SUI Crypto Price Prediction: Meta's New Blockchain Project Could Be a Top Candidate

Three years after shelving its Diem project, Meta is cautiously stepping back into the crypto space, and SUI crypto might be a top candidate.

Three years after shelving its Diem project and pulling back from a high-profile cryptocurrency venture, Meta is reportedly making a cautious return to the crypto domain.

According to reports, the social media giant is in the early stages of discussions with several crypto firms about integrating stablecoins into its sprawling payment network.

This development comes after rumors swirled online yesterday, hinting at Meta's involvement with SUI crypto and its flagship stablecoin, USDC.

Complementary Tech for High-Speed Transactions

After shutting down its blockchain project, Diem, in 2022 due to regulatory hurdles in the U.S., Meta is now said to be exploring how its own payment technology could be adapted for several stablecoins.

These discussions are said to be focused on efficiently processing international payments, particularly for content creators who often face difficulties and high fees when transferring small amounts of money across borders.

The technological groundwork was initially laid during the Diem era, which saw the company attempt to launch a cryptocurrency called Libra. Although that project was shelved, the engineers went on to develop Aptos, a blockchain that is known for its high-speed transactions and low latency.

Furthermore, Aptos uses the Move programming language, which is designed for developing lightweight and maintainable smart contracts, a technology that has been a key focus area for Meta's crypto efforts.

SUI Crypto: A Top Contender for Meta’s Cryptocurrency Partnership

Following the closure of its Diem project in 2022 due to regulatory pressure in the U.S., Meta is reportedly making a return to the cryptocurrency domain, this time with an emphasis on stablecoins.

According to reports, the social media giant is in preliminary talks with several crypto firms about integrating stablecoins into its extensive payment infrastructure.

Meta is considering adopting major stablecoins like USDC or exploring the possibility of something based on SUI crypto for facilitating smaller, international payments, particularly for content creators who encounter difficulties and high fees with traditional methods.

This aligns with the company's aim to provide a more cost-effective solution for creators worldwide.

This is why $SUI got front run yesterday. @Meta in talks to deploy stablecoins three years after Regulators FORCED them to stop the Libra project, now @SuiNetwork. https://t.co/QA6Ht7hTMz pic.twitter.com/XizFWKfaIH

— MartyParty (@martypartymusic) May 8, 2025

SUI has seen its token price rise by 21.46% in the past 24 hours, currently trading at $3.95.

SUI Price Prediction and Bullish Momentum

Technical indicators are showing sustained upward momentum for SUI. A breakout from an inverse head and shoulders pattern, a classic bullish trend reversal signal, has transformed previous resistance into new support.

99Bitcoins analysts highlight key accumulation zones between $3.20 and $3.30, while profit targets are seen at $3.80 and $4.65.

Volume and demand are visibly increasing, and SUI's technical setup bodes well for further upside. As long as the current support levels hold, SUI is likely to attract more attention from both institutional and retail investors.

This is what peak performance looks like $SUI pic.twitter.com/PnlHuWrRWo

— funkii.sui (@funkiidotsui) May 8, 2025

Stablecoins, with their ability to simplify cross-border payments and reduce fees, are becoming mainstream financial solutions, largely free from the volatility and speculation associated with other cryptocurrencies.

Although SUI has a small stablecoin network, it recently crossed $1 billion in total value.

If SUI can formalize a partnership with Meta, a move to $10 would be within the realm of possibility, considering the vast user base and technology that Meta brings to the table.