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Tag: SUI

  • Sui breaks $3 resistance: Is a new ATH next?

    Sui breaks $3 resistance: Is a new ATH next?

    • SUI is currently priced above $3, rallying higher following a descending wedge breakout. 
    • An ascending triangle pattern on the 4-hour chart signals bullish flip. 
    • However, while MACD suggests buyers are in control, the RSI is near overbought territory.

    Sui (SUI) has surged to the critical $3 resistance level, breaking above it amid double-digit gains in the past 24 hours.

    CoinGecko data shows SUI price trading more than 11% up in this period, with a notable 102% spike in trading volume that hovered around $1.28 billion.

    The price gains to intraday highs of $3.05 put the altcoin above a key supply wall, which offered both a psychological and technical barrier in recent weeks.

    Notably, Sui ecosystem tokens, including Walrus and DeepBook Protocol, have also surged in the past 24 hours.

    Sui eyes gain amid bullish momentum

    SUI’s uptick aligns with the broader market spike that pushed Bitcoin to above $109,000 and major altcoins like Ethereum, XRP and Solana higher.

    Tailwinds for altcoins helped Sui price, with this coming amid a recent bounce from lows of $2.3.

    Robust on-chain fundamentals that have also seen Sui blockchain’s total value locked (TVL) hold above $2.2 billion signal overall confidence in the ecosystem.

    Other metrics such as rising stablecoin liquidity and transaction volumes align with bullish momentum.

    Sui is also seeing notable growth in developer activity, leading the Move ecosystem.  Sam Blackshear, chief technical officer of Mysten Labs shared this outlook.

    The 11% surge has extended SUI’s upward price action over the past two weeks. Sui’s losses in the past month are indeed down to 8%.

    Sui price prediction

    With SUI attempting to break above $3, bulls may target key levels of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 come into view.

    Notably, buyers are upbeat after the token broke out of a descending wedge pattern. That move allowed for a bullish reversal as long bets ramped up.

    Additionally, the formation of an ascending triangle pattern on the 4-hour chart has reinforced the bullish outlook. Given this outlook, the $3 level could act as a springboard for potential further gains. 

    Sui chart by TradingView

    On the technical front, key indicators show buyers are in control.

    The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the histogram suggesting that bulls currently hold the upper hand.

    However, the Relative Strength Index (RSI) is trending at 70 and an extended uptick into the overbought territory could signal a potential downturn.

    In this case, macro headwinds and profit-taking could mean a short-term flip to support levels around $2.6.

    The post Sui breaks $3 resistance: Is a new ATH next? appeared first on CoinJournal.



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  • SUI price sees 15% gain, but are bulls out of the woods yet?

    SUI price sees 15% gain, but are bulls out of the woods yet?

    Sui Price

    • SUI price surged 15% to $2.91, rebounding from a weekly low of $2.29.
    • Gains align with a broader crypto market recovery driven by improved investor sentiment and easing geopolitical tensions.
    • SUI could break above $3 and potentially eye a new peak, or dip to support near $2.

    The SUI token, native to the Sui layer-1 blockchain, has soared by more than 15% in the past 24 hours, with gains to highs of $2.91 coming amid a lift in crypto market sentiment.

    Notably, Sui’s uptick halts a month-long decline that pushed the token from highs of $3.80 to its lowest levels since April. But as the broader market sentiment improves, SUI’s rebound has investors in an optimistic mood as bulls target further gains.

    However, with key resistance levels looming, the question remains whether this surge signals a lasting bullish trend or a bull trap.

    Sui price jumps 15% amid crypto bounce

    After enduring weeks of downward pressure, SUI has rebounded sharply, trading to an intraday high of $2.91 on Tuesday. At the time of writing, the altcoin’s price was at $2.79.

    The double-digit gains align with the uptick in prices for the broader cryptocurrency market, with easing geopolitical tensions and Fed chair Jerome Powell’s remarks adding to investor confidence.

    Sui price also gained as OKX Wallet teamed up with Navi Protocol and Momentum to “bring BTCfi to life” on Sui. The community can take part for a chance to grab a share of $2.5 million in rewards.

    The SUI token thus gained as major assets like Bitcoin (BTC) and leading altcoins posted upward moves.

