In this guide, we will voice our own and market’s opinion on SUN future while discussing the Sun (New) price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Sun (New).
Now, let’s head into it. Before we delve deep into the Sun (New) price prediction and answer questions if SUN is a good investment or not, why will SUN succeed or fail or why will Sun (New) price rise or drop, let’s quickly throw a glance at what SUN is and its to date history.
SUN Price Prediction For The Next 90 Days
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will SUN develop in the short-term (for the next 90 days), according to our prediction model:
Essential tools you need to succeed in crypto
Wallets
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor
✔️CoolWallet Pro.
Tax Calculators
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.
Trading Tools
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.
Sun (New) Price Prediction 2022
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
SUN Price Prediction 2025
Our prediction model sees SUN reaching $ 0.0112 in 2025.
What will SUN be worth in 5 years?
The price of SUN in 5 years could lie around $ 0, according to Captainaltcoin’s prediction model.
Sun (New) Token Price Prediction 2030 – 2040
What Sun (New) will be worth in 2030?
Our forecasting model sees Sun (New) reaching $0 in 2030.
What Sun (New) will be worth in 2040?
Our forecasting model sees Sun (New) reaching $0 in 2040.
Will Sun (New) replace / surpass / overtake Bitcoin?
No, Sun (New) will not replace or overtake BTC.
Can Sun (New) reach $0.10?
No, our prediction model sees no possibility for Sun (New) to reach $0.10 in the short or mid-term period.
Can Sun (New) reach $1?
No, our prediction model sees no possibility for Sun (New) to reach $1 in the short or mid-term period.
How high will Sun (New) go?
Our forecasting model sees Sun (New) price crashing and dropping to near 0 in a distanced future.
Is Sun (New) worth buying?
We do not see a bright future for Sun (New). It is worth buying only as a short-term speculation with a good exit strategy. Sun (New) is not a good long-term hold.
Is Sun (New) a good investment?
Sun (New) is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can Sun (New) make you a millionaire?
No, Sun (New) can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will Sun (New) be worth?
For the short-term future, it could reach $0.0031. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will Sun (New) succeed and go up in price?
Sun (New) has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Sun (New) to succeed and rise in price for the long-term.
What is the short-term prediction for Sun (New)?
Sun (New) will reach $0.0031 in the next 90 days, which is a 43% change over the current price which hovers around $0.0054.
Sun (New) Price Prediction Today - What will be the price of Sun (New) tomorrow?
Sun (New) will hover around $0.0055 tomorrow.
When to sell and exit Sun (New)?
That depends on your trading profile. If you believe in Sun (New) and think it has a bright future, holding the coin for at least a couple of years is a good idea. Taking profits on good investments is an even better idea. So if you are sitting on 100-200% or even more gains on your Sun (New), cashing out a portion of the funds is not a bad move.
Is Sun (New) halal to invest in?
Yes, Sun (New) is a halal investment. Generally, any coin that is not related to alcohol, adult industry, gambling or interest yielding activities (through lending & borrowing) is allowed for muslims, in principle. We advise you do more research and consult religious scholars on this matter.
Could Sun (New) crash and go to zero?
Sun (New) could very well be a dead project in 5 years or so. Once exchanges delist it and people can't trade it, you can call it a day - Sun (New) will be in a graveyard of crypto coins.
Read also:
- Chromia Price Prediction | CHR Price Forecast
- BitShares Price Prediction | BTS Price Forecast
- Balancer Price Prediction | BAL Price Forecast
- Render Token Price Prediction | RNDR Price Forecast
- Zenon Price Prediction | ZNN Price Forecast
- dKargo Price Prediction | DKA Price Forecast
- Karura Price Prediction | KAR Price Forecast
- Newscrypto Price Prediction | NWC Price Forecast
- LGCY Network Price Prediction | LGCY Price Forecast
- Sport and Leisure Price Prediction | SNL Price Forecast
- Morpheus.Network Price Prediction | MNW Price Forecast
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
