Sun Token Price Prediction: Buy, Sell, Or Hold $SUN Crypto
Sun Token ($SUN) is making noise in the cryptocurrency world with an impressive surge of over 240% in just a month. This remarkable rise began after TRON founder Justin Sun’s tweet on August 13 about the launch of SunPump, propelling SUN’s price to a peak of $0.043.
Justin Sun Behind The $SUN Success
Launched over four years ago as a Bitcoin alternative, SUN Token faced a major setback in 2021 due to excessive supply, leading to a significant crash. However, the token has since pivoted towards decentralized finance (DeFi) on platforms like Justwap and Justlend. With new use cases, SUN now aims for a $1 billion market cap.
Source: X
Justin Sun’s strategic moves, including leveraging meme coins and adjusting network fees, have been pivotal in driving this surge. The new SunPump feature has quickly outperformed its Solana-based rival, Pump.fun, in terms of tokens launched and daily revenue.
Recently, Justin Sun made a bold statement by offering to buy all their SUN tokens at $0.03, showcasing his confidence in the token’s future.
Sun Token Price Prediction: WILL $SUN Break Its ATH
SUN token price recently gave a breakout above $0.1028 level and surged more than 300% in a week. However, after a major surge $SUN price corrected and again took a rebound.
Source: Tradingview
At the time of writing Sun’s crypto price was $0.0351, with a 24-hour trading volume of $$218,843,770 million. The token is down 0.20% in the last 24 hours, and its market cap was $348,747,434 according to coin market cap data.
If SUN’s price broke the resistance level of $0.04494 then it could start a new rally. However, if it drops down below the $0.02860 it could witness further downside.
Also Read: $82M in Token Unlocks Coming for $IMX, $TAIKO, and More
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.
