Latest News

SUI outperforms the bulk of the crypto market with a strong double-digit gain, but is the rally sustainable?

Following Grayscale's launch of its Sui Trust, the coin has surged to become the top-performing crypto asset in the past 24 hours.

The company says it has nearly 80,000 printers spread across 120 countries.

SUI is gearing up for a critical move as bullish momentum builds, setting its sights on the $1.16 resistance level. After a period of consolidation, buyers are showing renewed interest, driving the price higher and sparking hopes of a potential breakout.

Grand Cayman, Cayman Islands, 12th September 2024, Chainwire

Leading crypto asset manager Grayscale announced the launch of its SUI Trust. The trust is now open to all eligible accredited investors.

The Sui blockchain has grown to a vibrant Web3 ecosystem with over $712 million in TVL and nearly $400 Million in stablecoins market cap.

SUI Open Interest is currently at the highest level in five months

As many assets in the cryptocurrency market start to slowly recover after recent losses, Sui Network (SUI), the so-called ‘Solana (SOL) killer' or the ‘next Solana-like big mover' has skyrocketed almost 18% in the last 24 hours, catching the attention of many crypto traders.

As the crypto market enters September, several key players are beginning to stand out with remarkable gains. Among them, Sui (SUI) has captured significant attention by rallying 20%, making it one of the top-performing assets this month.

As the crypto market continues to evolve, innovative projects are emerging to challenge established giants like Bitcoin and Ethereum. Two such projects, Sui (SUI) and GoodEgg (GEGG), are making waves in the industry, with analysts predicting that these Web3 leaders have the potential to reshape the crypto landscape.

As the cryptocurrency market faces fluctuating trends, savvy investors are beginning to shift their attention toward emerging projects that demonstrate resilience and growth potential. With concerns over Bitcoin's (BTC) volatile price trajectory following Arthur Hayes' bearish predictions, both Sui (SUI) and GoodEgg (GEGG) are quickly gaining favor among investors looking for the next big opportunity.

SUI price broke above $1 on Thursday, Sept 12, reflecting a remarkable 127% breakout as it's highest volumes from brigded Ethereum assets in the past month.

The global cryptocurrency market cap rose early Thursday as upside momentum during the Asian trading hours pushed Bitcoin (BTC) to a one week high above $58,400. Several altcoins followed suit, with outperformers being Sui (SUI) and Artificial Superintelligence Alliance (FET). Amid broader market gains, Nano (XNO) and NEM (XEM) also rose.

Sui recorded notable price actions over the past day, becoming the highest gainer among the top 100 cryptocurrencies by market cap. The altcoin climbed from the daily low of $0.8696 to $1.0296, translating to an 18.41% uptick. Meanwhile, Grayscale's announcement about launching SUI Trust catalyzed the significant rallies.

Sui recorded an impressive bullish run last day propelled by Grayscale's recent move to open its Sui Trust to accredited investors. Sui (SUI) registered a 17% price surge over the past day — rising from $0.74 on Sep.

SUI has seen a huge price jump, rising over 16% in just 24 hours!

SUI beat BTC and ETH in the early hours of East Asia trading.

Over the last week, despite the increased volatility in Bitcoin and Ethereum before the CPI data release, SUI maintained a bullish trend. SUI price upheld a 15% rise then to rank among the top weekly performers.

Sui price is on a tear, gaining 13.1% in the last 24 hours and becoming the largest gainer in the top 100 coins on CoinGecko. The reason for the surge in price could be tied to an announcement from Grayscale regarding launching Sui Trust.

On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees.

Grayscale has announced that its recently launched Sui Trust is now open to qualified investors. The digital assets manager said in an announcement on Sept.

Ethereum competitors, such as Solana (SOL), Tonoin (TON), Tron (TRX), Cardano (ADA), and SUI, are likely to draw investors' attention as ETH price correction over the past six months. The bearish momentum accelerated as the Ethereum network was attacked by crypto hackers and growing speculation behind CEO Vitalik Buterin selling his holdings.

The Bitcoin (BTC) price displays a bullish momentum after touching the $58k wall after a brief drop. However, recent alarming price predictions by Arthur Hayes about BTC's price have triggered a wave of speculations among large stakeholders with the price rally losing steam below critical thresholds.