The cryptocurrency market is showing signs of renewed momentum as Sui Network’s SUI token rallies after a successful bounce from the 20-day EMA, Bittensor’s TAO climbs on AI potential, and Celestia’s TIA rebounds from recent declines. For investors seeking the best crypto to buy now, new crypto presales like Sponge V2 and eTukTuk offer additional exposure alongside top contenders.
Sui (SUI) has secured its place as a key player in the decentralized finance (DeFi) arena. The Sui network’s total value locked (TVL) has surged past $356 million, marking a dramatic 2,725.4% increase since July 2023. This leap in TVL coincides with a new peak in SUI’s market value, with the token experiencing a 250% price increase over the past three months.
This trend has been observed. Speculation that SUI could climb as high as $2 stems from the DeFi sector’s momentum and SUI’s rapid TVL growth. Despite some price volatility, indicators such as the RSI and MACD signal a continued bullish trend for SUI, with strong support around the $1 mark.
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