Is SUI ready for a major breakout? Here's what you need to know
Sui's bullish breakout could push prices to $1.50 and beyond as market momentum builds.
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Sui's bullish breakout could push prices to $1.50 and beyond as market momentum builds.
Sui has earned a reputation for its technical innovations, but is it the next “Solana Killer”? Industry experts assess both platforms' relative strengths.
Sui price has embarked on an unstoppable bull run, making it one of the best-performing cryptocurrencies in the industry. It soared to a high of $1.1752 on Wednesday morning, its highest point since April 30th and 151% above its lowest point in August.
A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that.
SUI, the network's native token, is up over 10% following the news and currently exchanging hands for $1.15.
The Sui Foundation has announced a new partnership with MoviePass, the U.S.-based movie subscription service. According to a press release shared with crypto.
Despite top cryptocurrencies struggling around their important resistance levels, the altcoin market has picked up pace over the past few days. Moreover, many tokens have recorded a double-digit surge.
Circle plans on launching the USDC stablecoin on Sui sometime soon, according to Circle CEO Jeremy Allaire.
The revived MoviePass unveiled plans to integrate USDC via Sui to pay for subscriptions, plus the Sui Foundation has taken an equity stake.
Circle announced that USDC will soon be supported on the Sui blockchain, and will improve the network's security, usability, and interoperability.
Singapore, Singapore, 17th September 2024, Chainwire
The Sui Network is set to integrate USDC, enhancing DeFi utility and interoperability through increased liquidity and streamlined transactions.
Circle has announced its decision to launch its USD Coin (USDC) on the Sui network, a move that has promptly propelled the price of Sui (SUI) cryptocurrency. This initiative marks a continuation of USDC's expansion across multiple blockchain platforms, now totaling sixteen with the addition of Sui.
TL;DR USDC on Sui Network: Circle CEO Jeremy Allaire announced that USD Coin (USDC) will soon be natively supported on the Sui network, enhancing its interoperability and functionality. What is USDC?: USDC is a stablecoin pegged to the US dollar, widely trusted, and used across over 15 blockchain networks, including Ethereum and Solana.
Jeremy Allaire, Circle's Co-founder, Chairman, and CEO, hinted that native USDC would launch on the SUI ecosystem. An official ambassador of the SUI network, Edle, confirmed that many users hesitated to bridge USDC or USDT from Ether to SUI due to slow speeds and high gas fees.
Circle has recently integrated USDC, its flagship stablecoin, into both Sony's Soneium, an Ethereum layer-2 solution, and the Sui blockchain.
Circle, the issuer of USD Coin (USDC), is expanding its stablecoin to the Sui network, a layer-1 (L1) blockchain platform.
With the first Fed rate cut coming in tomorrow's FOMC meeting, the change to a looser monetary cycle is beginning. Bitcoin and crypto are likely to be beneficiaries of this easing.
Stablecoin issuer Circle is expanding its native issuance of USD Coin (USDC) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui. In a Sept.
Users and developers on Sui will benefit from a more seamless experience with USDC.
The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol.
Sui Network announces plans to integrate native USDC and Cross-Chain Transfer Protocol
Sui will soon integrate native USDC and CCTP, boosting its blockchain's liquidity and cross-chain transaction capabilities.
SUI shows bullish potential with price momentum and growing ecosystem.