Sui, a Layer-1 blockchain designed to enhance global adoption, is making waves in the cryptocurrency market. As of now, the live price of SUI hovers around $2.01, with a market cap nearing $5.57 billion.
Sui Network (SUI) gained the spotlight in the cryptocurrency landscape as one of the fastest-growing cryptocurrencies this cycle. This week, Grayscale announced the Grayscale SUI Trust, while Circle natively deployed its dollar stablecoin, USDC, on the Sui Network.
While the prices of most digital assets endured a significant correction over the past week Sui, a Layer-1 cryptocurrency network boasting high-performance and “infinite scaling” has seen the price of its native token surge to a new all-time high of $2.16.
SUI and Aptos (APT), both of which are on an upward trajectory. With SUI recently surpassing the $2 threshold and Aptos approaching the significant psychological level of $10, there's growing speculation about their potential to spearhead the next rally in the crypto market this October.
TL;DR SUI Ecosystem Market Cap: The SUI ecosystem's market cap has reached $8.54 billion, driven by SUI and First Digital USD (FDUSD), with daily trading volumes exceeding $6 billion. Capital Flow from Ethereum: SUI has captured over 9% of Ethereum's capital flow, positioning it among the top three altcoins by netflow, alongside Ethereum and Solana.
The SUI ecosystem is gaining significant traction this October, breaking records and attracting investor interest. While many altcoins struggle, SUI has reached a new peak of $2.16.
The Sui Foundation has announced that Circle's USDC stablecoin will be available natively on the Sui network, with the NAVI Protocol set to integrate the asset from day one. This integration — shared with crypto.
First it was gaming and NFTs. But now Sui is making inroads into the world of DeFi.
With a 2.66% pullback in the past 24 hours, SUI has lost its dominance over the $2 psychological mark. Currently, the SUI price is trading at $1.92 with a market cap of $5.30 billion.
Circle, issuer of the the second-largest stablecoin by market capitalization, USD Coin, has officially launched USDC on Sui, a Layer-1 blockchain.
SUI has been one of the few assets that appears to be having a lone bull run despite the struggle of certain cryptocurrencies in the market to reclaim their major highs. Over the past month alone, SUI has increased by more than 100%, with its 7-day performance still seeing green up by 11.8% after nearly touching its all-time high of $2.17 yesterday with a 24-hour high of $2.13.
SUI, the native coin of Layer-1 (L1) blockchain Sui Network, has been on a tear lately. It currently trades at $1.92, noting a 115% price growth over the past month.
October has seen a significant divergence in cryptocurrency market activity between Sui (SUI) and a fresh entrant into the space, Dogizen.
Michaël van de Poppe, a prominent figure in the cryptocurrency trading community, recently articulated his optimistic outlook for two specific altcoins: Sui Network (SUI) and Bittensor (TAO). With expectations that both could reach new all-time highs, van de Poppe's insights are especially pertinent for investors seeking opportunities in the current market landscape.
The SUI ecosystem continues to capture investor attention this October, setting multiple notable new records.
The announcement was officially made by the USDC issuer, Circle, at a time of strong growth for the new chain.
Circle has released a comprehensive guide detailing the migration process from bridged USDC to native USDC on the Sui Mainnet, emphasizing best practices and benefits.
Sui (SUI) price has recently experienced a notable rise in market value, standing out even as the broader cryptocurrency market struggles. Over the past week, SUI has defied the downturn, continuing its upward momentum after being one of the top-performing large-cap cryptocurrencies in September.
Layer-1 chain Sui (SUI) has been capturing significant attention lately. As of this writing, SUI has surged by 125% over the past 30 days and has skyrocketed 345% from its yearly low of $0.46 on August 5.
As markets brace for the release of FOMC minutes, meme coins are experiencing a surge in activity, with DogWifHat (WIF) and SPX6900 (SPX) leading the charge. Additionally, Sui is witnessing a significant influx of trading volume.
Crypto Market Highlights: The cryptocurrency market capitalization stands at $2.17 trillion, down 0.79% in the last 24 hours, while intraday trading volumes rose by 32.09% to $78.72 billion. Investor sentiment is still neutral, with the Fear & Greed Index at 41. In the larger market, Chinese stocks listed in the United States have fallen dramatically.
USDC, a major stablecoin, is now available on the Sui Mainnet, enhancing liquidity and value transfer within the DeFi ecosystem as Sui's TVL surpasses $1 billion.
Sui Network gains momentum; $4 price target appears achievable amid rising adoption.
