SUI is once again in the spotlight of the crypto market thanks to increased ecosystem activity and developments in DeFi and GameFi within it.
š¹ Fundamentals
ā¢ Move Language Technology: Brings higher security and efficiency for smart contracts.
ā¢ Growing ecosystem: Increase in the number of dApps, especially in the DeFi and NFT sectors.
ā¢ Staking & liquidity: Staking incentives support many investors choosing to hold.
š¹ Market Analysis
ā¢ SUI's price showed some consolidation after high volatility last week.
ā¢ The nearest support is in a strong psychological area, while resistance is seen at previous levels during the surge in transaction volume.
ā¢ Trading dominance has increased across several CEXs, indicating that capital flows are starting to come back in.
š¹ Sentiment
ā¢ Interest from retail and institutional investors is starting to rise, as seen from the spike in volume in the SUI-based DeFi liquidity pool.
ā¢ Positively, the ecosystem is active in cross-chain collaborations, enhancing long-term prospects.
