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Ethereum's most feared cryptocurrency, Solana ($SOL), is facing stiff competition from new scaleable Layer 1s that are growing in price at a much quicker rate.
Layer-1 (L1) blockchain Sui has achieved a series of milestones over the past month. This positions its native coin, SUI, to potentially reclaim its all-time high of $2.16 in October.
SUI has merely displaced LTC by a single spot as they both currently sit comfortably at the 20th and 21st spots.
Following the lead of Bitcoin (BTC), the altcoins are starting to break out and recover their lost gains of the last six months. $SUI, $INJ, and $FTM are among the altcoins currently making the fastest progress to the upside.
SUI is not suffering from today's unlock, but TIA is for the end-of-month unlock.
Two meme coins are today's top performers.
Sui is gaining traction with bullish signals, showing potential for a continued uptrend.
Crypto Prices Today, October 1: The broader market on Tuesday saw a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price saw a waning action, resting at the $63K level today.
SUI has seen a 15% surge in the past week following its remarkable price action throughout Q3. The cryptocurrency's performance continues to fuel investors' sentiment, but some believe the upcoming unlock event could hinder its rally toward a new all-time high (ATH) next quarter.
Sui cryptocurrency is making headlines as it witnesses a significant price surge, increasing by 10% in just 24 hours. This remarkable rise is part of a broader bullish trend, with SUI experiencing a staggering 125% increase over the past month.
After a strong bullish trend, the Sui (SUI) price has consistently climbed over recent weeks. This upward momentum has culminated in an impressive 126% increase in the past month.
Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability.
SUI is a closely watched L1 chain with accelerating inflows in the past month. The launch of a native version of the AUSD stablecoin and its usage to pay for gas fees further boosts liquidity on SUI.
Layer-1 blockchain Sui (SUI) is all geared up to unlock 64 million tokens on October 1, which is 2.40% of the total circulating supply. SUI is witnessing heightened investor interest as the crypto community eagerly awaits the token release.
TL;DR By October 2024, $1.3 billion worth of tokens will be unlocked on the market. Notable projects include Celestia, Sui and Aptos, with major releases scheduled. Investors should be on the lookout for potential impacts on cryptocurrency prices due to these unlocks.
Recently, SUI gained significant strength, which pushed the prices above the important resistance zone, which can be considered as a last pitstop before the highs. The token has formed a massive bullish pattern and after achieving the levels around the neckline, a gigantic bullish run could be imminent.
Layer-1 blockchain Sui (SUI) is set to unlock 64 million tokens on October 1, representing 2.40% of the total circulating supply. As the crypto community eagerly awaits the release of these tokens, SUI is experiencing heightened investor interest.
Crypto expert Ben Armstrong, aka “BitBoy Crypto,” highlights 8 key cryptocurrencies to watch during this bull season, targeting a potential $16 trillion market. He stressed that consistency is important, but being open to new data and volatile market trends sets successful traders apart from those stuck in the past.
The largest token unlock of the month belongs to Celestia, which will unlock 175.56 million TIA tokens on October 30.
SUI surged 115% in September, becoming the top-performing altcoin and reaching a five-month high. At press time Sui (SUI) was trading at $1.77 recording a 7% price jump over the day while its market cap surged past $4.
Sui cryptocurrency has seen a significant price surge, rising 10% in 24 hours and 125% in a month, bringing it close to its all-time high of $2.18 amid increased market interest and positive technical indicators.
This week marks an exciting period for the crypto market, with key events expected to drive market sentiment. At the forefront are the highly anticipated remarks from Federal Reserve Chair Jerome Powell and a significant $100 million token unlock by SUI.
The upcoming $1.3 billion token unlock could significantly impact market dynamics, potentially increasing selling pressure and volatility. The post Celestia, Sui, and Aptos set for $1.3 billion token unlock next month appeared first on Crypto Briefing.
Sui (SUI) price, a prominent layer-1 blockchain, is experiencing a significant uptrend. The SUI tokens have recently risen sharply, showcasing a strong bullish momentum.
