SUI Leads Crypto Market With 78% Weekly Uptick: Here’s Why

Quick Summary:

PolitiFi Token RTR Plummets 95% After Trump Family Denies Link The aforementioned Raoul Pal, founder/CEO of Global Macro Investor and RealVision and member of the advisory board of the Sui Foundation, recently praised SUI as a “groundbreaking ultra-fast L1, super efficient, full blockchain ecosystem” developed from the remnants of Meta’s Diem project, aimed at scaling to accommodate billions of users transitioning from Web2 to Web3 technologies.

Kang suggested that the bullish trend could be attributed to several factors including a notable endorsement from influential figures, substantial over-the-counter (OTC) bids, robust holdership even after significant token unlocks, and a recent technical upgrade that could pave the way for innovative applications on the SUI platform.

Related Reading: SUI Explodes 30% After Crypto Market Shows Signs Of Life "No knowledge of anything actually happening but combination of the below leading me to bet that there’s some interesting developments upcoming for SUI,” Kang posted.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: SUIUSD SUI price SUI price analysis Crypto news SUI Blockchain Crypto SUI Cryptocurrency Market News SUIUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 08:20:34 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 60 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22028757

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