Assessing the impact of BTC choppy moves on SUI short-term price outlook.
Altcoins thrived on Thursday as digital assets displayed resilience following the latest hotter US CPI report. Meanwhile, Binance Coin, SUI, and OpenSea stole the show for various reasons. Let us find out more. BNB outshines Solana in market capitalization Binance Coin recorded significant price surges over the past day.
TL;DR The positive sentiment surrounding Sui Network has reached its highest level since September, with a 5:1 ratio in favor of positive comments. SUI has risen by more than 9.1% in the last 24 hours, reaching $3.45 and surpassing $10.6 billion in market capitalization.
Sui Network is currently enjoying overwhelming support as positive social sentiment outweighed negative feedback fivefold.
Amid the rising trend of the DeFi & gaming sector in the crypto space, the Sui price has successfully regained momentum and has jumped over 11.25% over the last 48 hours. With this, its market cap has surpassed the $10 billion mark and is currently valued at $10.83 billion.
Sui has seen a market cap rebound of over 10% in the past 24 hours as a result of its growing presence in DeFi and gaming sectors.
Crypto prices bounced back this week even after the US published strong inflation data, raising concerns that the Federal Reserve will maintain higher interest rates for longer. Bitcoin price held steady above the support at $96,000, while the total market cap of all coins jumped to over $3.2 trillion.
Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.
Major crypto exchange OKX has expanded its integration partnership with the Layer-1 chain Sui, also extending the wide-ranging support for its ecosystem. The post OKX Wallet Becomes Official Sui Partner, Expands New Features appeared first on Cryptonews.
SUI token has rebounded 10.52% from a three-month low, showing increased network activity and mixed technical signals, while processing more daily transactions than several major blockchain networks combined.
SUI has gained significant attention recently as its price surged by 10.52% in just 24 hours, reaching $3.31. This sharp rise comes amid increased network activity and promising on-chain data, fueling speculation that the coin could see a breakout beyond its all-time high.
The chief executive of crypto exchange Abra believes Bitcoin (BTC) and other top digital assets may hit massive price targets this cycle for one main reason. Bill Barhydt says that economic policies under US President Donald Trump may inject a huge amount of liquidity into the markets causing crypto assets to soar to astronomical prices.
SUI surged 10.52% in the last 24 hours, reaching $3.31. Increased network activity and strong accumulation trends.
The price of Solana has gained 8.7% in the past 30 days, while its rivals experienced significant losses during that same period.
Sui (SUI) has reached a significant milestone, surpassing $60 billion in total decentralized exchange (DEX) volume, marking a 23.27% increase over the last 30 days. This surge highlights the platform's growing popularity and adoption, signaling a healthy upward trend in the decentralized finance (DeFi) space.
Sui's momentum is building, with key resistance levels within reach of a breakout right now.
SUI has been facing significant challenges in its attempts to recover from a steep 43% decline since the beginning of the year. Despite multiple efforts to bounce back, the altcoin has yet to establish a sustainable upward trend.
Sui (SUI) and Toncoin (TON) are testing key support levels with strong technical and fundamental backing.
SUI has struggled to regain lost ground after a significant 43% decline since the beginning of the year. Despite multiple bounce-back attempts, the altcoin has failed to establish a sustainable recovery.
Sui has entered a technical bear market after falling nearly 40% from its highest level this year. The Sui (SUI) token has dropped to $3.25, down from its all-time high of $5.36, bringing its market capitalization to $9.8 billion.
Some of the altcoins are up more than 5% on Monday. Could this latest surge turn into something else, or will it be short-lived with the downtrend to continue?
Pi coin price remains in a bear market after falling by over 50% from its November highs. This retreat is likely because of the ongoing altcoin crash, and the ongoing open network launch jitters.
The cryptocurrency market is recognized for its instability, and SUI's price has also been affected by this pattern. In the last month, SUI has faced a notable decrease, falling 36% from its earlier peaks.
The crypto market thrives on comebacks and SUI is no exception. Once again, the token is making waves as it rebounds from the key $2.8 support level, reigniting bullish optimism in the market.
Analyst and trader Jason Pizzino is saying that the crypto market is possibly at the tail end of the cycle. In a new video, Pizzino tells his 348,000 YouTube subscribers that for the current cycle, most of the gains “have been had already.
