Sui, a relatively new blockchain, has had a dynamic debut year, marked by numerous milestones and notable partnerships. It joined the Korea Blockchain Week as the official event partner and was named the 2024 Blockchain Solution of the Year at the AIBC Eurasia Awards. The Sui Network also dispelled token supply allegations, clarifying that SUI tokens are locked within third-party custodians and can't be moved.The Sui Network has seen significant tech breakthroughs and growth with the unveiling of the new Sui Bridge, successful stress test transactions, and ground-breaking Web3 capabilities. However, it faced a downward trend as bears maintained control, prompting discussions about its long-term potential and price probabilities. Despite this, Sui achieved 1 Million daily active wallets, highlighting a strong user base.The Sui coin price has seen significant volatility, facing a 30% decline, 38% plummet in a week, and struggling to maintain the $1.50 grip. However, it also experienced a recovery with a 28% surge in seven days and a 14% rise in a single day. In the DeFi space, Sui continues its major advances and strategic alliances, involving partnerships with Oracle Stork, Mesh, Revolut, and Google Cloud to further blockchain education and adoption, improved pricing data, and Web3 innovation. It also entered the top 10 blockchains because of its DEX volume surge. Technical analysis suggests potential for further growth, with a Price Estimated to Reach $1.54 by May 2024. The advancements made by Sui indicates its strong capability as a DePIN Chain and an 'Ethereum Killer'. Still, users must remain wary of potential market downturns.
SUI Coin News Analytics from Fri, 21 Jul 2023 13:24:12 GMT to Fri, 21 Jun 2024 21:13:00 GMT -
Rating 1
- Innovation 8
- Information 9
- Rumor -3
