The Layer 1 blockchain network SUI is currently in the spotlight. A few days ago, Sui became the first blockchain to activate a secure alternative to the Border Gateway Protocol.

Cardano founder Charles Hoskinson has commended the team behind Sui, a fast-rising blockchain network that has recently gained significant traction.

SUI is currently testing a crucial supply zone following a massive 95% surge triggered by the Federal Reserve's recent interest rate cut announcement. The explosive rally, driven by significant buying pressure, has led to volatile price action, raising questions about whether this upward momentum can be sustained.

SUI, one of the best-performing altcoins in the top 100 cryptocurrencies, has seen a remarkable price surge of 110% in the last 30 days. This impressive price rise, driven by high demand and speculative trading, has pushed SUI's price to new highs.

Despite Bitcoin's shaky start to October, APT, POPCAT, and SUI led the weekly gainers list.

SUI has a robustly bullish structure on the daily chart, but the $1.81 resistance is pivotal.

Sui announced that it has adopted SCION as a defensive strategy to protect its layer 1 blockchain. SCION has been advertised as a means to help nodes prevent unauthorized traffic manipulation.

SUI gained 115% in a month after integrating USDC into its blockchain, which resulted in a parabolic surge in user and network activity.

As October started, the cryptocurrency market faced a significant crash, increasing the bearish sentiment and attracting highly capitalized short-sellers. Some cryptocurrencies now risk suffering a short squeeze as imbalances appear in the market's open interest, dominated by short positions.

Sudeng, a recently launched meme coin on the Sui Blockchain, rose by over 30% as cryptocurrencies recovered. Sudeng (HIPPO) rose to a record high of $0.0143 on Oct. 3, a 180% increase from its lowest level this week.

Sui, the native token of the Layer-1 (L1) blockchain Sui Network, has experienced a parabolic rally over the past month, reaching $1.73 — a 120% increase in 30 days.

SUI experienced a sharp drop on Oct. 4, emerging as the day's largest loser, dropping over 15%. According to data from crypto.news, Sui (SUI) plummeted from an intraday high of $1.97 on Oct. 3 to a low of $1.

Investors have great expectations of Bitgert's upcoming announcement, and many believe this is the reason that will drive future growth. Solana Coin and Sui Coin have been prominent in the crypto market, but the rapid maturation of Bitgert might change this.

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI).

Cryptocurrency prices on October 4: The broader market witnessed heightened volatility on Friday, embarking upon turbulent price trajectories. Bitcoin (BTC) price fought market volatility to rest at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 1%-4%.

Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.

Web3 interoperability platform Axelar has launched the Mobius Development Stack (MDS) on its mainnet, describing it as “the first-and-only holistic interoperability platform.”

Is SUI about to go through a bearish retracement after its recent bullish extension? Here are key observations that you may need to pay attention to.

After a recent surge fueled by high demand and speculative trading, SUI price risks falling by double digits. This comes after a 124% 30-day price increase, which made the altcoin the best-performing crypto in the top 100.

The integration of Axelar's MDS by major blockchains could significantly enhance web3's interoperability, fostering a more connected ecosystem. The post Sui, XRP Ledger, EigenLayer set to integrate Axelar's new Mobius Development Stack appeared first on Crypto Briefing.

Sui Network has defied broader market sell-offs, with the SUI price approaching $2, driven by strong investor activity and expectation og new all-time high.

It has been a brutal week for cryptocurrencies as most of them erased gains made last week when investors cheered the Federal Reserve interest rate cuts and the robust stimulus from Chna, the second-biggest economy worldwide.

SUI has experienced an impressive surge of over 160% since the start of September, with its price now hovering around $2. This remarkable rally has analysts and investors highly optimistic about the future of the layer-1 blockchain.

Sui (SUI) Price, a Layer 1 blockchain token, has seen a significant uptick in market valuation recently. Despite broader market downturns, the SUI price has surged over the past week.

An anonymous cryptocurrency trader turned a $368 initial purchase into $2 million of unrealized gains in just three days. Commentators on X speculate on a possible insider trading activity, although nothing is confirmed.

SUI coin price has risen by more than 140 percent in the last month, and its key metrics favour further gains despite the recent token unlock.

SUI has experienced an impressive rally over the past month, with its price soaring by 151%. The altcoin is now at a multi-month high and is also inching closer to breaking its all-time high (ATH) of $2.18.

Bitcoin (BTC) tests the resistance, Ethereum gains ground, and Solana (SOL) is stuck in a range.

Sui (SUI) has been on a bullish streak recently, trading at $1.9 as October begins, following significant gains in September. With momentum still strong, several on-chain indicators suggest that SUI's upward trajectory may continue.

CryptoRank, a top-tier crypto research and analytics platform, presented the top gainers of Q3 2024 in eleven categories. ‘Currency' and ‘Chain' led with 55.21% and 26.83% dominance, respectively.

October marks significant token unlock events for several major projects.

The SUI-Litecoin duel ends with a technical KO: SUI rakes in the billions, while Litecoin cheers from the 21st place!

Ethereum's most feared cryptocurrency, Solana ($SOL), is facing stiff competition from new scaleable Layer 1s that are growing in price at a much quicker rate.

Layer-1 (L1) blockchain Sui has achieved a series of milestones over the past month. This positions its native coin, SUI, to potentially reclaim its all-time high of $2.16 in October.

SUI has merely displaced LTC by a single spot as they both currently sit comfortably at the 20th and 21st spots.

Following the lead of Bitcoin (BTC), the altcoins are starting to break out and recover their lost gains of the last six months. $SUI, $INJ, and $FTM are among the altcoins currently making the fastest progress to the upside.

SUI is not suffering from today's unlock, but TIA is for the end-of-month unlock.

Two meme coins are today's top performers.

Sui is gaining traction with bullish signals, showing potential for a continued uptrend.

Crypto Prices Today, October 1: The broader market on Tuesday saw a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price saw a waning action, resting at the $63K level today.

SUI has seen a 15% surge in the past week following its remarkable price action throughout Q3. The cryptocurrency's performance continues to fuel investors' sentiment, but some believe the upcoming unlock event could hinder its rally toward a new all-time high (ATH) next quarter.

Sui cryptocurrency is making headlines as it witnesses a significant price surge, increasing by 10% in just 24 hours. This remarkable rise is part of a broader bullish trend, with SUI experiencing a staggering 125% increase over the past month.

After a strong bullish trend, the Sui (SUI) price has consistently climbed over recent weeks. This upward momentum has culminated in an impressive 126% increase in the past month.

Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability.

SUI is a closely watched L1 chain with accelerating inflows in the past month. The launch of a native version of the AUSD stablecoin and its usage to pay for gas fees further boosts liquidity on SUI.

Layer-1 blockchain Sui (SUI) is all geared up to unlock 64 million tokens on October 1, which is 2.40% of the total circulating supply. SUI is witnessing heightened investor interest as the crypto community eagerly awaits the token release.

TL;DR By October 2024, $1.3 billion worth of tokens will be unlocked on the market. Notable projects include Celestia, Sui and Aptos, with major releases scheduled. Investors should be on the lookout for potential impacts on cryptocurrency prices due to these unlocks.