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Sui Network's DeFi ecosystem saw significant growth in 2024, with increased institutional interest, stablecoin offerings, and innovations like DeepBook V3 and Sui Bridge.

The price of Sui has dropped by 3.5% in the past 24 hours, yet traders are predicting that it will continue growing as its platform looks to rival Solana. The post Sui Is Down but Analysts Say It's Gearing Up to Become the “Next Solana” appeared first on Cryptonews.

It seems like every day Sui has some new big announcement. Given the fast growth of the project and its ecosystem, it's easy to see why.

Bitcoin's recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

The performance of Bitcoin (BTC -1.27%) this year has been nothing short of extraordinary. It's now up about 46% since the election on Nov. 5, and 146% year to date.

SUI has shown a remarkable bullish comeback, overcoming earlier setbacks with impressive strength. The cryptocurrency has steadily gained ground, attracting attention.

The crypto market shows signs of resurgence, offering investors lucrative opportunities. These four Altcoin to Hold stand out with potential for significant growth before 2025.

The native token of the decentralized smart contract platform Sui (SUI) kicked off the week with an all-time high of $4.96, buoyed by an overall bullish trend in the cryptocurrency market. The momentum was short-lived, as SUI experienced a significant retracement on Friday, plummeting nearly 30% to $3.49.

Sui Network, the layer-1 blockchain, has gained interest in the cryptocurrency space due to its excellent performance and speed. Since its launch in May 2023, Sui quickly positioned itself as a huge player in the blockchain platform sphere, especially in real-time applications such as gaming and DeFi.

TL;DR Grayscale Investments has launched the Grayscale Sui Trust, providing institutional-grade access to the SUI token without direct ownership. The trust, managing $12.88 million in assets, offers a simplified route for investors to participate in the SUI ecosystem, with shares tracking the SUI price minus fees and expenses.

Sui Network's native token, SUI, has become one of the standout performers in the cryptocurrency market, soaring by nearly 500% since September. This impressive rally has caught the attention of traders and investors alike, as SUI continues to show strength despite some market volatility.

Grayscale Investments has introduced the Sui Trust, managing $12.88 million in assets as of December 18, 2024, giving qualified investors institutional-grade exposure to SUI. Despite this milestone, SUIs price has fallen 12% to $4.13, while trading volume soared by nearly 109% to $3.1 billion.

Grayscale Investments has announced the launch of the Grayscale Sui Trust, providing qualified investors an opportunity to gain exposure to the SUI token in the form of a security. The trust, designed for institutional-grade access, offers a simplified route for investors to participate in the SUI ecosystem without directly holding the digital asset.

Thompson takes over for Greg Siourounis, who served as the Sui Foundation's managing director since its inception in 2023.

Meta veteran Christian Thompson is now the new Managing Director of the Sui Foundation.

Key Points:

The crypto market took a battering after Fed Chair Powell's speech at the FOMC meeting on Wednesday. However, Thursday has dawned brightly for the crypto market and a bounce is under way.

Sui price joined other altcoins in bouncing back after falling sharply following the hawkish Federal Reserve interest rate decision. It has been one of the best-performing cryptocurrencies this year, rising by 440%.

Sui Network's SUI token maintains its bullish market structure after a 500% rally since September, currently trading at $4.494 with strong technical indicators suggesting further upside potential toward $5.38.

Sui Network (SUI) has taken the cryptocurrency market by storm, delivering a stunning 500% rally in just under four months. The surge has caught the attention of traders and analysts alike, as the token continues to show strong bullish momentum.

At press time, the 23.6% Fibonacci extension level at $4.494 served as a short-term support.

Arkham Intelligence has partnered with Sui Network to integrate Sui blockchain data into its analytics platform. The collaboration will provide Sui (SUI) users access to Arkham's tools, including dashboards, entity and address pages, real-time alerts, and visual tracing features.

SatLayer, a Bitcoin restaking platform, announces strategic partnership with Sui blockchain to expand Bitcoin's utility in DeFi, aiming to merge Bitcoin's security features with Sui's rapid transaction processing capabilities.

SatLayer, a leading Bitcoin (BTC) restaking platform, and Sui, a prominent Layer 1 blockchain, have announced a strategic partnership to advance Bitcoin DeFi (BTCfi) by integrating Bitcoin's liquidity and security into the Sui ecosystem, as learned by Finbold on Wednesday, December 18.