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In a stunning comeback, the price of Sui token has soared to new heights, painting an impressive picture in the cryptocurrency market. Reaching an impressive $1.61 on the back of a solid 50% weekly rally on Tuesday – its highest point since May 3rd of the previous year – Sui has proven to be one of the standout performers of 2024.
The crypto prices today indicate a complete positive shift since Bitcoin (BTC) has now surpassed the $43,000 mark while several major altcoins are rallying. In addition, Ethereum (ETH), the second-largest crypto by market cap, witnessed a noteworthy upswing today.
SUI's token price soared to a new high of $1.58 while TVL on SUI tops $411, surpassing Coinbase's Base and Cardano.
TL;DR Unstoppable Token Growth: Sui has seen a 350% increase in its native token, reaching $1.46 in just three months, standing out in the market.
Sui's native token, SUI, has experienced a remarkable nearly 350% increase over the past three months.
Crypto Price Prediction: The cryptocurrency market commenced the new week with stability, as several major digital currencies aimed to build upon the rebound observed last week. Bitcoin, the leading cryptocurrency, is currently experiencing a 0.61% increase, maintaining its position above the $42,000 threshold.
Bitcoin price is exploring the $38,000 to $49,000 range, opening the door for SOL, AVAX, RNDR and SUI to possibly move higher.
The week ahead is expected to bring further developments in the cryptocurrency space, with anticipation surrounding updates on the GBTC for insights into market sentiment.
This is how Manta, Sui, and Cartesi (CTSI) are countering bearish trends, making them top altcoins to watch next week.
Sui reaches the top 10 chains by TVL for the first time, Drift pauses RLB trading, Farcaster launches Frames, and other news you may have missed.
Altcoins to Buy: The cryptocurrency market is likely to conclude the week with bullish sentiment, following the Bitcoin price recovery from a sharp sell-off and its stable performance above the $40,000 mark. This resilience has provided a foundation for most major altcoins, which have found robust support, sparking a fresh relief rally across the market.
Market optimism subsided in January, but some tokens are rising contrary to general trends. Which coins have become the top 5 fastest-growing cryptocurrencies this month?
The global market capitalization has been stuck around $1.55 trillion for the past few days, as no major price movement has been witnessed. Despite the volume remaining within an average range, the top 10 tokens have failed to record an adequate recovery.
Over 10 decentralized applications (dApps) in the Sui ecosystem have integrated zkLogin.
The total value locked (TVL) on the Sui blockchain has jumped by around 82% over the past month to over $358 million.
Sui price surged almost 11% on Wednesday while maintaining a 24-hour range between $1.12 and $1.31. Sui token has increased by almost 60% in the last two weeks, based on CoinGecko analysis.
Mysten Labs partners with Alibaba Cloud to provide more resources for developers using Move language, spurring 20% price jump for SUI token.
SUI price prediction: On Wednesday, SUI, a token developed by Mysten Labs, emerged as the top performer amidst a broader market downturn, registering a notable 4% increase within the day. This uptick provides a suitable follow to the recent rebound from the $1.03 support level, with its price currently standing at $1.26.
SUI impressed today with its performance, but will it be enough? Key Support levels: $1 Key Resistance levels: $1.4, $2 1.
Mysten Labs collaborates with Alibaba Cloud to enhance the Sui blockchain ecosystem, introducing AI-assisted development tools, educational programs, and global infrastructural support.
The Bitcoin price is undergoing a roller coaster ride, struggling to reclaim levels above $40,000. As the token dropped below the crucial levels, traders jumped in to accumulate, raising the trading volume by over 11% and causing a marginal rise in market capitalisation, which has dumped to $1.55 billion.
The SUI price bounced sharply on January 22, breaking out from a short-term resistance trend line.
Sui, the Layer 1 blockchain, emerges as a standout performer in the volatile cryptocurrency market, displaying resilience amid fluctuations. Recent data shows a remarkable 9% surge in the last 24 hours, with the trading price reaching $1.18, signaling a prevailing strong bullish sentiment.
A widely followed crypto analyst thinks that an altcoin running on the Ethereum (ETH) network is gearing up for a big surge in price. Trader Michaël van de Poppe tells his 685,500 followers on the social media platform X that the decentralized oracle network Chainlink (LINK) looks poised for a 2x rally.
