CandleFocus Sui Hits All-Time High as Backpack Integration Drives $466M DEX Surge
2024-12-13
Author: Content Editor
The price of Sui (SUI) has reached a new all-time high of $4.86, surging over 25% in the last 24 hours and 13% weekly. The rally can be attributed to significant developments within the Sui ecosystem, such as the integration of Backpack's exchange and wallet with the Sui blockchain. Sui's decentralized exchange (DEX) ecosystem has also experienced explosive growth, with record-breaking trading volumes. Strong technical factors, including a breakout from previous all-time highs and bullish indicators, suggest that further price rallies may occur. On-chain activity and open interest in Sui futures have also been increasing, indicating growing user engagement and investor interest in the cryptocurrency.
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