    However, SUI’s double-digit surge stands out as it reflects a bullish impulse amid what appears as a bearish set still. The token remains 20% down over the past month and is well off its all-time peak of $5.35.

    Sui price prediction: Are bulls ready to run?

    The technical picture shows SUI’s price action in a descending channel on the daily chart. Sui also signals a broader descending triangle pattern. This suggests sellers may yet have a say despite the spike from weekly lows of $2.29.

    A look at the charts shows the RSI bouncing off the oversold level, which means room for growth. The MACD indicator also signals a potential bullish crossover, highlighting gains as critical for bulls if they want to take the upper hand.

    In this case, the key hurdles will be around $3.50 and $4.13. Take these out, and bulls could run to the ATH and higher.

    Sui price chart by TradingView

    Conversely, failure to maintain momentum could see SUI retreat to the $2.43 support, where a recent local low formed. If bears breach this level, it might be a bloodbath to the psychological $2 or lower.

    SUI’s 15% surge reflects a broader market recovery and renewed interest in the SUI ecosystem.

    Yet, with critical resistance levels ahead and the threat of bearish pressure lingering, the token’s trajectory remains uncertain.
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  • SUI price breakout? Technical pattern signals move toward $4.25

    SUI price breakout? Technical pattern signals move toward $4.25

    Sui Surges As Altcoins Tap Upside Momentum

    • SUI price gains as token continues upside with monthly gains of over 85%
    • The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin.
    • Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25.

    Sui price is up 12% in the past week, with the altcoin rising as Bitcoin spikes to near $100k.

    With equities also on the up after US President Donald Trump announced a trade deal with the United Kingdom, BTC looks poised for further gains.

    A leg up for the altcoin market amid this scenario could tie into Sui’s latest pump.

    One crypto analyst forecasts Sui price could rally to above $4 with a key technical pattern breakout.

    Gains see Sui ecosystem tokens rise

    The Sui ecosystem tokens have seen their total market capitalization jump by more than 6% in the past 24 hours to above $29 billion.

    While most of this is in the SUI network’s native token at $12 billion, a lot of the top ecosystem tokens are registering notable gains.

    Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) prices have increased 10%, 9%, and 12%, respectively, in the last 24 hours.

    The three tokens’ market cap values stood at over $1.4 billion, $800 million, and $596 million, respectively.

    Is Sui price set for a rally above $4?

    The gains for Sui and the ecosystem tokens mirror broader market performance this week, with bulls looking to take control amid macroeconomic and regulatory catalysts.

    In this respect, crypto analyst Captain Faibik has shared a bullish price prediction for SUI.

    According to the analyst, who shared the outlook via X, the layer blockchain network’s native token could spike to $4.25.

    He based his forecast on the technical chart for Sui, which shows a breakout from a channel pattern.

    The analyst’s 4-hour chart shows the SUI/USD pair breaking above the upper trendline.

    Currently, SUI price hovers near at $3.79, up nearly 12%, and with a 24-hour volume of $2.18 billion.

    The altcoin changed hands at $3.24 during the Asian session on Thursday, and a surge to above $4 will see buyers flip focus to the all-time high of $5.35 reached on January 6, 2025.

    From the current level, this will be a 29% increase.

    Notably, SUI is up more than 85% in the past month, having jumped from lows of $2.03 on April 16, 2025.

    While the broader risk asset market may yet hit macroeconomic headwinds, the current outlook suggests bulls may have an upper hand.

    Sui’s traction as the blockchain network for digital asset ownership helps this outlook.

    Headwinds will, however, stall upside momentum, likely exacerbated by profit-taking deals.

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  • SUI and SEI rally as Bitcoin tops $96K, breakouts signal 2025 highs

    SUI and SEI rally as Bitcoin tops $96K, breakouts signal 2025 highs

    • The surge in the altcoins comes amid a broader rally triggered by Bitcoin’s new milestone.
    • The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.
    • After dipping below $0.14 earlier this year, the token has reversed its downtrend.

    As Bitcoin pushed past $96,000 this week, it reignited interest across the altcoin market.

    Among the tokens gaining significant traction are SUI and SEI, both of which are showing breakout signals following months of gradual upward movement.

    With bulls regaining control and wider market sentiment turning optimistic, analysts are now closely watching these two tokens to see if they can test their respective highs in 2025.

