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Despite increased selling pressure within the crypto market, mid-cap altcoins have displayed a bullish price action, highlighting a rising interest of investors in these altcoins to maximize their profits during the ongoing market turmoil.
Institutional support has further boosted SUI's market position.
On a broadly positive day for cryptocurrency markets, traders turned to altcoins in their search for top crypto performers today, with various names outperforming Bitcoin (BTC) by a decent margin.
The layer-1 blockchain SUI network's native asset SUI outshines in today's downmarket with a 17.32% rise in 25 hours and a massive 101% growth in the last 7 days. SUI is currently trading at the 30-day high price of $1.05, hitting the psychological resistance of $1, the token lost this territory in mid-June.
The value of SUI, the native coin of Layer-1 (L1) blockchain Sui Network, has witnessed an impressive price rally in the past week. Exchanging hands at $0.90 at press time, the altcoin's price has climbed by 82% in the past seven days.
Sui recorded an impressive bullish run last week as the broader crypto market saw a rebound. But traders now expect a price correction for the asset.
Over the past seven days, Sui (SUI) has emerged as the standout performer in the crypto market, recording an massive 78% increase in its price. This surge positions SUI as the leader among the top 100 cryptocurrencies by market capitalization, significantly outperforming its peers, Helium (HNT) with a 60% increase and Bittensor (TAO) at 50%.
The cryptocurrency market has shown remarkable recovery in recent days, with significant developments that have caught the attention of traders and investors alike. After a period of volatility, the market has rebounded, with Bitcoin surpassing the $62,000 mark and SUI leading a notable rally among altcoins.
SUI Network is predicted to kill Solana's Layer 1 dominance after upgrading its transaction speed to 100K TPS.
Bitcoin bulls are trying to flip $60,000 to support, and if that happens, ETH, SUI, TAO and NOT could move higher.
Here is how some of your favorite assets concluded the week.
Following the cross-border market correction, the cryptocurrency market has added approximately $200 Billion to its valuation over the past week, indicating an increase in the bullish influence within the crypto space.
Two top-100 altcoins defied the crypto market downtick and witnessed big gains this week amid new fundamental developments. The decentralized Internet of Things (IoT) network Helium (HNT) announced on Friday that “two large US carriers” kicked off tests to unload their traffic onto the Helium MOBILE Network.
Sui (SUI), the layer 1 blockchain is making waves in the realm of cryptocurrency due to its impressive performance in recent days. Today on August 11, 2024, SUI has once again topped the crypto market with a notable price surge of over 11% in the last 24 hours.
The crypto markets have shown a huge disparity in recent times as the major tokens are fluctuating within a narrow range. The bulls are failing to elevate the levels, while the bears are waiting for the right time to enter.
SUI tops the crypto landscape as it skyrockets by 30% in the last 24 hours.
Sui Name Service in its recent X (formerly twitter) post informed the community that they are going to become a decentralized protocol. Sui Name Service or SuiNS launched on the main net in 2023 has gone through major updates a few months ago. This time, it brought more interesting news for its community.
Sui has surged by 38.57% since last Friday due to positive market developments and major news. Grayscale Investments launched two new crypto investment trusts, one including Sui, which boosted investor interest.
Amid this market volatility, the overall cryptocurrencies are experiencing a massive rally including top assets such as Bitcoin (BTC) and Ethereum (ETH). During this uptrend, SUI is making a wave following its bullish chart and significant price surge in the last 24 hours. SUI price analysis As of writing, SUI is trading near $0.
With the rising volatility in the cryptocurrency market, top tokens have recorded increased price action. However, with the recent market surge, the altcoin leader, Ethereum price has successfully reclaimed the $2.6K mark. This highlights a high possibility of a bullish rebound soon.
SUI price strongly recovered from $0.46 to $0.83 this week, registering an 80.5% rally. This sudden bullish turnaround can be attributed to the mid-week rebound in the crypto market and Grayscale's launch of a new SUI Trust fund.
SUI price impressed the market yesterday, noting the best performance among altcoins.
Despite the fears that the downtrend will continue, the crypto market resumes its bullish drive upward with the altcoin market showing the most significant gains. SUI is one of those tokens, gaining almost 31% in the past 24 hours as major cryptocurrencies like Bitcoin and Ethereum returned to pre-correction levels.
Can SUI's price reach a new all-time high? Discover the latest news and trends that could impact its future value.
