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As the cryptocurrency market enters a new week, several digital currencies are experiencing notable gains, fueled by Bitcoin's robust performance. Bitcoin, the leading asset, is seeing impressive traction alongside emerging meme coins like Hamster Kombat and POPCAT. The overall landscape is vibrant, attracting keen interest from investors and traders alike.
As we head into “Uptober,” the cryptocurrency market is buzzing with potential opportunities. While Ethereum continues to lead the charge in decentralized finance (DeFi) and smart contracts, its price struggles to find a bottom, with a 3-month return down by 18%.
Sui has surged more than 20% in 24 hours to reach its highest price level in six months, amid positive news from crypto exchange Bybit. Bybit announced support for Sui (SUI) as a native ecosystem pool token on Oct.
Sui has become cheaper and faster than Solana, cementing its position as a formidable alternative.
The daily transaction volume on the Sui blockchain has skyrocketed by 115%, indicating increased demand and potential for a breakout above the $2.00 mark.
Bybit Launchpool now supports the SUI pool, its first native token pool. Bybit also replaces the USDT pool with USDC and introduces the NAVI token in the SUI ecosystem.
With Bitcoin price reclaiming the $63k mark, the cryptocurrency market has recorded a strong bullish recovery over the past day. Moreover, the Sui coin price has regained traction and is on the verge of reclaiming the $2 mark.
Among the altcoins, $SUI and $APT put on two impressive runs over the last several days that took them both to gains of at least 10% for the week. Can these positive gains be maintained going forward?
Sui (SUI), a Layer-1 blockchain, has recently experienced substantial growth, particularly in daily transaction volume. In tandem with this spike in activity, SUI's price has climbed by 10% in the last 24 hours.
SUI token surges 115% in 30 days, driven by memecoin rally and network growth, reaching $1.69 amid increased transaction volume and total value locked.
With the crypto market witnessing almost $100M in short-side liquidations, the bull run chances are increasing amid Q4 rally chances. Further, as the BTC price is inching closer to surpassing the $65k mark as the buying pressure increases, the altcoins prepare to launch a new bull run.
Charles Hoskinson, the founder of Cardano (ADA), addressed the crypto community from London amid a European tour that included Italy and Switzerland on Sunday. In a video update, Hoskinson dispelled rumors about his commitment to ADA while offering insights into other blockchain projects, notably Sui.
SUI price has been experiencing an upward trend recently, making it a potential contender for reaching a new all-time high (ATH). However, shifting investor sentiment suggests that the altcoin may struggle to achieve this milestone.
The global crypto market cap ended last week with a 7% drop, losing $160 billion as it closed at $2.15 trillion.
The Layer 1 blockchain network SUI is currently in the spotlight. A few days ago, Sui became the first blockchain to activate a secure alternative to the Border Gateway Protocol.
Cardano founder Charles Hoskinson has again shaded the Solana network while praising the Sui network as a better option. Although Hoskinson was full of praise for Sui, he asserted that Cardano remains the number and gave reasons why he believes so.
Cardano founder Charles Hoskinson has commended the team behind Sui, a fast-rising blockchain network that has recently gained significant traction.
SUI is currently testing a crucial supply zone following a massive 95% surge triggered by the Federal Reserve's recent interest rate cut announcement. The explosive rally, driven by significant buying pressure, has led to volatile price action, raising questions about whether this upward momentum can be sustained.
SUI, one of the best-performing altcoins in the top 100 cryptocurrencies, has seen a remarkable price surge of 110% in the last 30 days. This impressive price rise, driven by high demand and speculative trading, has pushed SUI's price to new highs.
Despite Bitcoin's shaky start to October, APT, POPCAT, and SUI led the weekly gainers list.
SUI has a robustly bullish structure on the daily chart, but the $1.81 resistance is pivotal.
Crypto activity is dynamic, and with over two million tokens (and growing), it is hard to know precisely which of these coins will pump and on which network. Admittedly, meme coins have been dominating headlines, especially on Solana.
Sui announced that it has adopted SCION as a defensive strategy to protect its layer 1 blockchain. SCION has been advertised as a means to help nodes prevent unauthorized traffic manipulation.
SUI gained 115% in a month after integrating USDC into its blockchain, which resulted in a parabolic surge in user and network activity.