    Solana, another top-10 cryptocurrency by market cap, has also reclaimed levels above $150, contributing to renewed enthusiasm for smaller tokens like SUI and SEI.

    The current price action suggests growing accumulation among traders as technical patterns hint at continued bullish momentum.

    SUI’s $4 target comes into play

    SUI, the native token of the Layer 1 blockchain developed by Mysten Labs, is showing signs of a breakout from its recent consolidation phase.

    After rising 60% in a short span, the token managed to avoid a correction, instead consolidating within a narrow range for more than a week.

    This range-bound behaviour has now culminated in a bullish breakout, supported by technical indicators.

    The daily chart for SUI reveals a bull flag pattern, often considered a continuation signal for uptrends.

    The price is now approaching resistance near the $4 level, which will be the next major test.

    Source: CoinMarketCap

    Meanwhile, the 50-day moving average has flipped positive, confirming a potential bullish reversal.

    The MACD, though showing some decline in buying volume, remains above the zero line.

    A golden cross—where the 50-day moving average crosses above the 200-day—could also occur in the near term, bolstering the bullish case.

    Despite occasional dips in volume, SUI’s price action suggests investor confidence is still intact.

    If this trend continues, the token could aim for a new all-time high closer to $7 in 2025, especially if Bitcoin remains above its current support levels.

    SEI bulls eye $0.5 breakout

    SEI has also emerged as a strong gainer in the current cycle.

    After dipping below $0.14 earlier this year, the token has reversed its downtrend and is forming a pattern of higher highs and higher lows.

    More notably, it has broken through the bearish Gaussian Channel on the chart—a move typically interpreted as the beginning of a longer-term uptrend.

    Volume indicators, particularly the Chaikin Money Flow (CMF), show a clear uptick in capital inflows into SEI.

    The CMF has moved above zero for the first time in weeks, signalling increased investor interest.

    With resistance levels at $0.32, $0.40, and $0.44 coming into view, SEI appears poised for further gains.

    Source: CoinMarketCap

    A move past the $0.48–$0.50 zone, which marks a significant resistance area, could trigger a fresh leg up.

    If momentum sustains and market conditions remain favourable, SEI may well be on track to approach the $1 mark by mid-2025.

    This would represent a more than 7x gain from its previous lows, making it one of the standout performers of the cycle.

    Technical indicators support further gains

    Both tokens are showing confluence across several key indicators. SUI’s RSI remains in neutral territory, leaving room for more upside.

    SEI, on the other hand, has just crossed into bullish territory, suggesting its rally may still be in its early phase.

    Market watchers are now focusing on the next few days for confirmation of trend continuation.

    While external factors such as macroeconomic sentiment, US regulatory decisions, and Bitcoin volatility will continue to influence prices, the charts for SUI and SEI provide a positive technical outlook in the short-to-medium term.

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  • Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential

    • Bitcoin gained over 10% this week, testing key resistance near $95,000 amid strong buying.
    • US Spot Bitcoin ETFs saw massive $3.06 billion weekly inflows, signaling renewed institutional interest.
    • Avalanche (AVAX) consolidates near $23.50 resistance; a breakout could target $31.73 (double-bottom).

    Bitcoin demonstrated renewed strength this week, posting gains of over 10% as determined buyers pushed the price back towards the significant overhead resistance level near $95,000.

    While consolidating below this key hurdle, the fact that buyers haven’t ceded significant ground suggests underlying bullish conviction, further supported by robust institutional inflows and optimistic analyst projections.

    ETF inflows signal renewed institutional appetite

    The sharp upward move in Bitcoin’s price has been significantly bolstered by resurgent buying activity in the US spot Bitcoin exchange-traded funds (ETFs).

    Data from Farside Investors revealed impressive weekly inflows totaling $3.06 billion into these funds.

    Commenting on this influx, Bloomberg ETF analyst Eric Balchunas highlighted on X (formerly Twitter) how notable it was to witness “HOW FAST the flows can go from 1st gear to 5th gear,” indicating a rapid acceleration in institutional demand.

    This renewed buying coincides with bullish technical and quantitative signals. 21st Capital co-founder Sina noted on X that Bitcoin had reclaimed its “power-law price,” a model suggesting considerable long-term upside.

