Analysis Crypto by Thebittimes.Com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Digital asset management giant Grayscale says one layer-one blockchain is the best-positioned out of any to potentially steal market share away from Ethereum (ETH), the biggest smart contract platform by market cap. In a new report from Grayscale Research, the firm says Sui (SUI) provides “one of the highest throughput and lowest transaction costs of any single-layer network” without relying on additional scaling layers, as Ethereum does. Grayscale notes that Sui represents only 0.3% of its Smart Contract Platforms Crypto Sector by market capitalization. According to the firm, its Smart Contract Platforms Crypto Sector index includes crypto assets that serve as the baseline platforms upon which self-executing contracts are developed and deployed. “Although competition within the Smart Contract Platforms Crypto Sector is likely to remain intense, Grayscale Research believes that Sui is currently the best-positioned third-generation blockchain to c...

The cryptocurrency market was painted red. A number of assets were seen bleeding making it an uneventful start to the week. SUI was also part of this and witnessed a much bigger downfall. Despite this, the community is sure that the asset will record a new all-time high sooner than later. This is mostly because of SUI’s rise earlier this month, where it hit a new peak. The real question is if the cryptocurrency will end the first month of the year on a good note. Also Read: XRP on Edge: SEC Appeal Looms as Ripple Countdown Hits Critical Stage SUI Slips By Over 7% Source: Asia Crypto Today Over the past 24 hours, the altcoin recorded a 7.36% drop. At the time of writing, SUI was trading at $4.49. The asset’s weekly loss stands at 13%. Amidst this, the cryptocurrency’s trading volume was on the rise. Throughout the past day, the asset’s volume surged by 51%, bringing the final value to $1.33 billion. Source: CoinMarketCap It is worth noting that SUI hit an all-time...

The Sui price climbed 4% in the last 24 hours to trade at $4.80 as of 9:05 p.m. EST on trading volume that rose 2% to $1.7 billion, according to Coingecko. Sui Price Aims For A Breakout To Continue Its Bullish Rally Over the past few weeks, the Sui price has been in a well-established uptrend, as evidenced by the formation of higher highs and higher lows within a parabolic curve. Recently, the asset broke out of a rounding bottom which is a bullish continuation pattern, signaling further upward momentum. The price of Sui is currently consolidating just below the $4.93 resistance level, which represents the most recent swing high. This consolidation could be indicative of a pause in the rally, often referred to as a bull flag. The key support levels to monitor lie at $4.24 (the 50-day Simple Moving Average (SMA)) and $3.67 (the 200-day SMA), both of which have acted as strong areas of support during the uptrend. Meanwhile, the Relative Strength Index (RSI) is currently at 68.43, i...

The Sui price plunged 11% in the last 24 hours to trade at $1.71 as of 3 a.m. EST on trading volume that surged 9% to $1.4 billion. The token’s price has been trading against the market over the last few days, going higher and higher until it reached the resistance at $2 That was driven by several positive developments announced lately, such as Atoma bringing decentralized AI to Sui, and using its fast consensus and cheap transaction fees. The move is said to have the potential to enable various possibilities for applications building on Sui to integrate open source AI models with verifiability guarantees. Atoma is bringing decentralized AI to Sui, utilizing its fast consensus and cheap transaction fees! This enables countless possibilities for applications building on Sui to integrate opensource AI models with verifiability guarantees. Atoma can be used to generate code, mint… https://t.co/iPxBJDon2P — Sui (@SuiNetwork) October 4, 2024 Other than that, Sui ...

SUI crypto has jumped 20% in value. This significant rise comes as Grayscale announces a new $SUI Trust. The trust opens new ways for wealthy investors to buy into $SUI. Also Read: US Debt Crisis Deepens: Interest On Payments Surges To $3B Per Day Understanding SUI’s Crypto Surge, Grayscale Trust, and Investment Potential Source: ChainWire Grayscale’s SUI Trust: A Game-Changer for Institutional Investors Grayscale, a big name in digital money, has started the Grayscale Sui Trust. This new fund lets rich investors buy $SUI without the hassle of owning actual crypto. Grayscale Sui Trust is open to eligible accredited investors seeking exposure to $SUI, a third-generation blockchain designed to help address scalability and transaction costs. Click below to learn more about Grayscale Sui Trust or reach out to us: https://t.co/WgCAFA7E8L pic.twitter.com/gic7kJDzF6 — Grayscale (@Grayscale) September 11, 2024 The trust is a big deal for $SUI. It could bring in big investors w...

The altcoin market looks bullish as some coins try to bounce back. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend. Institutional investors are now paying more attention to interoperability and tokenizing real-world assets. Prices of these assets are climbing, even before the market takes off entirely. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Attention in the crypto market in the coming month will go toward the altcoin and meme coin sectors and making the most of the altcoin market. Hence, investors can capitalize on the moment and take a position in upcoming tokens like PlayDoge. PlayDoge is a new Doge meme coin that uses play-to-earn technology to create a gaming economy with real monetizable value. This post covers the details of its presale. 1. UNUS SED LEO (LEO) UNUS SED LEO is a utility token within the iFine...