- SUI Token Price Increase
- Role of Circle and USDC in Sui Network Development
- Future Predictions for SUI
The SUI token of Sui Network demonstrates significant growth amid the integration of USDC support.
SUI Token Price Increase
The SUI token of Sui Network has experienced a 6.5% price increase in the last 24 hours, surpassing memecoin PEPE and Monero in critical metrics such as market capitalization, trading activity, and volume-to-market cap ratio. The daily trading volume of the cryptocurrency rose by more than 15%, reaching $561 million.
Role of Circle and USDC in Sui Network Development
The price increase of SUI is attributed to a significant event involving Circle, the entity responsible for USDC. USDC is set to be included in the Sui Network, enabling native support through the Cross-Chain Transfer Protocol (CCTP). This mechanism ensures frictionless transfers across various blockchain ecosystems.
Future Predictions for SUI
SUI price prediction indicates that the cryptocurrency has emerged from its second expanding wedge pattern over five months, elevating the price to $1.18 with heightened trading activity. SUI is currently trading at $1.17, marking its peak since April.
Amid the news of integrating USDC within the Sui Network, the SUI token shows significant growth in value and trading activity. These factors may strongly influence the future development and predicted success of the cryptocurrency.
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