    Sina’s Bitcoin Quantile Model projects potential targets between $130,000 and $163,000 before the end of 2025.

    Other anonymous analysts, like apsk32, hold even more ambitious short-term targets, predicting a move above $200,000 in the fourth quarter of this year.

    Bitcoin (BTC) price analysis: bulls target $100K

    The price chart reveals a tense battle unfolding near the critical $95,000 resistance.

    Technical indicators currently favor the bulls: the 20-day exponential moving average (EMA), sitting around $88,619, is sloping upwards, and the relative strength index (RSI) is positioned near overbought territory, signaling strong buying momentum.

    A decisive close above the $95,000 mark could act as a powerful catalyst, potentially propelling the BTC/USDT pair towards $100,000 and subsequently to the $107,000 region.

    However, sellers are expected to mount a strong defense in the zone between $107,000 and $109,588.

    Conversely, the 20-day EMA serves as crucial near-term support.

    A break below this level could invalidate the immediate bullish momentum and potentially pull the price back into the broader range between $73,777 and $95,000.

    Looking at the 4-hour chart, bears are actively defending the $95,000 level but have struggled to push the price decisively below the shorter-term 20-EMA.

    A rebound off this moving average would strengthen the case for an eventual breakout above $95,000, targeting $100,000.

    However, failure to hold the 4-hour 20-EMA could lead to a deeper pullback towards the 50-simple moving average (SMA), a key level bulls must defend to prevent a slide towards $86,000.

    Sui (SUI) price analysis: testing resistance, eyeing upside

    Sui (SUI) has encountered resistance near the $3.90 level.

    However, the pullback from this high has been relatively shallow, indicating that bulls are holding their positions rather than rushing to take profits.

    If the price remains above the 38.2% Fibonacci retracement level at $3.14, buyers are likely to make another attempt to push the SUI/USDT pair above $3.90.

    A successful breakout could see the price surge towards $4.25 and potentially $5.00.

    On the downside, a break below $3.14 would signal the start of a more significant correction, potentially targeting the 50% retracement level at $2.94.

    Buyers are expected to defend the zone between $2.94 and the 20-day EMA (currently around $2.69).

    The 4-hour chart shows support near the 20-EMA, but sellers remain active at higher levels.

    A break below the 4-hour 20-EMA could trigger a drop to $3.14, while a push above the
    3.81−3.90 resistance is needed to confirm the next leg up towards $4.25.

    Avalanche (AVAX) price analysis: range consolidation, breakout potential

    Avalanche (AVAX) has been consolidating within a range defined by support at $15.27 and resistance near $23.50.

    Trading within such ranges often involves buying near support and selling near resistance.

    While buyers haven’t yet managed to decisively break above $23.50, the fact they haven’t given up much ground suggests accumulation might be occurring.

    A breakout above $23.50 would complete a potential double-bottom pattern, a bullish formation with a calculated target objective near $31.73.

    However, this optimistic scenario would be invalidated if the price turns down and breaks below the moving averages, suggesting the range-bound action might persist.

    On the 4-hour chart, AVAX has been consolidating tightly between $21.60 and $23.10. This narrow range indicates bulls are holding firm, anticipating further upside.

    A break above $23.10 could trigger a move towards $25, likely overcoming the resistance at $23.50.

    Conversely, a drop below $21.60 would signal weakening bullish resolve, potentially pulling the price down towards $19.50.

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  • Sui (SUI) and Bitcoin Dogs (0DOG) gains attract investors’ attention

    Sui (SUI) and Bitcoin Dogs (0DOG) gains attract investors’ attention

    Sui (SUI) and Bitcoin Dogs (0DOG) gains attract investors’ attention
    • Sui (SUI) has surged 116.2% in three months.
    • While Bitcoin Dogs (0DOG) has seen a considerable decline since its public listing, key metrics point to a possible trend reveal.
    • Both tokens show growth potential, with SUI’s TVL exceeding $1 billion and rising interest.

    Cryptocurrency investors are continuously on the lookout for promising assets that offer significant growth potential and two tokens, Sui (SUI) and Bitcoin Dogs (0DOG), have caught the attention of investors.

