Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    SEC adia decisões sobre ETFs de criptomoedas da BlackRock e Franklin Templeton
    NewsCrypto

    SEC adia decisões sobre ETFs de criptomoedas da BlackRock e Franklin Templeton

    A Comissão de Valores Mobiliários dos Estados Unidos (SEC) adiou as suas…

    By
    Maxwell Mutuma
    September 11, 2025
    BlackRock and Franklin Templeton ETF Decisions Pushed Back: SEC Plays for Time Again
    NewsCryptoMarket
    BlackRock and Franklin Templeton ETF Decisions Pushed Back: SEC Plays for Time Again
    September 11, 2025
    O recorde histórico de US$ 907 da BNB coloca a tokenização em destaque: US$ 1.000 a seguir?
    CryptoMarketNews
    O recorde histórico de US$ 907 da BNB coloca a tokenização em destaque: US$ 1.000 a seguir?
    September 11, 2025
    BNB’s $907 All-Time High Puts Tokenization in Spotlight: $1,000 Next?
    NewsCryptoMarket
    BNB’s $907 All-Time High Puts Tokenization in Spotlight: $1,000 Next?
    September 11, 2025
    «Maré alta» para Solana: Leah Wald prevê que as empresas de tesouraria aproveitem a onda dos ETFs
    NewsCryptoMarket
    «Maré alta» para Solana: Leah Wald prevê que as empresas de tesouraria aproveitem a onda dos ETFs
    September 11, 2025
  • Cryptocurrency
    SEC adia decisões sobre ETFs de criptomoedas da BlackRock e Franklin Templeton
    SEC adia decisões sobre ETFs de criptomoedas da BlackRock e Franklin Templeton
    8 Min Read
    BlackRock and Franklin Templeton ETF Decisions Pushed Back: SEC Plays for Time Again
    BlackRock and Franklin Templeton ETF Decisions Pushed Back: SEC Plays for Time Again
    8 Min Read
    O recorde histórico de US$ 907 da BNB coloca a tokenização em destaque: US$ 1.000 a seguir?
    O recorde histórico de US$ 907 da BNB coloca a tokenização em destaque: US$ 1.000 a seguir?
    8 Min Read
    BNB’s $907 All-Time High Puts Tokenization in Spotlight: $1,000 Next?
    BNB’s $907 All-Time High Puts Tokenization in Spotlight: $1,000 Next?
    6 Min Read
    «Maré alta» para Solana: Leah Wald prevê que as empresas de tesouraria aproveitem a onda dos ETFs
    «Maré alta» para Solana: Leah Wald prevê que as empresas de tesouraria aproveitem a onda dos ETFs
    8 Min Read
    Ethena’s USDe
    Ethena’s USDe Hits $13B Milestone, Overtaking Rivals in Stablecoin Race
    5 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Sui Price Skyrockets 83%: Exploring the $2.4B Crypto Boom
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Sui Price Skyrockets 83%: Exploring the $2.4B Crypto Boom
News

Sui Price Skyrockets 83%: Exploring the $2.4B Crypto Boom

Sui Price Skyrockets 83%: Exploring the $2.4B Crypto Boom
Sui Price Skyrockets 83%: Exploring the $2.4B Crypto Boom
Alessia Moretti
Last updated: August 14, 2024 6:05 am
By
Alessia Moretti
Published August 14, 2024
5 Min Read
Share

According to news sources, Sui has reported a remarkable bullish run, outshining all other bodies in the crypto arena. This surge is quite notable when the rest of the crypto landscape undergoes a downturn. Experts have linked this hike to some particular events and market conditions. Enthusiasts are now driven to the currency as they believe it has untapped potential. Traders are now observing the coin for price correction.

Contents
Why did the Sui Price Surge?Sui Price PerformanceSui’s Market Capitalization and Trading VolumeTakeaway

Why did the Sui Price Surge?

Sui price jump can be attributed to several note-worthy events in the crypto arena. On August 7, the Grayscale investment trust launched for Sui, massively increasing investor inclination towards Sui. This development, along with a resurgence in the market, added to Sui’s bullish turn. The cryptocurrency market across the world underwent sizeable growth, moving from a reported $1.9 trillion to $2.07 trillion on August 6, giving an additional boost to Sui’s growth, according to news sources. This growth in market capitalization was triggered by enhanced investor interest and a new vigour to rake risk, demonstrating the positivity in the crypto arena generally. Events like this have pushed the sui price to a higher level among other assets.

Sui price
Sui price

News sources report that market intelligence from Santiment offers valuable information about the ongoing sui price. In the past 24 hours, the total open interest of Sui has moved down from an alleged $360 million to $341 million. This downturn in open interest came after huge liquidations making $4.25 million which shows a mega shift in investor confidence and market positioning. 

Additionally, funding rates for Sui have also plunged, with aggregated rates plummeting to negative 0.0048%, as reported. This negative funding rate shows a market where short-position holders are more than the long-position holders, indicating a persistent bearish sentiment among traders.

Sui Price Performance

In the last week, Sui price jumped exponentially by 83%, moving from $0.50 on August 5 to a two-month high of $0.95, according to today’s sources. This appreciable growth includes a 5.8% rise in the past day, with Sui trading at $0.94 at the time of writing. Sui is, at the moment, the only digital asset out of the top 100 cryptocurrencies that have shown bullish gains in the last 24 hours. This reflects how Sui stands different from others. 

Sui’s Market Capitalization and Trading Volume

The jump in Sui price has affected market capitalization and trading volume massively. Its market cap has gone over the $2.4 billion milestone, reportedly making Sui the 30th-largest crypto asset. The daily trading volume for Sui has also been significant, touching more than $400 million. These numbers show the increasing investor inclination within the crypto community.  

This surge in market capitalization and trading volume shows a strong demand. This level of hike in market capitalization heralds Sui’s augmented integrity and potential as a stable investment pick. The enhanced trading volume indicates active participation from traders, adding to the asset’s liquidity and market resilience. As Sui makes its way to gain the attention of investors and market enthusiasts, its path will be a crucial metric to monitor for potential strategic investment options in the ever-changing crypto playground.

Sui price
Sui price

Takeaway

To conclude, Sui’s current bullish momentum can be traced back to the launch of the Grayscale investment trust and the optimistic conditions of the global cryptocurrency market. However, the data from the market signals a tip of the scales towards a more bearish sentiment among traders, with the users anticipating a potential price correction. As the cryptocurrency market marches ahead, Sui’s performance will be closely observed by investors and analysts. Comprehending these market dynamics will be integral for those looking to capitalize on the potential risks and opportunities offered by the ups and downs of Sui price.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Trump–Xi Phone Call Eases Trade War Tensions: Crypto Market Watches Closely

U.S. CPI Drops to 2.5% in August: What Does This Mean for Bitcoin and Crypto Markets?

SEC Meets Michael Saylor: Could a New Crypto Regulatory Framework Redefine Digital Finance?

Arctic Pablo Coin Presale Explodes – Best New Meme Coin To Buy for 2025 With 11,844% ROI Potential! TST & SPX6900 Updates Inside!

Baby Doge Adds 12% Weekly Gains, Bonk Surges in Volume, and MoonBull Secures Its Place as the Best Crypto to Watch in 2025

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article Expect Bitcoin ETF Options to Launch Before 2025 Expect Bitcoin ETF Options to Launch Before 2025
Next Article Polymarket and Perplexity Forge Data-Driven Partnership for Enhanced User Experience Polymarket and Perplexity Forge Data-Driven Partnership for Enhanced User Experience
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English