Grayscale Investments posted a follow-up confirmation of Sui (SUI) this week, touting its software model for corporate use while calling current altcoin prices a buying opportunity.
The asset manager highlighted SUI along with Ethereum (ETH), Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) as trading tokens at year lows.
Why Grayscale Is Pursuing SUI Now
Grayscale says financial institutions need speed, efficiency, and reliability, highlighting the SUI software interface, built to protect security while improving operational efficiency.
It follows the latest post in which Grayscale Research called current altcoins a good entry point.
Grayscale Research believes that leading altcoins such as ETH, SOL, LINK, SUI, and AVAX, among others, provide entry opportunities. he said.
Research Director Zach Pandl expanded on that idea in another report. He said that the strong basket altcoin has fallen about 59% from its highs and gained only 2% from its lows since January 2024 to establish a strong crypto ETP.
Pandl reported similar strength in crypto markets in March. While the S&P 500 fell nearly 5%, the Grayscale Crypto Sectors Index rose nearly 4%.
“Current levels of leading altcoins… are compelling,” read it another part in the Grayscale report.
A Greater School Story
The effectiveness of Grayscale’s SUI continues to be researched. The company recently launched the GSUI staking ETF on NYSE Arca and uses the SUI ecosystem tokens DeepBook and Walrus.
This makes SUI one of the deepest Grayscale ecosystems outside of Bitcoin and Ethereum.
SUI is currently trading near $0.87, down 80% from its peak around $5.36.
Whether or not Grayscale’s repeated support helps establish the bottom of these divisions depends on whether institutional funding follows the company’s philosophy.
A note Grayscale Says 5 Altcoins Are in the ‘Buy Zone’ appeared for the first time BeInCrypto.
