Bitcoin Is Up 125%, but These 3 Top Altcoins Are Soaring Even Higher

SUI price shows mixed signals after its meteoric rise, currently positioning just 6.5% below its all-time high. The coin's impressive 97.10% surge in the last 30 days has been supported by significant growth in its DeFi ecosystem, with total value locked reaching $1.75 billion.

SUI, the native token of the Sui Network, is making waves in the cryptocurrency landscape with its impressive performance while major cryptocurrencies appear to be struggling. Today, December 3, 2024, SUI has surged with an impressive 14% upside momentum, breaking out of one of the most highly anticipated bullish price action patterns.

Grand Cayman, Cayman Islands, 3rd December 2024, Chainwire

Sui price had been trading sideways for the last six days, and the breakout signifies its rising demand as utility grows.

SUI's next price move could be dependent on a few key things.

Sui (SUI) exchange outflows over the last three days have increased, suggesting that the altcoin's recent decline may not last. As of this writing, SUI's price is $3.23.

Historically, December has been a strong month for the crypto market, and December 2024 could follow that trend, particularly for altcoins. BeInCrypto has identified key altcoins to watch as the year comes to a close.

SUI, the native token of the Sui blockchain network, has captured the attention of traders and investors in the cryptocurrency market. After a strong performance in recent weeks, the token has shown promise for even greater gains, with experts predicting a potential rally of up to 60%.

SUI could soar by 60% to the $5.70 level if it closes a daily candle above the $3.5 level.

The SUI token is currently in the spotlight as it shows signs of breaking out after recent price drops. Following a 14% decline from its all-time high (ATH), the token appears to be reviving with a strong upward momentum.

If the price of Bitcoin ($BTC) hits $150,000, one analyst believes Sui Network's native $SUI coin could hit a potential high of $28. This is more than 7X its all-time high (ATH) of $3.92, posted on November 17 this year. The bullish forecast was tweeted by “madness.sui” (X handle @lfgmadness).

This November, many altcoins have shown that they are ready to challenge Bitcoin's (BTC) dominance. As a result, some of these cryptocurrency are part of the top trending assets.

After a brief sell-off, the markets have begun to range back within the bullish range, triggering a fine rebound. In the meantime, the SUI price quickly triggered a strong rebound, bringing the token back within the bullish range.

Data from analytics firm CoinGecko shows that Layer-1 native tokens grew by 7,000% in 2024. While major projects like Bitcoin and Ethereum recorded significant gains, other tokens saw notable growth in niche markets.

The Sui Network (SUI) will unlock over $200 million in tokens this Sunday, December 1, as part of its schedule. This will be Sui's largest cliff unlock (in nominal value) to date, creating significant supply inflation and dilution, affecting investors.

The Telegram-based game MemeFi launched its MEMEFI token on the Sui network on Nov. 22 at 1:00 p.m. UTC.

SUI Network's rise is powered by DeFi integrations, strategic cross-chain partnerships, and strong token demand.

Story Highlights The Sui price has dropped by 13.96% from its ATH of $3.93 in 10 days. Technical indicators record increased bearish sentiment, hinting at higher selling pressure. A potential bullish reversal could push the price toward its upper target price of $5.

Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases.

Ambrus Studio, under CEO Johnson Yeh, is pioneering a Web3 gaming model with Sui to monetize and educate on climate change. Their game, E4C: Final Salvation, targets emerging markets.

The Router Chain platform has added the Sui network to its growing list of cross-chain ecosystems, enabling users to seamlessly move tokens between Sui and EVM chains.

Thanks to a new feature called Babylon staking, Sui is tapping into Bitcoin's massive $1.9 trillion market. This opens the door for DeFi activities like lending, borrowing, and more.

Babylon Labs and Lombard Protocol have jointly unveiled a strategic initiative aimed at integrating Bitcoin with Sui, the Layer 1 blockchain and smart contract platform. This collaboration seeks to onboard bitcoin liquidity into the Sui ecosystem, enhancing decentralized finance (defi) with LBTC as a core collateral asset.