    Both Sui and Bitcoin Dogs have showcased impressive performance and unique features, making them appealing choices for traders and long-term investors.

    Sui price soars by 63% in two weeks amid bullish market sentiment

    Sui (SUI) has recently made headlines, witnessing a remarkable price increase of over 116.2% in the past three months, outpacing established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

    Currently priced at around $1.77, SUI has demonstrated resilience despite a recent price pullback, suggesting a robust bullish sentiment. Its price has risen by 63.7% over the past two weeks adding to its yearly gains of 277.09%, at press time.

    Sui’s TVL recently surpassed the significant milestone of $1 billion, hitting an all-time high of $1.03 billion on September 19. Although the TVL has slightly decreased to approximately $984.85 million according to DefiLlama, this figure still represents a substantial increase from previous metrics, showcasing the growing liquidity and trust in Sui’s decentralized finance (DeFi) ecosystem.

    A higher TVL generally indicates greater liquidity, making the protocol more attractive to both investors and developers.

    Sui’s trading volume also reflects strong market confidence, with recent spikes reaching over $1 billion, indicating sustained investor interest. The derivatives market mirrors this trend, with volumes reaching $2.49 billion on September 25, a notable 35.57% increase within just 24 hours.

    Despite some fluctuations, these figures underscore a high level of participation in the SUI derivatives market, with significant short liquidations suggesting that bearish traders are being squeezed out, paving the way for continued bullish momentum.

    In addition to impressive financial metrics, Sui has seen a rise in user engagement, with daily active addresses increasing from 1.24 million to 1.8 million on September 27—a 12.93% uptick in just one day. This surge in user participation signals heightened interest in Sui’s decentralized applications (dApps) and services, which could further enhance the asset’s attractiveness.

    Bitcoin Dogs (0DOG): The Rising Meme Coin

    Besides Sui, Bitcoin Dogs (0DOG), a relatively new meme coin, is rapidly establishing itself in the meme coin sector. It is currently priced at $0.00661 after a successful presale round and listing on several crypto exchanges including MEXC.

    Although 0DOG has experienced notable volatility, including a 64.83% decline over the past month, its long-term prospects remain bullish. This is largely due to its close correlation with Bitcoin’s price movements, positioning it as a leveraged play on Bitcoin, especially as institutional interest in Bitcoin ETFs grows.

    What sets Bitcoin Dogs apart is its innovative approach. As the first-ever ICO project on the Bitcoin network, it combines elements of NFTs and play-to-earn (P2E) gaming mechanics. The upcoming launch of its Telegram game is anticipated to provide additional utility, attracting not only meme coin enthusiasts but also gamers and investors looking for innovative blockchain projects.

    This unique blend of features positions Bitcoin Dogs as more than just another meme coin; it represents a new frontier in the Bitcoin ecosystem.

    Despite recent fluctuations, Bitcoin Dogs has the potential to outperform traditional assets in bullish market conditions.

    Analysts predict that the meme coin supercycle is just beginning, with 0DOG expected to capitalize on this trend. Early Bitcoin investors, who have demonstrated market-savvy decisions in the past, are flocking to Bitcoin Dogs, hoping to replicate their initial successes with Bitcoin.

    Conclusion

    With both Sui and Bitcoin Dogs capturing investor attention through their unique value propositions and strong metrics, they are set to play significant roles in the evolving cryptocurrency landscape. As more participants enter the market, these tokens could pave the way for future growth, making them essential assets to watch closely in the coming months.

    Whether you are a seasoned trader or a newcomer to cryptocurrency, SUI and 0DOG offer intriguing opportunities for those willing to explore their potential. For more information about 0DOG, you can visit the project’s website.

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  • SUI price surges as TVL hits $1.3 billion

    SUI price surges as TVL hits $1.3 billion

    Grayscale introduces Grayscale SUI Trust, boosting SUI price
    • Sui has seen a more than 44% spike in price in the past week and 65% in 30 days.
    • Gains come after the Grayscale Sui Trust opened for accredited investors.
    • The SUI network’s total value locked has surpassed $1.34 billion.

    SUI price has surged by more than 44% in the past week to trade above $1.67. The gains include a more than 65% spike in the past 30 days. This sees the native token of the layer 1 blockchain platform reach highs last seen in early April.

