Sui Cryptocurrency Surges Over 10% Within 24 Hours
Remarkable Rise in Sui Cryptocurrency Value
Sui's cryptocurrency, represented as SUI, has seen an impressive growth of 10.55% in just 24 hours, bringing its price to $1.15. The coin has surged by over 24% in the last week, increasing from a value of $0.93. Currently, the all-time high for SUI stands at $2.17, indicating a significant potential for investors.
A Breakdown of Trading Volume and Market Supply
In addition to price fluctuations, the trading volume for SUI has experienced a notable increase of 39% over the past week. This uptick in trading activity reflects growing investor interest and engagement in the market. Sui's total circulating supply has also seen a slight increase of 0.07%, totaling over 2.68 billion coins. This circulating supply represents approximately 26.8% of its maximum supply, which is capped at 10 billion.
Market Capitalization and Current Ranking
As of now, Sui holds the #31 position in market capitalization with an impressive valuation of $3.08 billion. This ranking is indicative of its rising status in the cryptocurrency market and highlights its competitiveness among various digital currencies.
Price Movement Insights
When analyzing Sui's price movement, volatility is a crucial factor. The recent price behavior can be monitored using Bollinger Bands, which provide insights into the fluctuation trends. Wider bands indicate higher volatility, allowing traders to gauge potential price movements effectively.
The Future Prospects of Sui
Looking ahead, Sui's growth trajectory seems promising, given the current market conditions. As more investors take an interest in emerging cryptocurrencies, SUI's increasing value reflects both investor confidence and market adoption.
Frequently Asked Questions
What is the current price of Sui cryptocurrency?
As of now, the price of Sui is $1.15.
How much has Sui's price increased in the last week?
Sui's price has increased by over 24% in the past week.
What is Sui's market cap?
Sui has a current market cap of $3.08 billion, ranking #31.
What does an increase in trading volume indicate?
An increase in trading volume often indicates heightened interest and activity among investors.
What factors contribute to the volatility of Sui?
Volatility in Sui's price can be influenced by market sentiment, trading volume, and external market factors.
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