TL;DR Sui Ecosystem's TVL Surges: The Sui ecosystem's Total Value Locked (TVL) has surpassed $900 million, making it the 8th largest blockchain by TVL. Token Value Increases: Sui's native token has seen significant gains, rising from $1.30 to nearly $1.60 in the past week, reflecting growing investor confidence.

SUI impressive bullish momentum appears to be losing steam as technical indicators point toward a potential cooldown, with the Relative Strength Index (RSI) signaling overbought conditions, raising concerns about the sustainability of the recent rally. The $1.4 level is now in focus, as this cooling strength suggests that a pullback could be on the cards, offering a critical moment for SUI as it navigates through growing market pressure.

FET and TAO are driving the crypto market with their impressive performance, attracting the attention of investors and analysts.

The ecosystem is thriving, reaching new highs in Total Value Locked (TVL) and its native token's performance.

As the bull run in the crypto market gains momentum, the SUI price skyrockets at a breakneck speed. With a streak of bullish candles, the uptrend in SUI is challenging a resistance trendline near the initial price of $1.6785. Will a new breakout run surpass the 78.

Bitcoin (BTC) is inching towards the $65,000 mark after it jumped past $63,000 early on Monday. The world's largest cryptocurrency has been up over 2% in the past 24 hours and has risen almost 10% over the past week.

SUI has experienced a price surge of 9.7%, fueled by increased DeFi activity and crossing $900 million in total value locked, placing the blockchain among the top performers. The SUI price and the price of Bitcoin both reached new all-time highs earlier this year in March when they both surpassed $2.08.

Why Bittensor (TAO) is pumping so hard?

Several altcoins have soared by 40-50% in the past week alone.

Sui Network's TVL surpasses $900 million as its native token SUI experiences a significant price rise

Sui price has grown significant in the past 24 hours as the protocol's DeFi TVL jumped to a new high.

Amid the ongoing crypto bullish outlook, triggered by the Gold rally and the recent Fed's rate cut, Bittensor (TAO), a fast-growing blockchain firm focused on developing decentralized artificial intelligence (AI), has registered palpable gains.

Solana-killer Layer 1 blockchain – Sui Network – is witnessing a strong demand within the decentralized finance (DeFi) market thereby triggering a strong recovery in the SUI price. Over the past month, SUI has gained a massive 60% moving all the way to $1.60 levels in the latest surge.

Crypto Prices Today, September 23: The broader market illustrated a bag of mixed price actions today, garnering investor speculations globally. While Bitcoin (BTC) price held firm at the $64K mark, Ethereum (ETH), Solana (SOL), and XRP prices demonstrated mixed trajectories.

Bittensor, a unique project in the cryptocurrency space, is generating excitement among investors, particularly with its native token, TAO. Currently priced around $422.05, TAO is designed to facilitate a decentralized marketplace for artificial intelligence (AI) applications within the blockchain framework.

Here is how some of your favorite assets concluded the week.

Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.

Discover the top 3 cryptocurrencies set to dominate the market in Q4 2024. Learn why FET, Bittensor (TAO), and Solana (SOL) are primed for growth, with insights on resistance levels and bullish potential.

The global crypto market built on the recovery push from two weeks back, recouping an additional $100 billion to close the week at $2.2 trillion. Bitcoin (BTC) led the charge, as it briefly reclaimed the $64,000 territory.

Recently, Garry Silbert, the founder and chief executive of DCG, took to Twitter with an early-day reflection on Bitcoin. He referred to his “pain points” of acquiring Bitcoins back in the day and contrasted that to the “pain points” he is experiencing trying to get his hands on TAO at this point in time, reportedly

The interest rate cut by the US Federal Reserve has been one of the biggest stories in the crypto space this week, with most large-cap assets making something of a recovery in the past few days. As a result, Sui (SUI) is one asset whose price performance has largely gone under the radar in the last seven days.

The cumulative liq levels delta was largely in favor of the bulls, but has slightly reduced in the past 24 hours as SUI pulled back from $1.57.

AI altcoins are dancing in the rain! FET jumps by 71%, TAO is trying to keep up with its 28%.

The recent announcement by the Federal Reserve to cut interest rates by 50 basis points has sent shockwaves through the market, especially among altcoins. The Fed rate cut has resulted in a significant surge in Bitcoin (BTC) and altcoin prices, with notable performances from Sui (SUI), Celestia (TIA), Fantom (FTM), Bittensor (TAO), and Sei (SEI).

Ripple (XRP) is on the verge of breaking the $0.60 mark, fueled by excitement around a possible spot ETF following Grayscale's latest XRP Trust launch. Meanwhile, Sui (SUI) has hit a six-month high after integrating USDC. IntelMarkets (INTL) is also gaining attention with its advanced AI trading tools and high-leverage options.

