SUI Worth Surges 70% in a Week, Fuels Hypothesis of a Transfer In direction of $10

• SUI has surged a considerable 70% up to now seven days.
• The TVL of Sui Community has risen to $1.383 billion as effectively.
• SUI RSI reads a worth of 78, confirming that the altcoin is overbought.

SUI, the native token of layer-1 blockchain Sui Community, has surged 70% up to now week and continues to succeed in new highs, outperforming most altcoins in current months. At present the 14th-largest cryptocurrency by market capitalization, SUI has turn into a profitable funding.

Based on the information from CoinMarketCap, SUI is buying and selling at $3.15, up 9.87% up to now 24 hours and 56.35% up to now 30 days. The altcoin has surged a large 441.76% since November 2023 whereas its market cap rose from $584 million to $8.96 billion on the time of publication, showcasing potential for immense development. 

Round one hour in the past, SUI made a brand new all-time excessive at $3.28 and is at the moment buying and selling at a reduction of three.54% from it. The blockchain protocol’s complete worth locked (TVL) has additionally been on the rise, based on DefiLlama knowledge. The worth of SUI’s TVL rose from $133 million on November 11 final yr to $1.383 billion on the time of writing. 

In the meantime, Scallop (SCA), a lending protocol…

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