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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.
With Sui (SUI) poised for a major breakout above the $1 mark, excitement is building among investors. At the same time, the innovative meme coin Mpeppe (MPEPE) is gaining momentum, aiming to establish itself as a dominant player in the crypto space, particularly with its integration into online gambling and decentralized finance (DeFi).
The cryptocurrency market has been buzzing with excitement recently, especially with the performance of Sui (SUI) and the emergence of new gaming-related cryptocurrencies. One of the most notable moves in the market recently came from a prominent Sui (SUI) whale who added a staggering $5.4 million to their holdings, including the new mobile gaming cryptocurrency, Mpeppe (MPEPE).
A closely followed crypto strategist believes that one decentralized finance (DeFi) altcoin is gearing up for “explosive” rallies. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that the native token for lending platform Aave (AAVE) could soon spark another leg up after trading in a range for weeks.
A bullish symmetrical triangle pattern appeared on the token's chart, which could result in a 50% bull run.
In this article, we analyze the graphical situation of the altcoins Sui and Cardano, with the two cryptos ready to mark an important movement.
Bitcoin remains below $55,724 support, but the selling may be reducing, increasing the possibility of a relief rally in UNI, SUI, OP and HNT.
SUI price surged over 5% to $0.935 during the Sunday trading session. Along with the general market uptick, the bullish momentum in SUI price can be attributed to the recent launch of stablecoin AUSD and TVL growth.
Sui, the so-called ‘Solana killer,' has done well in the past few weeks, making it one of the best-performing tokens in the industry.
Aside from SUI, the other notable gainers from the larger-cap alts include AVAX and XMR.
As the broader cryptocurrency market continues to fluctuate, Sui (SUI) investors are seeking new opportunities to diversify their portfolios. While SUI has shown impressive growth recently, a new player in the crypto space, Mpeppe (MPEPE), has caught the attention of these investors, primarily due to its 150% presale gains and recent announcements that have energized its community.
Following an announcement in May, the stablecoin AUSD is now live on the Sui Network.
SUI showed a remarkable performance on Friday amid the market retrace. Following Bitcoin's drop to the $55,000 mark, the cryptocurrency was among the few tokens showing green numbers with an 8% surge.