Decentralized blockchain network Bittensor and its native token, TAO, have shown significant upward momentum over the past month, consistently outperforming major cryptocurrencies such as Bitcoin and Ethereum across all time frames. Designed for decentralized finance (DeFi) applications, TAO has surged past the $400 mark, achieving nearly 45% gains in the last month alone and an impressive 695% increase year-to-date.

Sei (SEI) and Sui (SUI) have emerged as standout performers. Both tokens have experienced significant gains, with prices increasing over 20% as they begin the week on a bullish note.

With the price of Bitcoin reclaiming the $64k mark during the early Asian trading hours, the Artificial Intelligence (AI) category has recorded a strong bullish recovery with top tokens outperforming the market leaders. Moreover, Turbo price from the AI category has recorded a double-digit surge with a trading volume of over $200M.

Sui, a popular layer 1 network, has become one of the best-performing cryptocurrencies since August, soaring to a five-month high.

The SUI crypto token continues to dominate the 1st-page cryptocurrencies by outperforming every single project in terms of monthly return. Notably, the altcoin is currently trading at a discount of only 29.82% from its ATH, indicating increased price action.

The global crypto market registered another increase of 3.06%, pushing it to $2.21 trillion. Bitcoin (BTC) is up over 3%, while Ethereum (ETH) continues its stellar recovery, and is up almost 6% over the past 24 hours, having surged past $2,500.

SUI turned into one of the big gainers in the past few days, with hopes of repeating its peak above $2. The asset may feel pressure from the upcoming October 1 token unlock.

The crypto prices today have continued generating market optimism, primarily with major coins maintaining an upward movement. Bitcoin (BTC) price crossed $64K, whereas Ethereum (ETH) and Solana (SOL) followed, trading in the green.

The AI sector outperformed all other coins over the last month, with FET poised for a surge.

A widely followed crypto analyst says that one marquee artificial intelligence (AI) project is primed to skyrocket soon while updating his outlook on two smart contract platforms. In a new strategy session, crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that machine learning platform Fetch.

Sui's TVL hits $1 billion, raising speculation of a potential price rally beyond $1.38.

As of September 19, 2024, TAO has distinguished itself as a leading AI coin within the expanding web3 and blockchain landscape. The recent price surge has been attributed to several factors, including broader market trends and positive earnings reports from major tech companies like Nvidia (NVDA), which have further fueled investor interest in AI-related assets.

The company, famous for its low-cost movie theater subscription, is partnering with Sui. They plan to integrate USDC, a popular stablecoin, as a way for users to pay for their subscriptions.

TL;DR Explosive Gains: Sui has surged by 115% against Solana since August, significantly outperforming Solana's 6% gain against Ethereum. Technical Superiority: Sui boasts a theoretical maximum of 297,000 TPS, far exceeding Solana's 65,000 TPS, with real-world performance still leading.

The crypto market update for September 19, 2024 Asian trading hours sees Bitcoin break above $62,000. BTC price rose as traders cheered the US Federal Reserve's 0.5% interest rate cut – the first one since 2020. Most altcoins also traded higher, with Ethereum gaining to above $2,450.

Bittensor (TAO) is currently capturing the attention of traders as it forms a symmetrical triangle pattern, signaling a crucial moment for the cryptocurrency. With the broader market on the rise, speculations abound regarding whether a breakout above the pivotal resistance level of $340 could initiate a significant rally, potentially driving Bittensor beyond the $400 mark.

The crypto market surged following the Federal Reserve's interest rate cut, with major cryptocurrencies experiencing rallies. However, the long-term outlook remains uncertain.

As the traders remain largely vigilant, the crypto markets rebound in no time following the Fed rate cuts, which surprised the financial markets. Bitcoin price reclaimed the crucial resistance at $62,000 and is approaching the crucial resistance at $62,500, which is considered an important milestone to keep up the bullish trend.

Macro guru and Real Vision CEO Raoul Pal is highlighting a layer-1 blockchain that he sees becoming a major force to reckon with.

The surge in Sui Network's TVL and SUI price indicates growing confidence and investment in its DeFi ecosystem, potentially driving further adoption. The post Sui Network TVL soars to record high, SUI price up 30% appeared first on Crypto Briefing.

Sui's technical capabilities and the upcoming release of a native gaming console could see the network eventually rival Solana, but tokenomics pose a looming threat.

Sui's technical capabilities and the upcoming release of a native gaming console could see the network eventually rival Solana, but tokenomics pose a looming threat.