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Judging by rising institutional interest and capital inflow, Sui (SUI) might be a ‘core pillar’ of the upcoming bull cycle, according to cryptocurrency analyst Michaël van de Poppe. Accordingly, van de Poppe argued on June 9, that is only a matter of time until we see a new all-time high for SUI. “SUI remains to be one of the core pillars of the upcoming bull cycle… It’s a matter of time until this one continues to rally towards a new ATH.” — Michaël van de Poppe. Michaël van de Poppe’s SUI prediction. Source: X As per CoinMarketCap, SUI now ranks as the 9th highest blockchain by total value locked (TVL). Suilend, a decentralized lending protocol built on Sui, has also seen no less than a 90% increase in TVL over the past month, locking in a total of $700 million.  Likewise, Bitcoin (BTC)-related assets now account for over 10% of SUI’s TVL, while multiple financial institutions have filed for a SUI-based exchange-traded fund (ETF). SUI performa...

The Sui blockchain saw major gains after Copper’s USDC integration, with SUI hitting a new all-time high of $4.40. The cryptocurrency market volatility worked in SUI’s favor as the layer-1 platform gained 16% in 24 hours. This showed strong blockchain scalability with the market cap reaching $12.3 billion. The move helps reduce crypto security risks and brings more institutional investors to Sui’s growing ecosystem amidst rising cryptocurrency market volatility. USDC on Sui now has the support of @CopperHQ’s enterprise-grade custody infrastructure, adding even more momentum to Sui’s top 10 DeFi ecosystem! https://t.co/wmCoc1vm96 — Sui (@SuiNetwork) December 5, 2024 Also Read: Ripple’s XRP Joins Nasdaq Worksport’s $5M Crypto Treasury Shift How Copper’s USDC Support Impacts the SUI Price and Blockchain Scalability Source: Blog.sui.io Copper USDC Integration Enhances Institutional Infrastructure Copper’s USDC integration brings professional-grade tools ...

Donald Trump’s historic win in the 2024 U.S. elections on November 6 is sparking renewed excitement in the crypto industry, especially as his pro-crypto promises have invigorated investors.  Following a decisive Republican victory, the cryptocurrency market has surged, with Bitcoin (BTC) hitting a new all-time high above $90,030 on November 12, bringing fresh momentum to the broader market. Amid this rally, two promising altcoins, Chainlink (LINK) and Sui (SUI), stand out for their potential to reach a $10 billion market cap by the end of the year.  Picks for you Smart trader buys $34M in ETH as Ethereum Foundation sells $340k 2 hours ago This is the event that will force MicroStrategy to sell Bitcoin, warns expert ...

A widely followed analyst and trader is leaning bullish on an altcoin in the Ethereum (ETH) ecosystem while updating his outlook on three crypto assets. The trader pseudonymously known as Sherpa tells his 223,200 followers on the social media platform X that Aave (AAVE) is “still undeniably very strong” as the Ethereum-based decentralized finance (DeFi) lending platform rests below a major resistance level on the weekly time frame after a consolidation phase that has lasted years. “This thing chopped for 2+ years, it looks ready.” Source: Sherpa/X AAVE is trading at $147 at time of writing, up by around 54% over the past 30 days. Next up is Solana (SOL). According to the widely followed trader, Solana is in the process of bottoming out on the daily time frame. “I think that this grinds up from here. Not a bad swing trade as long as Bitcoin stays friendly.” Source: Sherpa/X Solana is trading at $134 at time of writing. Turning to the n...

Sui token had a lot of hype around it prior to its launch. However, once the token went live, it immediately fell by around 70%. At press time, the asset had fallen 36.1% in the last 24 hours. Amid falling prices, many have voiced concerns about the amount of SUI tokens being held by market makers. Some believe that market makers were responsible for dumping a lot of SUI tokens upon launch. Bought some $Sui at $1,27 AVG. Put 2 limits on 1,5 and 1,8. I fell that MM sold big part of their tokens and dump the price on the first candle. DYOR, I have stop loss at $1,21. pic.twitter.com/ug9DYWoEY7 — 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) May 3, 2023 According to reports, SUI has given market makers 4% of its overall supply. This results in the circulating supply of tokens increasing by an additional 400 million. However, some argued that the real amount of tokens allocated is closer to 75%. Furthermore, due to the vesting schedules put in place by exchanges like OKX and Kucoin, the i...

With the underlying asset for the perpetual contract being SUI, the trading platform said the settlement will be made using the Tether (USDT) stablecoin. While the trading platform noted that the new product will support a multi asset mode, it also confirmed that the Perpetual contracts will be accessible for trading 24/7. advertisement One of the most important feature that the Binance USDⓈ-M SUI perpetual contract is launching with is that it comes with a 50x leverage with a tick size of 0.0001. Besides Binance being one of the first exchanges to unveil it will be supporting the SUI token launch, it is also effectively now ranking as the trading platform that will be pioneering the listing of SUI’s perpetual contract.  In a note to prospective SUI perpetual contract traders, Binance said it will be observing the market’s momentum and may adjust the tick size and other launch parameters if there is a need to do so. ...