Sui received a major boost after stablecoin issuer Circle announced support for native USDC on the layer-1 blockchain platform's mainnet. Circle announced native USDC (USDC) was live on Sui (SUI) on Oct. 8.
Circle has introduced native USDC on the Sui blockchain, enabling seamless access to USDC liquidity without bridging. This development supports Sui's expanding ecosystem of over 85 applications.
In a remarkable rise that has captured the attention of the cryptocurrency community, HIPPO has rapidly emerged as the leading meme coin on the SUI blockchain. As of October 8, 2024, HIPPO has seen an astonishing 164% increase in price, reaching $0.01609, with a market capitalization now exceeding $160 million.
Sui, often dubbed the Solana-killer, continued rising on Oct. 8 amid a record surge in its futures market. Sui (SUI) jumped to an intraday high of $2.
SUI has recently become one of the most hyped chains with a huge potential of going 10x from the current levels. The trading activity surged aggressively which elevated the SUI price above $2. This move also pushed SUI above Near Protocol but remained only for a while.
Is a new ATH for SUI price near or far? Here is all you need to know about SUI bullish momentum
Despite a minor pullback in Bitcoin under the $63k level, resulting in a deceleration in altcoins, SUI and APT continue to rise. With SUI surpassing the $2 mark and Aptos nearing the $10 psychological milestone, the upside potential in these two crypto is massive.
Cryptocurrency Prices Today, October 8: The broader market on Tuesday witnessed a bag of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price slipped to the $62K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP mimicked a waning price trajectory.
SUI has gained massive attention from the crypto enthusiast following an impressive 13% of price surge over the past 24 hours. However, traders have started betting more on short positions.
Sui continues to see a surge in interest, which has proliferated in a double-up for investors over the past month.
The SUI price surged 12.7% during the U.S. market trading sessions, currently trading at $2.07. The bullish trajectory can be attributed to TVL's surge above the $1 Billion mark, and Bybit's Launchpool supports SUI as its first native token.
The price of Sui (SUI) has surged over 17% in the past 24 hours, breaking the crucial $2 mark for the first time in six months. This bullish trend is largely attributed to positive news from the crypto exchange Bybit, which announced its support for SUI as a native ecosystem pool token on October 7.
Layer-1 chain Sui is igniting another leg of its rally, brushing up against all-time highs while its network sees more growth. At time of writing, SUI is up 140% in the last 30 days, and 266% from its yearly low hit in August.
SUI has been caught in a whirlwind of market uncertainty, leading many analysts to question its potential for reaching new all-time highs (ATH). Despite a brief upward trend, signs are emerging that suggest SUI may not be able to maintain this momentum, particularly in light of recent technical indicators that point to a potential downturn.
TL;DR Bybit Launchpool has introduced the SUI token as its first native pool, aiming to expand the token offerings and strengthen community activity. The exchange has replaced the USDT pool with USDC to enhance the user experience, providing greater stability and reliability in transactions.
As the cryptocurrency market enters a new week, several digital currencies are experiencing notable gains, fueled by Bitcoin's robust performance. Bitcoin, the leading asset, is seeing impressive traction alongside emerging meme coins like Hamster Kombat and POPCAT. The overall landscape is vibrant, attracting keen interest from investors and traders alike.
As we head into “Uptober,” the cryptocurrency market is buzzing with potential opportunities. While Ethereum continues to lead the charge in decentralized finance (DeFi) and smart contracts, its price struggles to find a bottom, with a 3-month return down by 18%.
Sui has surged more than 20% in 24 hours to reach its highest price level in six months, amid positive news from crypto exchange Bybit. Bybit announced support for Sui (SUI) as a native ecosystem pool token on Oct.
Sui has become cheaper and faster than Solana, cementing its position as a formidable alternative.
The daily transaction volume on the Sui blockchain has skyrocketed by 115%, indicating increased demand and potential for a breakout above the $2.00 mark.
Bybit Launchpool now supports the SUI pool, its first native token pool. Bybit also replaces the USDT pool with USDC and introduces the NAVI token in the SUI ecosystem.
With Bitcoin price reclaiming the $63k mark, the cryptocurrency market has recorded a strong bullish recovery over the past day. Moreover, the Sui coin price has regained traction and is on the verge of reclaiming the $2 mark.
Among the altcoins, $SUI and $APT put on two impressive runs over the last several days that took them both to gains of at least 10% for the week. Can these positive gains be maintained going forward?
Sui (SUI), a Layer-1 blockchain, has recently experienced substantial growth, particularly in daily transaction volume. In tandem with this spike in activity, SUI's price has climbed by 10% in the last 24 hours.