The Sui price surged 2% in the last 24 hours <a href="https://www.geckoterminal.com/sui-network/pools/0xcf994611fd4c48e277ce3ffd4d4364c914af2c3cbb05f7bf6facd371de688630" rel="noopener noreferrer nofollow">to trade at $0.9081</a> as of 03:33 a.m. EST on trading volume that climbed 25% to $468 million.
SUI has been on a tear in the last week, soaring 75% throughout the past 7 days, after Grayscale announced on Wednesday the launch of two new crypto investment funds for <a href="https://insidebitcoins.com/news/bittensor-price-prediction-tao-is-biggest-loser-in-crypto-crash-with-23-plunges-as-investors-fomo-buy-this-ai-meme-coin-with-just-hours-left" rel="noopener noreferrer nofollow">Bittensor</a> (TAO) and Sui (SUI) tokens.
<h2 id="sui-price-to-continue-soaring">Sui Price To Continue Soaring</h2>
The Sui Price has been on a sustained surge in the last week, soaring through a markup phase to the $0.9371 resistance zone, data from <a href="https://www.geckoterminal.com/sui-network/pools/0xcf994611fd4c48e277ce3ffd4d4364c914af2c3cbb05f7bf6facd371de688630" rel="noopener noreferrer nofollow">GeckoTerminal</a> shows.
SUI has since been fluctuating within this range, forming a bullish flag pattern as the bulls aim to sustain the bullish rally over the upper boundary.
The price of <a href="https://insidebitcoins.com/news/sui-price-prediction-sui-surges-31-as-this-p2e-doge-rockets-past-6-million" rel="noopener noreferrer nofollow">Sui</a> now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that the token is on an uptrend.
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level, currently at 64, a sign of growing interest from investors.
If the buying continues, the price of Sui could eventually soar over the bullish flag, as the bulls target prices above $1.05.
<figure id="attachment_563641" aria-describedby="caption-attachment-563641" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-563641 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/08/Cetus-_GeckoTerminal.com_SUI_2024-08-12_10-33-31.png" alt="SUI Price Chart Analysis Source: GeckoTerminal.com" width="1255" height="473" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/Cetus-_GeckoTerminal.com_SUI_2024-08-12_10-33-31.png 1255w, https://insidebitcoins.com/wp-content/uploads/2024/08/Cetus-_GeckoTerminal.com_SUI_2024-08-12_10-33-31-300x113.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Cetus-_GeckoTerminal.com_SUI_2024-08-12_10-33-31-1024x386.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/Cetus-_GeckoTerminal.com_SUI_2024-08-12_10-33-31-768x289.png 768w" sizes="(max-width: 1255px) 100vw, 1255px">
 <figcaption id="caption-attachment-563641" class="wp-caption-text">
 SUI Price Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
In an inverse scenario, the bears could capitalize on the price now being overvalued, which could present a sell signal. This could drive the price of SUI to the immediate support level at $0.7622, which coincides with the 200-day SMA.
As the SUI price soars, investors are rushing to buy the new PEPE alternative, <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, as it raises over $8.2 million through its ongoing presale.
<h2 id="pepe-unchained-presale-blasts-past-8-2-million-shows-no-signs-of-slowing-down">Pepe Unchained Presale Blasts Past $8.2 Million, Shows No Signs Of Slowing Down</h2>
Pepe Unchained aims to follow in the footsteps of PEPE, which continues to rule the charts.&nbsp;
However, PEPE is built on the Ethereum blockchain, which is mostly handicapped by network delays and rising gas fees.
Pepe Unchained (PEPU) stands out from other meme coins by introducing its native layer-2 chain on top of the Ethereum network. This move not only liberates them meme coin from Ethereum’s limitations, but also brings unprecedented speed, scalability, and significantly lower fees.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Who needs some Brain Powder?
 Pepe is gearing up for the official launch of his very own blockchain! 🚀 <a href="https://t.co/kZC72UmxFy" rel="noopener noreferrer nofollow">pic.twitter.com/kZC72UmxFy</a>
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1803856656704618843?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Hence, investors are now drawn to $PEPU for two main reasons: it’s the first layer-2 meme coin on Ethereum, and the fact that this layer-2 will make owning PEPE cheaper and faster.
Token holders can also earn passively through the platform’s staking program, which offers an annual percentage yield (APY) of 235%.
99Bitcoins, a prominent crypto channel on YouTube, has reviewed the token and says $PEPU is one of the best cryptos to buy now. It adds that it could potentially soar to 100X after its launch.
<iframe title="Next 3 100X Potential Crypto to Buy Now?! (BIG POTENTIAL!)" width="640" height="360" src="https://www.youtube.com/embed/nY8nlmVJiww?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
You can buy $PEPU tokens for $0.0090178 each. With a price hike coming in less than a day, buy soon to lock in the best deal.
<a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Purchase $PEPU from the official website here using ETH, USDT, or a bank card.</a>
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/" rel="noopener noreferrer nofollow">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities! 🚀💰</a></li>
 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie" rel="noopener noreferrer nofollow">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-apps/" rel="noopener noreferrer nofollow">Best Crypto Apps – Top 7 Crypto Trading App Platforms</a></li>
</ul>

Sui Price Prediction: SUI Surges 75% In A Week As Investors Rush To Buy This 2.0 PEPE For Exponential Gains

Table of Contents

Inside Bitcoins

Other articles published on Aug 12, 2024

Canto Blockchain Faces Major Outage

Ronin Network Halts Operations After Whitehat Suspected $11.3M Exploit

Memecoins Recovering: Here’s What’s Next for DOGE, SHIB, PEPE, WIF, and BONK Prices

Trump-Themed Token Plummets 95% After False Rumors of Endorsement

Crypto VC funding hits $2.7b despite 12.5% drop in deal volume

What's Going On With Bitcoin Mining Stock Marathon Digital Monday?

Join our free newsletter for daily crypto updates!