- The SUI is up a considerable 70% over the previous seven days.
- Sui Community's TVL additionally rose to $1.383 billion.
- The SUI RSI reads 78, which confirms that the altcoin is overbought.
SUI, Sui Community's native layer 1 blockchain token, is up 70% prior to now week and continues to hit new highs, outperforming most altcoins in current months. At present the 14th largest cryptocurrency by market capitalization, SUI has turn into a profitable funding.
Based on information from CoinMarketCap, SUI is buying and selling at $3.15, up 9.87% within the final 24 hours and 56.35% within the final 30 days. The altcoin is up a large 441.76% since November 2023, whereas its market cap has risen from $584 million to $8.96 billion at press time, representing large development potential.
About an hour in the past, SUI hit a brand new all-time excessive of $3.28 and is presently buying and selling at a 3.54% low cost. Based on DefiLlam information, the overall worth locked (TVL) of the blockchain protocol can also be rising. SUI's TVL has grown from $133 million on November 11 final yr to $1.383 billion on the time of writing.
In the meantime, Scallop (SCA), a lending protocol…
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