The altcoin market shows mixed signals. Sui (SUI) demonstrates significant growth, while XRP holds support but lacks momentum. Dragoin stands out with its active product.
SUI's Rapid Growth and Technical Levels
Sui (SUI) has quickly established itself as a busy blockchain network, processing over 501 million transactions this year, surpassing both Ethereum and Bitcoin. Its use of smart contracts and DeFi ecosystem has attracted developers and liquidity, pushing open interest above $318 million.
From a technical perspective, SUI hovers just below the $2.1707 resistance, with expectations for a break towards $2.20 despite mixed signals from indicators like MACD and RSI.
XRP: Maintaining Support Levels
XRP continues to hold above the $2.00 mark, though it shows limited signs of breaking higher. On the USDT pair, its price hovers around the 200-day moving average while facing resistance in the $2.40–$2.60 range.
Indicators like RSI are near the neutral level and low trading volumes suggest traders are awaiting further direction. Additionally, XRP shows a declining trend against BTC, indicating a need for upward momentum to open up opportunities.
Dragoin: Innovations and Progress
While SUI and XRP exhibit notable activity, Dragoin stands out with its real achievements. Its Telegram-based game is currently live in beta, allowing user interaction prior to the official token launch. A clear roadmap and audited smart contracts enhance the project's transparency and reliability.
Dragoin plans several phases, including presale and user base growth in Q2 2025, followed by MVP rollout and exchange listings. By late 2025, the project aims to launch its SDK and make the platform available on mobile and web.
SUI rapidly gains usage, XRP maintains its position, but Dragoin actively develops and provides working solutions even before its official launch. These factors make the altcoin market intriguing to observe.