    What catalyzed SUI price surge?

    Sui has experienced a notable surge in volume after Grayscale announced its Sui Trust was now open to accredited investors.

    Daily volume for SUI skyrocketed after the news, and price followed, hitting levels above $1.

    SUI price on CoinMarketCap

    Sui’s price rally to above $1.67 has also coincided with a sharp increase in total value locked in various decentralized finance protocols in the Sui ecosystem. OKX Ventures pointed to the Grayscale Sui Trust’s boost to SUI market credibility as institutional interest emerged.

    Sui TVL hits $1.3 billion

    The bullish sentiment around this outlook is showing in the on-chain activity that has the TVL hitting $1.34 billion.

    According to DeFiLlama, Sui’s TVL rose from about $250 million at the start of 2024 to cross $1 billion in May. However, it dropped to $462 million on Aug. 5 amid the cryptocurrency market crash that pushed Bitcoin price below $50k.

    Notable though is the spike back to $1 billion and acceleration to $1.34 billion in less than a month. It means a more than 377% spike year-to-date and 47% month-to-date.

    Sui’s growing DeFi ecosystem that’s behind this surge include increased adoption for protocols across lending, decentralized exchanges, real-world assets, derivatives and yield.

    Navi Protocol has seen its TVL increase 34% month-to-date to over $449 million.

    Lending protocols Scallop and Suilend have respective TVL readings of $246 million and $203 million. It represents a 34% and 100% MTD spike respectively.

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  • Crypto price prediction: Sui, Bitcoin, Poodlana

    Crypto price prediction: Sui, Bitcoin, Poodlana

    SUI’s bullish momentum has has boosted it to the day’s top gainer among cryptos as Bitcoin struggles to break the crucial zone of $60,000. Meanwhile, Poodlana has meme coin traders at the edge of their chairs with less than 100 hours to go before it hits the public shelves.

    SUI is the day’s top gainer

    Among the trending cryptocurrencies in the new week is SUI. As at the time of writing, it was the top gainer among cryptocurrencies with its price up by 20.52% in the past 24 hours as indicated by CoinMarketCap. Notably, it has maintained this impressive momentum for days; having risen by 118.82% in the past 7 days.

    Bull traders’ optimism has continued to boost the altcoin following Grayscale Investments’ announcement on 7th August. While launching two new investment trusts for Sui (SUI) and Bittensor (TAO) tokens, the firm’s head of product & research, Rayhaneh Sharif-Askary stated, “We are excited to add Bittensor and Sui to our product suite, and believe Bittensor is at the center of the growth of decentralized AI, while Sui is redefining the smart contract blockchain”.

    A look at its daily price chart shows SUI above the 50-day EMA and an RSI of 68. Besides, it has risen past the descending channel; aspects that point to a strong bullish trend. In the short term, it will likely be range-bound between 1.1360 and 0.9710 as bulls gather enough momentum to retest June’s high at 1.1785. On the flipside, a pullback past the aforementioned support level may have it drop to 0.8858 before rallying further.

    Poodlana’s pre-sale is in its last 100-hour leg

    While SUI has been one of the trending cryptos in recent sessions, a greater hype lies in one of the newest projects – Poodlana. Indeed, with all the facts and excitement around it, it may end up being the biggest Solana listing of 2024; possibly even outperfoming Dogecoin.

    With less than 100 hours to go before the presale ends, the project has already raised $6.76 million. In addition to the popularity of meme coins, POODL’s status has largely been boosted by its association with luxury. It is named after the Poodle; a dog breed associated with luxury fashion especially in Asia. Besides, it has packaged itself as The Hermes of Crypto.

    Notably, Poodlana buyers are optimistic that it will continue on an uptrend once it starts trading an hour after the end of its presale. Granted, those buying at its current price of $0.0499 already have gains locked with the next stage price set for $0.0539. This means that with a modest investment of $150, you get 3,006 tokens. In the next 20 hours, that will equate to 2,782 tokens; a significant difference, right? You can learn more about Poodlana token here.

    Bitcoin struggles around $60,000

    While the extreme fear experienced a week ago appears to have eased, the hesitance is still pulpable. As such, Bitcoin is struggling to break past the $60,000 zone in this week’s first trade session.

