Sun Price Prediction: Is SUN Worth Buying?
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Table of Contents
Sun Fundamental Analysis
SUN is a token on the TRON blockchain, initially conceived as a “TRON’s Bitcoin” and meant to popularize DeFi as per the TRON’s founder Justin Sun’s vision. It was launched in autumn 2020. In May-June 2021 SUN went through a massive upgrade, resulting in the complete overhaul of its mission, infrastructure, and even the token itself, which was redenominated and swapped with the new version of SUN with the ratio of 1:1000. This process was completed on June 23, 2021.
The new SUN is not just a currency or a governance token like it used to be. Now it represents SUN.io – TRON’s one-stop platform, primarily used:
- as a low-fee, low-slippage stablecoin swap (initially allowing USDT, USDJ, and TUSD, but planning to add more)
- for token mining, which is possible either by participating in liquidity pools or staking.
Those additions may help popularize the network, as the token gained more utility and earning potential. The infrastructure’s upgrade also expanded the functionality of SUN as a governance token, which helps make the project more community-driven, which has been one of its main goals from the start – it’s described in the whitepaper as a “social experiment”. Of course, it’s also still aimed to facilitate the wider adoption of DeFi.
Sun Live Price Chart
The old SUN token’s price has fluctuated a lot since the token debuted in September 2020 at around $23. SUN’s price went down later, reaching levels just above $6 in the mid-winter. However, by the spring of 2021 it was in an upswing, hitting $50 in April. SUN entered the redenomination period in late May with the price bouncing inside the $20-$30 range, which meant that after the swap those same prices turned into $0.02-$0.03. There isn’t yet enough data beyond those numbers, as the swap was completed only in late June, so it’s hard to make any SUN price predictions in the long term.
