Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
SUI price has gained 70% in a week and is targeting $10

SUI price has gained 70% in a week and is targeting $10

HappyCoinNewsHappyCoinNews2024/11/12 11:44
By:HappyCoinNews

Собственный token Sui Network's Layer 1 blockchain SUI has surged 70,5% in the past week and continues to reach new highs, outperforming most altcoins. SUI is currently the 18th largest cryptocurrency by market cap.

According to CoinGecko, SUI is trading at $3,21, up 5,9% in the last 24 hours and 70,5% in the last 30 days. Since November 2023 Altcoyin grew by a whopping 441,76%, and its market cap increased from $584 million to $8,96 billion, demonstrating the potential for huge growth.

CoinGecko Data

About an hour ago, SUI hit a new all-time high of $3,28 and is currently trading at a discount of 3,54%. The total value locked in the blockchain ( T ) Sui is also growing, as evidenced by the data from DefiLlama. In terms of annual indicators, since November 11, 2023 T SUI has grown from $133 million to its current $1,383 billion.

Note that the cost of the token and T Scallop (SCA), a lending protocol on the Sui Network, has also increased. It currently stands at $180 million, up significantly from $1,02 million on August 20. Over the week token SCA rose by 67,95%.

SUI's fundamentals appear strong as kriptovalyuta continues to reach new highs. The altcoin's upward trend is shown on the daily chart of TradingView. SUI trading volume is also increasing, making a rise to $10 possible.

The Relative Strength Index (RSI) for SUI is above 78, which means that kriptovalyuta overbought, and a correction is highly likely in the short term.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Pepe’s market cap briefly tops $10 billion on back of 77% price surge

The price of the frog-faced memecoin surged 77% in the past 24 hours to trade at $0.000024.Major exchanges, including Coinbase, Robinhood and Upbit, have recently listed Pepe trading pairs.

The Block2024/11/14 04:00

ETH killers are still no closer to doing the deed

Solana is the crowd favorite to potentially flip Ethereum somewhere down the line, and it tends to feel realistic at times

Blockworks2024/11/14 03:44

Bitcoin at $100k very possible before EOY, analysts say

The market is due for a breather, but analysts expect prices to continue moving up in the coming weeks

Blockworks2024/11/14 03:44

FBI raids Polymarket founder's home

Cointime2024/11/14 03:33