    On a daily chart, it continues to trade below the 25 and 50-day EMAs. This substantiates last week’s outlook of a dead cat bounce. In the short term, the range between 57,121 and 61,925 is worth watching.

     

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  • Manta Network (MANTA), SUI, and Pullix (PLX) soar as crypto market takes a hit

    Manta Network (MANTA), SUI, and Pullix (PLX) soar as crypto market takes a hit

    • MANTA, SUI, and PLX defy market downturn, showcasing resilience amid Bitcoin’s decline.
    • Manta Network surges on Bithumb listing and successful airdrop, capturing investor interest.
    • Pullix’s PLX presale gains momentum, offering an innovative “Trade-to-Earn” concept.

    In the midst of a crypto market downturn triggered by Bitcoin’s recent price decline, some altcoins are defying the trend and experiencing significant growth. Manta Network (MANTA), Sui (SUI), and Pullix (PLX) have emerged as standout performers, showcasing resilience amid the broader market challenges.

    Read along as we delve into the reasons behind Bitcoin’s slump and explore the notable rises of MANTA, SUI, and the ongoing presale of PLX.

    Bitcoin’s decline and crypto market plunge

    As Bitcoin faces increased volatility, the entire crypto market has witnessed a notable downturn. Bitcoin briefly dropped leading to millions in liquidations. Although BTC price has regained $40,000, the recent decline in Bitcoin’s price, coupled with broader market uncertainties, led to double-digit losses for various altcoins.

    Investors are grappling with the impact of these market movements, which have contributed to a cautious sentiment and a temporary loss of support for many cryptocurrencies.

    Manta Network (MANTA): defying the odds

    Amid the crypto market turmoil, Manta Network (MANTA) stands out with a remarkable surge. Recent positive developments, including a listing on Bithumb and a successful airdrop for early supporters, have contributed to MANTA’s significant price increase. The token has seen a 30% surge in a single day.

    MANTA price chart

    The token’s resilience in the face of market challenges positions it as a noteworthy player in the decentralized finance (DeFi) landscape, garnering attention from investors seeking alternatives. Surprisingly, Manta’s surge comes against the backdrop of a major DDoS attack.

    SUI token: a rising star

    SUI, another altcoin in focus, has experienced notable growth despite the broader market uncertainties. The recent achievement of surpassing Bitcoin in Total Locked Value (TVL) following the approval of a spot Bitcoin ETF has propelled SUI into the spotlight.

    With a surge of over 8% in the last 24 hours and more than 70% in the last 30 days, SUI is capturing the interest of investors looking for promising opportunities beyond the traditional crypto heavyweights.

    SUI price chart

    Pullix (PLX): shaping the future of crypto trading

    Pullix, an innovative player in the crypto space, is currently in its presale stage, challenging the status quo of traditional exchanges. PLX, the native token of the Pullix ecosystem currently in its presale stage, introduces a novel concept of “Trade-to-Earn,” enabling users to earn rewards from the platform’s daily revenues.

    The platform’s hybrid approach, combining the strengths of centralized and decentralized exchanges, aims to address liquidity issues and provide a comprehensive trading experience.

    The PLX presale is gaining momentum and attracting investors in droves. As of the latest update, Pullix has raised $4,364,732, with a remaining supply of 15.1%. In the current presale stage, the PLX token is going for $0.08, with a price increase expected in a couple of days.

    The presale, scheduled to progress through stages, offers users the opportunity to participate in the early growth phases of the platform. With a fixed supply of 200,000,000 PLX tokens and a strategic allocation across presale, rewards, team, exchange listings, and marketing, Pullix aims to create a robust and sustainable ecosystem.

    Conclusion

    In a crypto market characterized by fluctuations, Manta Network (MANTA), SUI, and Pullix (PLX) emerge as notable players exhibiting resilience and growth.

    While Bitcoin’s recent decline has created a challenging environment, these altcoins showcase the dynamism and diversity within the crypto space. As investors navigate uncertainties, the unique features and positive developments surrounding MANTA, SUI, and Pullix contribute to their standing as intriguing options in the evolving landscape of digital assets.