The Sui Foundation has announced a partnership with Babylon Labs, Lombard Protocol, and Cubist to integrate Bitcoin into the Sui ecosystem.

Starting in December, Bitcoin holders will have the ability to stake their BTC through the Bitcoin layer-2 network Babylon.

Sui is entering the Bitcoin staking market through partnerships with Babylon Labs and Lombard Protocol. The collaboration between Sui (SUI), Babylon and Lombard targets the $1.8 trillion Bitcoin (BTC) market, with staking a major attraction for users.

Sui, the emerging Layer 1 blockchain, is set to launch Bitcoin staking in December, marking a significant step toward integrating Bitcoin into decentralized finance (DeFi).

Sui integrates Bitcoin for liquid staking with Babylon and Lombard, tapping into BTC's $1.8T market. The post Sui taps Bitcoin's $1.8 trillion market with liquid staking integration appeared first on Crypto Briefing.

Starting in December, Bitcoin holders will be able to stake BTC on Babylon, a Bitcoin layer-2, from the Sui network.

TL;DR Sui integrates Bitcoin liquidity by creating $LBTC, a native token of its blockchain. Bitcoin holders will be able to participate in Sui's DeFi ecosystem without having to sell their BTC. The integration of $LBTC will open up new opportunities for lending and financing platforms on the Sui network.

Sui Network's record 4.64 billion transactions in 2024 signal strong growth, pushing SUI's price to $3.42 with bullish momentum.

TL;DR This week, token unlocks in the crypto ecosystem will exceed $980 million, distributed across networks and protocols with different release models. Sui (SUI) leads cliff unlocks with $213.77 million in tokens, while Solana dominates linear releases by unlocking $131.69 million in assets.

Bybit, the world's second-largest crypto exchange by trading volume, has announced the launch of Sui Wonderland 2024, a landmark initiative aimed at driving engagement and innovation within the Sui blockchain ecosystem. The campaign integrates airdrops, staking programs, and trading opportunities, making it easier for users to participate in the dynamic Web3 landscape.

Sui (SUI) dominates the upcoming cliff-based token unlocks this week with 64.19 million tokens valued at $213.77 million, representing 2.26% of its circulating supply. The protocol leads a fleet of unlocks scheduled between November 25 and December 2.

Recently Kyle Doops, host of Crypto Banter's Trading Show, has revealed many new altcoins that weren't part of previous market cycles. While altcoins haven't yet broken out, he sees strong signs of a potential surge. Kyledoops believes that once key resistance levels are breached, dips could present buying opportunities.

This unprecedented record has sparked talks of a potential price surge.

SUI was gaining attention as positive sentiment builds around the asset.

As crypto buyers and enthusiasts eagerly await the anticipated alt season, Bitcoin effortlessly makes new ATH every 12 hours. Simultaneously, three coins have emerged as red-hot picks: $MASH, SUI, and TON.

Sui Network, a popular blockchain supporting the SUI coin, encountered a major disruption today, bringing its block production to a halt. The interruption, which began at 12:15 PM UTC, left the network unable to process transactions for several minutes, causing concerns among its users and community members.

With Bitcoin price remaining volatile and struggling to reach the $100,000 mark, the altcoin rally is gaining momentum. Despite the 99k buyers and 100k sellers going at it, the smart money is flowing into the altcoin segment.

The SUI token experienced a 115% month-over-month gain in October and continues to appreciate as it emerges as a Solana competitor.

Sui Foundation partners with Franklin Templeton Digital Assets to drive blockchain-based innovation, supporting developers and expanding decentralized finance applications using the Sui blockchain protocol. The post Sui Partners with Franklin Templeton for Blockchain Development appeared first on Cryptonews.

The asset manager will support builders on Sui and pilot emerging blockchain technologies on the network.

The asset manager will support builders on Sui and pilot emerging blockchain technologies on the network.

In a strategic move, Sui Network, a fast-growing layer 1 blockchain known for its innovative use of the Move programming language, has partnered with Franklin Templeton Digital Assets, a global leader in asset management with over $1.5 trillion in assets under management.

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