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A crypto strategist who continues to build a following with timely altcoin calls believes that one memecoin is poised to witness a big burst to the upside.
SUI price is showing signs of recovery as the indicators begin to improve. The coin is up almost 20% in the last 24 hours, but new gains could happen soon.
SUI has made headlines recently, but not for the reasons many investors hoped. After reaching a new all-time high earlier this month, the altcoin has seen a staggering 21% drop in its price, raising eyebrows and concerns among traders.
In a significant development within the cryptocurrency sector, Transak reported a 300% month-over-month (MoM) increase in transaction volume through Sui Wallet in September 2024. This surge continued into October, with transaction volumes accelerating further, highlighting the growing adoption of Sui's ecosystem.
As Bitcoin ($BTC) prepares to take out its all-time high, the rest of the cryptocurrency market is generally sitting back and watching developments. However, two altcoins are timing their runs to coincide with the Bitcoin surge, and they are $SUI and $APT.
Today's trending coins have shifted compared to the list BeInCrypto analyzed yesterday, October 28. According to data from CoinGecko, a new altcoin has entered the ranks of the most searched cryptocurrencies in the last 24 hours, replacing some of the previous contenders from last week.
Sui, a fast-growing Ethereum and Solana rival, went parabolic on Tuesday, Oct. 29, amid its expanding market share in key areas of the blockchain industry. Sui (SUI) token rose by 13%, retesting the psychologically important resistance point at $2.
The developers of the Telegram-based game MemeFi have announced a significant shift in their token launch strategy, moving from the Ethereum layer-2 network Linea to the Sui layer-1 network.
Transak, a cryptocurrency platform, has reported 300% month-over-month growth in transaction volume in Sui Wallet for September 2024, as per the updates shared with Finbold on Tuesday, October 29.
Dogecoin's recent performance has injected optimism into the broader cryptocurrency market as the token approaches a pivotal resistance level. The digital asset, which had stagnated near $0.1, has surged with growing bullish sentiment and increasing volume. This upward trend hints at Dogecoin's potential to break out and reach a target price of $0.15.
The SUI price has rebounded from crucial support, which hints towards the presence of the bulls over the platform. The price was consolidating above the local support after the drastic fall from the levels above $2.
In a surprising move, the Bitcoin price closed the daily trade above $71,400 and woke up the bulls within the market. The Dogecoin price was on its way to hit $0.15 but now it's attempting to clear the major resistance above $0.16.
After an impressive 20% surge, the big question now is whether Sui price is primed to hit the $5 mark. An analyst has projected that Sui is in the middle of the third impulse buying Elliot wave that could send the price to $5 when it tops out.
MLS Quest lets soccer fans collect digital video collectibles on Sui both online and via real-world events, complete challenges, and buy and sell the NFTs.
SUI prepares for a significant token unlock this week, introducing 64.19 million tokens into circulation.
Bitcoin (BTC) and the altcoins have shown significant price actions in the crypto market. The overall crypto market's daily trading volume surged by 22.63% as per CMC data.
Over the weekend, most altcoins struggled to make significant gains. Yet, as a new week kicks off, one of the top trending cryptocurrencies today has managed to see a price increase, while the other two are down over the past 24 hours.
Despite a notable 6% drop in Sui price, surging daily inflows have caught the attention of the broader market. This paradox raises questions about Sui's current state and whether the correction phase has concluded.
SUI price recently reached a new all-time high (ATH) earlier this month, driven by a wave of optimism among traders. However, the altcoin has since dropped by 21%, breaking through a key support level and triggering concern.
Over $1.5 billion in crypto tokens is set to flood the market this week, led by major unlocks for TIA, SUI, MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc. which will see huge amounts added to their circulation.
SUI has a track record of drawing capital from high-cap altcoins in bearish markets. Does this ensure a rebound?
Sui Network has announced that the fix for its staking reward distribution issue will go live on October 27, 2024, at 17:30 UTC, coinciding with the start of epoch 564. The problem began on October 24 during the transition to a new epoch, which triggered a bug that prevented the distribution of staking rewards for
SUI, the native token of the Layer-1 blockchain Sui, recently reached an all-time high of $2.36 on October 12. However, a surge in selling pressure has halted the token's upward trajectory.
As SUI dips further into bearish territory, technical indicators are increasingly signaling a challenging path ahead. A key measure, the Relative Strength Index (RSI), has turned negative, suggesting that selling pressure is mounting and that more downside may be on the horizon.
