CandleFocus Here’s why ‘Solana killer’ skyrocketed 18% today
2024-09-12
Author: Content Editor
Sui Network (SUI), a cryptocurrency often referred to as the 'Solana killer,' has experienced a significant 18% increase in the past 24 hours, grabbing the attention of crypto traders. The rise in SUI's market capitalization has led to curiosity about its performance and what factors have contributed to its gains. One potential reason for the rise is the announcement by Grayscale that it has opened its crypto investment trust, Sui Trust, to accredited investors, providing exposure to SUI. Additionally, the Sui ecosystem has seen updates such as the upcoming launch of SuiPlay, a Web3-native handheld gaming device, and the recent Mysticeti upgrade, which has improved blockchain performance. While the future of SUI's price is uncertain in the volatile crypto market, conducting thorough research and assessing risks is crucial for investors.
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