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SUI price has grown by 27.82% in the last 30 days, driven by notable changes in its Total Value Locked (TVL). After a strong surge in both TVL and price, SUI appears to be entering a consolidation phase.
If the current technical setup is any indication to follow, Sui (SUI) could see its price drop below $2. On October 14, the token of the Layer-1 Move-programmed blockchain reached a new all-time high of $2.36.
The newly launched hub will aid the development of both startups and established organizations.
The Sui blockchain has launched a developer hub in Dubai in collaboration with the Ghaf Group.
The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview.
The broader cryptocurrency market has displayed a strong show over the weekend with the Bitcoin (BTC) price rallying close to $70,000 and altcoins taking the charge in a fresh surge. With 3.72% gains in the last 24 hours, Ethereum (ETH) leads the alt space shooting all the way to $2,750 levels.
The crypto market showcased a slight uptick during Sunday's trading as Bitcoin headed close to a $70,000 breakout. As the ‘Uptober' sentiment returns, the emerging cryptocurrency SUI displays potential for a higher rally amid increasing TVL and a bullish pattern formation.
SUI reached an ATH a week ago, indicating a potential top. The next bottom will establish the entry point needed to beat its rivals.
Bitcoin, the pioneer cryptocurrency, has been trading sideways for the past seven months, struggling to maintain a directional uptrend. While the ‘Uptober' has boosted the BTC price for the next breakout attempt from $70,000, these three cryptocurrencies are gathering even more momentum with technical breakouts, increasing whale activity.
In the times when the crypto markets were facing massive sell-offs in the first few days of the month, the SUI price displayed strength and consolidated within a narrow range. This indicated the market participants were bullish on the crypto and as a result, the token formed a new ATH.
As speculation builds around Donald Trump's potential creation of the Department of Government Efficiency (D.O.G.E.), investors are on the hunt for the next big Dogecoin rival to buy.
Despite increased bullish sentiment in the crypto space, the Sui token has dropped 12.49% from its ATH within 5 days. Notably, this altcoin slingshot ~405% from its August low to achieve a new all-time high (ATH) of $2.36 on 14th October.
This week, we examine Ethereum, Ripple, Solana, Dogecoin, and SUI in greater detail. Ethereum (ETH) Ethereum closed a great week with a 9% price increase after buyers dominated on Monday.
A widely followed analyst and trader is offering his forecast on three crypto assets. The analyst pseudonymously known as Bluntz tells his 283,900 followers on the social media platform X that Dogecoin (DOGE) is “so close to major breakout” after a brief correction on the two-hour time frame.
SUI, a rising star in the cryptocurrency world, recently reached an all-time high price of $2.30, ranking itself among the top 15 cryptocurrencies. Surpassing well-known altcoins like Polkadot (DOT), the token has garnered attention from investors and enthusiasts alike.
After a stunning rally in recent weeks that has seen it more than 4x from recent sub-$0.50 lows and burst above $2.0, the Sui (SUI) price has started to lose momentum.
SUI could soar 20% and reach the $2.50 level if it stays above the $1.80 level.
Mysten Labs has launched the public testnet for Walrus Protocol, a decentralized storage network designed to store large data files such as videos, audio, and images.
As the Bitcoin price stabilizes above the $66,000 mark, the altcoins are making a comeback. The market, excluding Bitcoin and Ethereum, has reclaimed the $600 billion mark and has increased by 7.19% from its 7-day low at $574.81 billion.
Sui price recently received a bit of a shake-up after allegations of insider trading flooded the crypto space. SUI retraced from its new all-time high of $2.36 as investors rushed to dump their bags because of the FUD.
The Sui Foundation has denied allegations that its employees or insiders from Mysten Labs sold $400 million worth of SUI tokens. The foundation also rejected claims that insiders were involved in preemptive selling or violating token lockup agreements.
Three days ago, SUI reached a new all-time high of $2.36, but Fear, Uncertainty, and Doubt (FUD) surrounding a recent development overshadowed the achievement.
SUI, a rising star in the crypto market, recently hit a new all-time high of $2.35, driven by a strong rally that saw its price surge over 100% in the past month. However, despite its bullish momentum, analysts are issuing warnings of a potential price correction.
SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies.
