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Why Sui (SUI) May Reclaim All-Time High in October Beincrypto 01 окт 2024

Why Sui (SUI) May Reclaim All-Time High in October 📈

Layer-1 blockchain Sui has achieved several milestones recently, positioning its native coin, SUI, to potentially reclaim its all-time high of $2.16 in October. The coin's bullish sentiment is bolstered by market expectations of a broader rally.

One significant milestone is SUI’s surge in Total Value Locked (TVL), reaching $1.07 billion. This 65% uptick in the past month indicates growing confidence in Sui’s utility, possibly leading to a rise in SUI's price as more investors are attracted to the network.

Additionally, the mainnet launch of Sui Bridge is expected to increase TVL further. This development allows secure asset transfers between Ethereum and Sui networks, attracting new users and boosting liquidity, which would likely push SUI's price upward.

Sui's daily active addresses rose by 140% last month, further supporting the bullish outlook for SUI. Increased activity on the network often leads to heightened demand, boosting the coin’s price potential.

SUI’s rising open interest at $750 million, the highest since January, suggests new capital is entering the market, indicating increased buying activity and a bullish trend. If this momentum continues, SUI may reclaim its all-time high of $2.18.

However, if selling pressure increases, the price could fall towards $1.11 and potentially further decline to $0.86.

Источник: beincrypto.com ↗

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SUI crypto: Is $4 possible amidst rising Open Interest? Ambcrypto 08 окт 2024
SUI crypto: Is $4 possible amidst rising Open Interest?
Sui Price Forecast: After 100% Rise, How Close is a New All-Time High? Coingape 08 окт 2024
Sui Price Forecast: After 100% Rise, How Close is a New All-Time High?
SUI Price Demonstrating Strength: May Undergo a 10x Rally to Rise above $4 in 2024 Coinpedia 18 окт 2024
SUI Price Demonstrating Strength: May Undergo a 10x Rally to Rise above $4 in 2024
SUI Price ATH Possibility Fades As Decline Below $2 Raises Concern? Coinpedia 10 окт 2024
SUI Price ATH Possibility Fades As Decline Below $2 Raises Concern?
Sui Price Skyrockets 140% in a Month; Is ATH Possible for SUI? Coingape 02 окт 2024
Sui Price Skyrockets 140% in a Month; Is ATH Possible for SUI?
SUI Network Attracts Strong Demand as Coin Prices Surge Cointurk 07 окт 2024
SUI Network Attracts Strong Demand as Coin Prices Surge
Analysts Assess Recent Developments in SUI and EIGEN Coins Cointurk 08 окт 2024
Analysts Assess Recent Developments in SUI and EIGEN Coins
Crypto Strategist Predicts Significant Price Surge for SUI Cointurk 15 окт 2024
Crypto Strategist Predicts Significant Price Surge for SUI
SUI Shows Signs of Recovery Amid Strong Netflow and Market Sentiment, Raising Hopes for Continued Growth Coinotag 23 ноя 2024
SUI Shows Signs of Recovery Amid Strong Netflow and Market Sentiment, Raising Hopes for Continued Growth
SUI Price Surge Nears All-Time High as Investor Confidence Grows Amid Strong Demand Coinotag 18 ноя 2024
SUI Price Surge Nears All-Time High as Investor Confidence Grows Amid Strong Demand
SUI Token Declines 11.7% with Broader Sui Ecosystem Downtrend Coinotag 04 окт 2024
SUI Token Declines 11.7% with Broader Sui Ecosystem Downtrend
SUI Price Surge Suggests Growth Potential Amid Market Dynamics and Key Support Levels Coinotag 1 неделю назад
SUI Price Surge Suggests Growth Potential Amid Market Dynamics and Key Support Levels
SUI Skyrockets 115% with USDC Integration as Memecoins Boost Network Activity Coinotag 04 окт 2024
SUI Skyrockets 115% with USDC Integration as Memecoins Boost Network Activity
Considering the Current Market Sentiment: Could SUI Experience a 20% Drop if Price Fails to Hold Above $2.2? Coinotag 08 окт 2024
Considering the Current Market Sentiment: Could SUI Experience a 20% Drop if Price Fails to Hold Above $2.2?
SUI’s Potential Rise Amidst BTC Dominance: Could Layer-1 Tokens Thrive Again? Coinotag 23 окт 2024
SUI’s Potential Rise Amidst BTC Dominance: Could Layer-1 Tokens Thrive Again?
SUI Price Outlook: Can Recent Net Inflows Sustain Momentum Against Solana and Ethereum? Coinotag 03 ноя 2024
SUI Price Outlook: Can Recent Net Inflows Sustain Momentum Against Solana and Ethereum?
SUI Poised for Potential Price Gains as Trading Volume Surges Ahead of APT’s Performance Coinotag 14 ноя 2024
SUI Poised for Potential Price Gains as Trading Volume Surges Ahead of APT’s Performance