- Sui (SUI) has surged 116.2% in three months.
- While Bitcoin Dogs (0DOG) has seen a considerable decline since its public listing, key metrics point to a possible trend reveal.
- Both tokens show growth potential, with SUI’s TVL exceeding $1 billion and rising interest.
Cryptocurrency investors are continuously on the lookout for promising assets that offer significant growth potential and two tokens, Sui (SUI) and Bitcoin Dogs (0DOG), have caught the attention of investors.
Both Sui and Bitcoin Dogs have showcased impressive performance and unique features, making them appealing choices for traders and long-term investors.
Sui price soars by 63% in two weeks amid bullish market sentiment
Sui (SUI) has recently made headlines, witnessing a remarkable price increase of over 116.2% in the past three months, outpacing established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
Currently priced at around $1.77, SUI has demonstrated resilience despite a recent price pullback, suggesting a robust bullish sentiment. Its price has risen by 63.7% over the past two weeks adding to its yearly gains of 277.09%, at press time.
Sui’s TVL recently surpassed the significant milestone of $1 billion, hitting an all-time high of $1.03 billion on September 19. Although the TVL has slightly decreased to approximately $984.85 million according to DefiLlama, this figure still represents a substantial increase from previous metrics, showcasing the growing liquidity and trust in Sui’s decentralized finance (DeFi) ecosystem.
A higher TVL generally indicates greater liquidity, making the protocol more attractive to both investors and developers.
Sui’s trading volume also reflects strong market confidence, with recent spikes reaching over $1 billion, indicating sustained investor interest. The derivatives market mirrors this trend, with volumes reaching $2.49 billion on September 25, a notable 35.57% increase within just 24 hours.
Despite some fluctuations, these figures underscore a high level of participation in the SUI derivatives market, with significant short liquidations suggesting that bearish traders are being squeezed out, paving the way for continued bullish momentum.
In addition to impressive financial metrics, Sui has seen a rise in user engagement, with daily active addresses increasing from 1.24 million to 1.8 million on September 27—a…