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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.

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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.

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