- SUI plunges 33% in a week, but experts believe bulls will take over soon.
- BONK slumps 32% in a week, but analysts foresee a resurgence by month’s end.
- Rebel Satoshi’s $RECQ attracts more investors after surging 85% during its presale.
Top crypto coins like Sui (SUI) and Bonk (BONK) have recorded double-digit losses over the second week of April as the crypto market continues bleeding.
As a result, a growing number of investors are migrating to Rebel Satoshi’s $RECQ token, which has surged 85% so far during its ongoing public presale.
Why is $RECQ outpacing popular cryptos like SUI and BONK? Continue reading to find out.
SUI plummets 33% in a week: will bulls resurface soon?
SUI has performed deplorably over the past seven days. On April 7, SUI was changing hands at around $1.65. After a day of range-bound trading, the token rose slightly on April 8 following the announcement of Suilend completing its beta phase, becoming publicly available. Notably, Suilend hit a $30 million TVL during its beta phase, which started on March 11.
This news saw SUI jump to as high as $1.72 on April 9. However, the excitement about this news cooled off, and the price began correcting downward. By April 14, the token had stabilized at around $1.10.
This price means SUI has shed 33.33% in a week and the subpar performance explains why many investors are abandoning the token.
Still, some experts believe SUI will overcome the current bearish trend and climb to $1.91 by the end of April. This forecast could make SUI a good crypto to buy now. Experts base this prediction on SUI gaining more adoption as more Web3 gamers line up to purchase the SuiPlay0X1 handheld gaming device, which SUI introduced on April 10.
BONK wipes off 32% in a week: will bears persist?
BONK has performed abysmally over the past seven days. On April 7, BONK was hovering around $0.00002317. After a day of sideways trading, BONK gained traction on April 8 after AllDomains announced the number of registered .LetsBONK domain names had exceeded 10,000.
This milestone saw BONK jump as high as $0.00002452 on April 8. BONK held this level for a day before the excitement about AllDomain news faded. Consequently, BONK began retracing its growth. By April 14, BONK had leveled off at around $0.00001561. This price means SUI has plunged 32.63% in a week.
This lackluster performance has left…