An anonymous crypto trader, known as Criptopaul, has made a bold prediction about the potential for Sui (SUI) to experience significant price rallies. With a strong market foundation and immense growth potential, Sui has caught the attention of Criptopaul’s 112,800 followers on X, a popular social media platform.

Criptopaul highlights the skyrocketing total value locked (TVL) in Sui, which is often seen as a positive indicator for price movements. TVL refers to the amount of capital deposited within a protocol’s smart contracts and serves as a gauge for the overall health of a crypto ecosystem.

Furthermore, Criptopaul points out that the Sui blockchain has seen the emergence of memecoins like BLUB and Fud the Pug (FUD), which could potentially serve as catalysts for a bullish run. These developments have contributed to a smooth user experience, attracting retail investors and driving up trading volume.

Currently trading at $1.55, Sui has experienced a remarkable 43% increase in value over the past week.

Moving on, Criptopaul suggests that the recent Federal Reserve rate cut, coupled with a declining US dollar index (DXY), could lead to a surge in altcoins. The DXY measures the value of the US dollar against major fiat currencies, and a falling index is often seen as a positive sign for risk assets. This trend indicates that investors are diverting their dollars towards stocks and cryptocurrencies.

Criptopaul also highlights the potential for Ethereum against Bitcoin (ETH/BTC) to experience a breakout, as it is considered a key indicator of altcoin market strength. According to Criptopaul, ETH/BTC has reached its bottom around 0.0388 BTC and is poised for a significant upward movement towards the 0.06 level.

At the time of writing, ETH/BTC is trading at 0.04235 BTC ($2,681), registering a 3.47% increase in the past 24 hours.

It is important to note that the opinions expressed by Criptopaul are not investment advice, and investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl, where Criptopaul’s predictions were published, does not endorse the buying or selling of cryptocurrencies and is not an investment advisor.