CandleFocus Sui Network Outage Impacts SUI Price: What Investors Need to Know
2024-11-26
Author: Content Editor
The Sui Network, a Layer 1 blockchain known for scalability, experienced a halt in blockchain generation for two and a half hours, causing a significant price crash for its altcoin. The halt was due to issues with an upgrade to the network's congestion control system, but the development team quickly released updates to address the problem. Despite the halt, the altcoin remains in demand and the development team's quick fix has reassured investors. The altcoin has seen mixed performance in the past 24 hours and the last seven days, but has surged significantly in the past month and since November 2023. The Relative Strength Index suggests a slight price increase in the near future.
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