With WisdomTree CEO, Jonathan Steinberg, saying that crypto will continue to be mainstream in the coming years in an interview with CNBC last month, these new institutional investment products will leverage the growing and solidifying interest in crypto and blockchain tech. With an increase in trade volume interpreted as an increase in both retail and institutional interest in crypto, SUI might have a great second half of the year to boot. Choppy Trading Days Ahead, But Not Enough To Stop SUI SUI bulls are currently trying to settle above the $0.8357 ceiling to flip it to become a support platform.
SUI is one of those tokens, gaining almost 31% in the past 24 hours as major cryptocurrencies like Bitcoin and Ethereum returned to pre-correction levels. Related Reading: Dogecoin Price Looking Stronger – Expect Massive Gains’, Analyst Predicts As the market continues to rally, SUI might continue to capture the broader momentum, keeping the bears at bay.
However, the high volatility in the market might also help the bears in the long run. Related Reading: Polkadot Developments Show Strength, Despite Coin’s 18% Loss SUI: Crypto In Bearish Mode The current price of SUI is in historically bearish territory, with bulls struggling to make headway since the price retreat between May and June.
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