Sui Price Prediction: SUI Soars 11% As TVL Surpasses $900M, But Analysts Say Buy This New Crypto For The Next Bull Run
The Sui price has surged 11% in the last 24 hours to trade at $1.58 as of 3:25 a.m. EST on a 135% pump in trading volume to $1.11 billion.
The price increase coincides with growing demand for the Sui Network, a Layer-1 blockchain often referred to as a ”Solana-killer” within the decentralized finance (DeFi) market.
Over the past month, the Sui Network has seen a resurgence in network activity due to the increasing DeFi interest on the platform.
According to official reports, the blockchain has reached a significant milestone, surpassing $900 million in total value locked (TVL), earning it the 8th spot among all blockchain networks.
Sui Price Spikes Above Bearish Channel
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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