- SUI Price Surge and Future Outlook
- USDC Integration: New Opportunities
- Technical Analysis and Predictions
SUI Network's token has shown significant progress, recently surpassing memecoin PEPE and Monero (XMR) in key indicators.
SUI Price Surge and Future Outlook
Over the past 24 hours, SUI’s price surged by more than 6.5%, from $1.02 to $1.18. The cryptocurrency’s daily trading volume also saw a significant boost, increasing by over 15% to reach $561 million.
USDC Integration: New Opportunities
Circle announced the upcoming integration of USDC into the Sui Network. This news, confirmed by Circle’s CEO Jeremy Allaire, means that USDC will be natively available on Sui via the Cross-Chain Transfer Protocol (CCTP). This expands USDC’s presence to over 15 blockchains.
Technical Analysis and Predictions
According to the price prediction, SUI has broken out of its second broadening wedge pattern in five months. The current price of $1.17 is the highest since April. In the long term, a new peak of $3 is possible if the bullish trend continues.
Bullish sentiments are strengthening, but sharp market changes could lead to a price drop to $0.57.
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