SUI may not be entirely out of reach. Over recent months, SUI demonstrated impressive performance with a 408% gain in just two months—a significant achievement for an asset of its size. Reaching the $84 mark would also likely propel SUI into the top 10 largest cryptocurrencies by market cap.

However, SUI currently faces resistance at its previous all-time high, which it needs to surpass to target $10 and potentially multiply its market cap fivefold to $28 billion. If it successfully clears this hurdle, rapid price acceleration could follow. On the other hand, a breach below its parabolic trajectory could invalidate the bullish outlook, potentially pushing the price down to key support levels around $0.45 to $0.40.