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  • PEPE crashes as SUI pumps 40%; GFOX headed for $5M target

    PEPE crashes as SUI pumps 40%; GFOX headed for $5M target

    2024 began with many speculations about general market performance. While the global crypto market awaited the approval of the SEC on Bitcoin ETF, another central talking point in crypto circles was the rise and fall of memecoins. 

    Top on the list of memecoins that made a wave in 2023 was the $PEPE. However, the coin could not sustain its momentum of interest and price in the months that followed its launch. Another major controversy with the $PEPE was the PEPE coin 2.0. 

    While investors were still trying to wrap their heads around the “imposter” new coin, memecoins like $SUI and $GFOX were announced. Both coins had promising price prospects for early holders, which they have maintained into 2024.

    In this piece, we dissect the highs and lows of Pepecoin, the potentials of the new Pepe coin, and the current interest with $SUI and $GFOX. Take a look.

    Latest on PEPE

    Pepe Coin ($PEPE) is a memecoin built on the Ethereum blockchain that gained popularity after its launch in April 2023. Despite its volatile price, thousands of investors have purchased the coin across major crypto exchanges.

    In August 2023, there were general concerns that an “undefined” amount of $PEPE tokens were inexplicably transferred from the project’s wallet to centralized exchanges. This caused a drop in the coin’s price and acceptance. In September, despite reassurances by the Pepe community about the safety of the remaining tokens, the price continued to decline. In October, a new team of advisors was announced, along with the burning of some tokens, to increase the coin’s scarcity and price.

    Pepecoin appeared to be back on the right track after these major changes until the arrival of Pepe 2.0. The new Pepe coin is rumoured to have been created by blacklisted individuals from the original Pepe Coin project. Unlike the tax-free original, Pepe 2.0 imposes a 1% transaction tax for marketing, liquidity, and community development, which has naturally limited its acceptance, popularity, and price.

    The roadmap of the new Pepe Coin includes vague phases of a coin launch with no plan for community partnerships or listing on Tier 1 exchanges. 

    SUI’s 40% price pump

    SUI token, backed by Mysten Labs, has made remarkable price progress. $SUI now ranks number 13 among all L-1 blockchains in terms of Total Value Locked (TVL), thus generating a lot of hype for its native token, resulting in its recent price surge.

    This isn’t the first time $SUI has made a positive impression in the market. SUI reached its all-time high price on the 2nd of May, 2023, with a 228% increase despite the fluctuations in the macro crypto market.

    As of the time of writing this report, $SUI’s price has dropped slightly in the past 24 hours to the $1.30 level, though it’s still clocked an impressive 55% increase over the past week.

    While these statistics suggest that $SUI is a good investment, it’s important to know that the token has a relatively low market cap, making it highly volatile,  and notoriously poor tokenomics that caused it to crash by 70% upon its retail exchange launch. After this recent recovery, $SUI may be unable to sustain a further price rally due to large stakeholder sell pressure. Hence, investors have been rotating their profits out of $SUI to alternatives like $GFOX that have bigger upside potential and better tokenomics.

    Galaxy Fox (GFOX) presale set to hit $5M

    GFOX is one memecoin to watch out for in 2024. The coin has surpassed investors’ expectations in its presale, with over 95% of the stage 6 supply already sold. The project is on track to exceed $5 million in presale records by the end of January 2024, having already raised close to 50% of its target. With its growing price and low risks, analysts have speculated that $GFOX is the next big coin.

    At the heart of the Galaxy Fox ecosystem lies an engaging play-to-earn game. This enchanting game is designed to entertain and reward players simultaneously, hence its global popularity. Upon its exchange platform listing, the coin is expected to be among the top 3 memescoins. This is also expected to increase $GFOX’s price by 50x its current presale price.

    Final thoughts

    2024 has begun on a good note for crypto investors, with the SEC ruling for the official sale and purchase of Bitcoin ETFs. Now, Investors are more optimistic about market trends and prices.

    While memecoins like PEPE Coin 2.0 may cast a shadow of doubt on the performance of memecoins in 2024; coins like $SUI and $GFOX are proof that good things await early investors. $SUI has seen over a 40% price pump within the last month, and $GFOX is poised to make 50x its current presale price. With $GFOX’s community and current market cap, this is one coin every investor should consider.

    To learn more about $GFOX, you can visit the Galaxy Fox Presale Website or join the Community.

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