No spec sheet has been released yet, but the console will be available in 2025. In the realm of NFTs, the platform has been chosen by Artifi, an art investment company, which is "to turn high-end art into another asset class that’s accessible to the masses.” Ready / Sui // Play ➡️ 😎”A gaming revolution” Pre-orders for the #SuiPlay0X1 coming 👀very 👀 soon.👀 pic.twitter.com/LLIhTumWa6 — SuiPlay (@SuiPlayOfficial) August 29, 2024 The resurgence of NFTs on Sui came despite the asset class being under the scrutiny of the Securities and Exchange Commission (SEC) which alleged that NFTs are securities and is willing to bring the regulatory hammer down on Opensea.
SUI is currently trading right between the $0.71-$0.79 trading range which lies well on the 61.80% level of the Fibonacci retracement tool, marking the significance of the range when it comes to the long-term performance of the token. Related Reading: TIA Down 23% In A Week, As Investors Eye New On-Chain Projects The token’s relative strength index (RSI) still signals that the bears overwhelm the market.
However, SUI’s return to this level remains a bullish signal as the 61.80% level will provide the bulls with a strong support level to aid future price movement. SUI’s strong correlation with major cryptocurrencies like Bitcoin and Ethereum will give the token the momentum it needs to recover in the medium term; that is if market sentiment flips to bullish within this timeframe.
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