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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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  • SUI price dips below $1, BTC and ETH struggle amid sell-off

    SUI price dips below $1, BTC and ETH struggle amid sell-off

    • Sui (SUI) fell below $1, while Bitcoin and Ethereum dropped below key levels at $26,500 and $1,800 respectively.
    • Altcoins were selling off on Wednesday as the global cryptocurrency market cap dropped to $1.15 trillion, down 2.6% at the time of writing.
    • A confluence of headwinds, including the uncertainty around the US debt ceiling talks and possible default were likely triggers.

    The price of Sui (SUI) fell below $1 on Wednesday as the broader cryptocurrency market continued to sell-off after recent declines catalysed by macroeconomic news events.

    At the time of writing, SUI traded at $0.97, about 7.6% down in the past 24 hours and -16% over the past seven days. The token’s daily trading volume was just over $235 million, up 115% from a day earlier as selling pressure mounted.

    Today’s declines for Sui sees its price below the dollar for the first time since its token launch for trading on exchanges. On 3 May 2023, SUI reached its all-time high price of $2.16. At the current value, its down nearly 55%.

    Crypto market shrinks 2.6% as BTC, ETH and altcoins struggle

    As SUI fell to its lowest price level so far, the sentiment around crypto did not help the global cryptocurrency market cap. According to data from market data aggregator CoinGecko, the total crypto market cap was down 2.6% in the past 24 hours at the time of writing, hovering around $1.15 trillion.

    Crypto markets were also down as Bitcoin (BTC) price retreated towards $26k amid continuing uncertainty in the financial market. The benchmark cryptocurrency’s market cap was $508 billion, down 3.7% from a day earlier.

    Ethereum also struggled to maintain recent upside momentum, with ETH price trading at $1,789 and about 3.3% down in the past 24 hours.

    ETH and BTC both hit year-to-date highs above the psychological levels of $2,000 and $30,000 respectively. However, a confluence of headwinds, including regulatory uncertainty have catalysed declines that threaten further rot to critical support zones.

    At the moment, another downward trigger is the uncertainty around the US debt ceiling talks and possible default. Stocks were down on Wednesday as a result of investor jitters.

    All the top 10 altcoins were also down, including XRP and Litecoin that have had some upside in recent weeks. Crypto analysts say further declines could spell danger for the market. Michael van de Poppe shared such an outlook.

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