Despite recent corrections, the crypto market has highlighted four emerging Solana rivals showing strong growth. These altcoins have demonstrated resilience, attracting significant attention for their potential price movements.
Libre Capital expands access to investment funds on Sui, offering tokenized products and leveraging Move technology for secure asset access.
In a strategic alliance, Sui, a Layer-1 blockchain network, partnered with Libre Capital, a financial instrument tokenization leader. The collaboration focuses on allowing the community to invest in a diverse array of top-performing on-chain funds, including hedge funds, private credit funds, and money market funds.
The crypto market remains relatively quiet on Thursday, with minimal activity, as many traders remain on the sidelines.
Sui users could soon benefit from expanded access to tokenized funds through a new partnership between the blockchain platform and Libre Capital. The initiative will leverage the Sui (SUI) blockchain and is aimed at institutional and accredited investors.
Sui's latest partnership has brought traditional financial expertise into the digital asset market. It has integrated with issuance infrastructure developer Libre Capital, which enables the tokenization of a high-yield, market-neutral digital asset strategy from global financial services group Nomura's Laser Digital. The post Sui and Libre Open On-chain Access to Range of Investment Funds for Institutions appeared first on Cryptonews.
The cryptocurrency market is currently witnessing a tug-of-war between the bullish and bearish forces. While Bitcoin, Ethereum, and many other altcoins are showing signs of a range-bound consolidation, two key altcoins—Solana (SOL) and SUI—are standing at critical junctures.
However, the growing bear action in the broader market has continued to impact altcoins like Ethereum (ETH), XRP, SUI, and Avalanche (AVAX) in different measures. As of writing, the combined crypto market cap is down 1.56% to $3.16 trillion, proving that headwinds remain.
SUI, the native token of a Layer-1 blockchain, has recently experienced a steep price decline, dropping by more than 30% within the last month. As a result, traders and investors are growing increasingly concerned about the future of the token.
Sui (SUI) has gained the attention of traders after forming an attractive risk-to-reward ratio that appears favorable for short-term gains. The recent price action has led to a notable shift in market sentiment, with traders now focusing on critical support levels to determine the next movement.
Mahe, Seychelles, 5th February 2025, Chainwire
The start of the day was pretty consolidated for the crypto markets, with the trading volume slashing heavily by close to 30%. Both bulls and bears remain resilient, which may drop the volatility, leading to a range-bound consolidation for a while.
SUI, the native token of the Layer-1 blockchain, has taken a major hit, dropping more than 30% in a month. Such a massive drop has raised concerns among traders, with crypto analyst Jason Pizzino warning that the token might be following a historical pattern that led to a deep crash in the past.
Data revealed that 75% of top SUI traders on Binance are going long.
Cryptocurrency analyst and trader Jason Pizzino is warning that one Solana (SOL) competitor is at risk of a severe correction. In a new video, Pizzino tells his 345,000 YouTube subscribers that Sui (SUI) may be repeating a historic pattern that could lead to a collapse.
SUI price has been up roughly 4% in the last 24 hours but has remained down 30% over the past month. Despite slight recovery, its technical indicators still point to an overall bearish setup, with both the Ichimoku Cloud and EMA lines suggesting strong resistance ahead.
The cryptocurrency market has entered a high-volatility phase, with SUI, XRP, and Bitcoin all experiencing significant price swings. SUI is teetering on a key support zone, raising concerns of a potential 40% crash.
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After a sharp fall, Sui (SUI) has recovered significantly and is poised for massive upside momentum due to its bullish price action on the four-hour timeframe. Data shows that after witnessing a price drop of over 38%, the altcoin has soared more than 55%, reclaiming all the losses.
Wrapped Bitcoin by BitGo can now move from Ethereum to Sui via Sui Bridge, expanding BTCfi for the Sui ecosystem. The price of Sui (SUI) surged to $3.37 on Tuesday, Feb. 4, gaining 8.
The crypto market remains under pressure, with Bitcoin (BTC) now trading below the $100,000 mark and Ethereum (ETH) slipping under $3,000.
After a huge crash, inspired by Trump's massive tariffs on Canada, Mexico, and China, the crypto market may have bottomed. Is now a good time to buy the leading layer 1s in $ETH, $SOL, and $SUI?