There is not only Bitcoin: analysis of Sui and Shiba Inu

In this early part of September, the trend of the crypto markets is still very much tied to that of Bitcoin

However, the Bitcoin season is now behind us, and the chances seem to be increasing that sooner or later an altseason might also arrive.

Today we specifically analyze the price trends of Sui and Shiba Inu in relation to this latest hypothesis

Price Analysis of SUI and Shiba Inu: A Comparison with Bitcoin

In the case of altseason, Sui could be one of the most interesting cryptos to follow

The reason is that it has never yet gone through a major speculative bubble

In fact, Sui was launched on the crypto markets in 2023, that is, two years after the last major speculative bubble

Its initial price was about $1.4, but over the following months, that turned out to be a somewhat exaggerated initial price, and by the end of the year, it had already plummeted to $0.4.

However, that decline also proved to be excessive, so much so that in the early months of 2024 it not only returned above the initial price, but ended up recording a peak at $2.

Over the following months, it fell back to $0.6, indicating that it was a highly volatile crypto in the medium term, so much so that with the Trump-trade at the end of the year, it ended up jumping to new all-time highs even above $5.3.

In April 2025, it had returned to $2, while now it has risen to $3.3.

In the event of an altseason, this volatility could also end up generating a significant speculative bubble, although financial bubbles always burst sooner or later

To all this, it should be added, as previously mentioned, that the price of Sui has not yet experienced a large speculative bubble, but only two mini-bubbles which, however, have subsequently generated ascending lows

However, it should also be noted that its current market capitalization of 12 billion dollars already seems quite high, even though, for example, Dogecoin, which is not a serious project like Sui, briefly exceeded 70 billion in 2021. Shiba Inu, for instance, at its peak reached about 36 billion

The trend of Shiba Inu

Shiba Inu is something completely different from Sui

In fact, Sui is absolutely one of the most interesting DeFi protocols currently in circulation, among those born after the 2021 bubble, while Shiba Inu remains a memecoin with almost no real use

In fact, the attempt to transform Shiba Inu from a mere memecoin token into a more complex crypto project seems to have failed, or in any case, has now been surpassed by several other entities, including, for example, Sui

It is no coincidence that after the sensational boom of 2021, when the price of SHIB briefly exceeded 86 millionths of a dollar, a dramatic crash occurred that brought it back to 7 millionths in 2023

Furthermore, during the Trump-trade at the end of 2024, its price couldn’t even return to the local highs of early 2024, indicating precisely a trend of decreasing highs

The current price of about 12 millionths is not only still 85% below the highs, but it is even lower than that of February 2023

The growth potential of a memecoin that has already gone through a major speculative bubble is generally lower compared to memecoins that have not yet experienced this, or other younger and more performing altcoins. Therefore, one should not expect much, compared to those that will perform better

The Trend of Bitcoin

Everything in the current phase seems linked to Bitcoin

Already today the price of BTC is showing signs of strength, especially in anticipation of the data regarding the performance of the US labor market in August.

The point is that such data could turn out to be below expectations, which would increase the likelihood that the Fed will cut rates multiple times by the end of the year

It should not be forgotten that, in theory, the conditions for a further rise in the price of BTC are present, especially since the selling pressure is at the lowest of the current cycle, and in the event of a significant increase in buying pressure, a new rally would be expected

The medium-term price trend of Bitcoin tends to be inversely correlated with the Dollar Index, and the Dollar Index tends to fall when the Fed’s monetary policy becomes more accommodative, or at least less restrictive. A reduction in interest rates would fall into this latter scenario, and would therefore be compatible with both a decline in the Dollar Index and a rise in Bitcoin

In the current cryptocurrency market, the sentiment among investors is divided between bull and bear. While some analysts predict a bullish trend due to increasing institutional interest, others warn of a potential bearish correction following recent price surges. The volatility remains high, and traders are advised to stay informed and cautious.

Generally, true altcoins are triggered when the price of Bitcoin rises and attracts FOMO, but then stops rising significantly. If at that point the FOMO does not dissipate, it shifts to altcoins, initiating an altseason