The cryptocurrency market has witnessed an influx of Exchange-Traded Fund (ETF) applications. Assets such as Dogecoin (Doge), Solana (Sol), XRP, Litecoin (LTC) ETF have been filed, but companies are investigating new assets. More recently, Canary Capital filed documents with the Securities and Exchange Commission (SEC) to deploy SUI ETFs. Of this, assets have witnessed a slight increase. However, the community hopes to see a big increase this month.
Find out the latest increase in SUI
SUI was one of the few assets to have risen over the past seven days. Cryptocurrency has skyrocketed by 6.29%. Today, Altcoin went from trading at a low of $2.26. This occurs after a 1% increase in the last 24 hours. This may not be a big boost, but SUI was trading at $2.32 at the time of writing.
Approval of canary capital submissions could serve as a critical catalyst for cryptocurrency. It should be noted that in recent months, canary capital has submitted many ETFs to the SEC. This includes XRP, Dogecoin, and Solana. This will take place 10 days after World Liberty Financial (WLFI), a decentralized financial (DEFI) network connected to Trump, saying SUI assets will be added to the token reserve.
Price forecast for March
All SUIs are set to record a massive price surge towards the end of the month, according to Concodex data. The company has revealed that all of the assets are expected to trade at the maximum price of $7.76 during March. The potential return on investment for cryptocurrencies is 232%. The average trading price for SUI this month is $4.62. Although there are only a few days before the end of the month, the community can make a massive rise.
