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SUI is experiencing a notable pullback after its recent rally, with multiple key support levels coming into focus. As the price edges lower, these areas will play a pivotal role in determining whether the asset can regain its bullish momentum.
While the prices of most digital assets endured a significant correction over the past week Sui, a Layer-1 cryptocurrency network boasting high-performance and “infinite scaling” has seen the price of its native token surge to a new all-time high of $2.16.
SUI and Aptos (APT), both of which are on an upward trajectory. With SUI recently surpassing the $2 threshold and Aptos approaching the significant psychological level of $10, there's growing speculation about their potential to spearhead the next rally in the crypto market this October.
TL;DR SUI Ecosystem Market Cap: The SUI ecosystem's market cap has reached $8.54 billion, driven by SUI and First Digital USD (FDUSD), with daily trading volumes exceeding $6 billion. Capital Flow from Ethereum: SUI has captured over 9% of Ethereum's capital flow, positioning it among the top three altcoins by netflow, alongside Ethereum and Solana.
The SUI ecosystem is gaining significant traction this October, breaking records and attracting investor interest. While many altcoins struggle, SUI has reached a new peak of $2.16.
The Sui Foundation has announced that Circle's USDC stablecoin will be available natively on the Sui network, with the NAVI Protocol set to integrate the asset from day one. This integration — shared with crypto.
First it was gaming and NFTs. But now Sui is making inroads into the world of DeFi.
With a 2.66% pullback in the past 24 hours, SUI has lost its dominance over the $2 psychological mark. Currently, the SUI price is trading at $1.92 with a market cap of $5.30 billion.
Circle, issuer of the the second-largest stablecoin by market capitalization, USD Coin, has officially launched USDC on Sui, a Layer-1 blockchain.
SUI has been one of the few assets that appears to be having a lone bull run despite the struggle of certain cryptocurrencies in the market to reclaim their major highs. Over the past month alone, SUI has increased by more than 100%, with its 7-day performance still seeing green up by 11.8% after nearly touching its all-time high of $2.17 yesterday with a 24-hour high of $2.13.
SUI, the native coin of Layer-1 (L1) blockchain Sui Network, has been on a tear lately. It currently trades at $1.92, noting a 115% price growth over the past month.
October has seen a significant divergence in cryptocurrency market activity between Sui (SUI) and a fresh entrant into the space, Dogizen.
Michaël van de Poppe, a prominent figure in the cryptocurrency trading community, recently articulated his optimistic outlook for two specific altcoins: Sui Network (SUI) and Bittensor (TAO). With expectations that both could reach new all-time highs, van de Poppe's insights are especially pertinent for investors seeking opportunities in the current market landscape.
The SUI ecosystem continues to capture investor attention this October, setting multiple notable new records.
The announcement was officially made by the USDC issuer, Circle, at a time of strong growth for the new chain.
Circle has released a comprehensive guide detailing the migration process from bridged USDC to native USDC on the Sui Mainnet, emphasizing best practices and benefits.
Sui (SUI) price has recently experienced a notable rise in market value, standing out even as the broader cryptocurrency market struggles. Over the past week, SUI has defied the downturn, continuing its upward momentum after being one of the top-performing large-cap cryptocurrencies in September.
Layer-1 chain Sui (SUI) has been capturing significant attention lately. As of this writing, SUI has surged by 125% over the past 30 days and has skyrocketed 345% from its yearly low of $0.46 on August 5.
As markets brace for the release of FOMC minutes, meme coins are experiencing a surge in activity, with DogWifHat (WIF) and SPX6900 (SPX) leading the charge. Additionally, Sui is witnessing a significant influx of trading volume.
Crypto Market Highlights: The cryptocurrency market capitalization stands at $2.17 trillion, down 0.79% in the last 24 hours, while intraday trading volumes rose by 32.09% to $78.72 billion. Investor sentiment is still neutral, with the Fear & Greed Index at 41. In the larger market, Chinese stocks listed in the United States have fallen dramatically.
USDC, a major stablecoin, is now available on the Sui Mainnet, enhancing liquidity and value transfer within the DeFi ecosystem as Sui's TVL surpasses $1 billion.
Sui Network gains momentum; $4 price target appears achievable amid rising adoption.
Sui received a major boost after stablecoin issuer Circle announced support for native USDC on the layer-1 blockchain platform's mainnet. Circle announced native USDC (USDC) was live on Sui (SUI) on Oct. 8.
Circle has introduced native USDC on the Sui blockchain, enabling seamless access to USDC liquidity without bridging. This development supports Sui's expanding ecosystem of over 85 applications.
