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<h4><strong>That was some weekend, huh? Did you see that pump? I know by now you did. Bitcoin hit all-time highs over $81,000. And it wasn’t only Bitcoin although it clearly is the leader. Many alts had a big weekend. Ethereum cracked $3000 for the first time in a long time. Cardano nearly got to 60c. And one of our favorites, Sui, hit a new all-time high.</strong></h4> 
<p>Today, we get into some Sui updates and show you that the price increase is not hype. It’s great fundamentals that are driving Sui’s price movement.</p> 
<h5><strong>More Liquidity = More $$</strong></h5> 
<p>First, let’s look at the Sui chart for the last 7 days. See how great this looks? Just on Friday, it was slightly below $2 and now it’s above $3. A more than 50% move just over the weekend. Here’s the chart of the last 7 days.</p> 
<figure id="attachment_155114" aria-describedby="caption-attachment-155114" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-155114" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_.jpg" alt="" width="1920" height="911" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_.jpg 1920w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_-300x142.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_-1024x486.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_-768x364.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_-1536x729.jpg 1536w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_-885x420.jpg 885w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_-696x330.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/FireShot-Capture-173-Sui-Price_-SUI-Live-Price-Chart-Market-Cap-News-Today-CoinGecko_-www.coingecko.com_-1068x507.jpg 1068w" sizes="(max-width: 1920px) 100vw, 1920px">
 <figcaption id="caption-attachment-155114" class="wp-caption-text">
  Courtesy of CoinGecko
 </figcaption>
</figure> 
<p>Pretty, isn’t it?</p> 
<p>But unlike many projects that pump like this, some great fundamentals are backing this price move.</p> 
<p>The first fundamental is a big deal in terms of liquidity, utility, and growth in DeFi. Here we are talking about USDC issuance.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Today, Sui officially crossed $100,000,000 in native USDC – less than two months since launching! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f576.png" alt="🕶" class="wp-smiley" style="height: 1em; max-height: 1em;"> DeFi on Sui isn’t slowing down!</p> 
 <p>Data from <a href="https://twitter.com/usdc_cool?ref_src=twsrc%5Etfw">@usdc_cool</a> <a href="https://t.co/P3Ou49lmy4">pic.twitter.com/P3Ou49lmy4</a></p> 
 <p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1854691006584639664?ref_src=twsrc%5Etfw">November 8, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>In a very short time, <a href="https://www.altcoinbuzz.io/cryptocurrency-news/sui-to-make-native-usdc-available-through-navi-protocol/" target="_blank" rel="noopener">native USDC on Sui</a> is now over $100 million in issuance. That’s $100 million in exactly 2 months when we reported on native USDC coming to the network. Plus, in further support of DeFi initiatives, there is a <a href="https://www.altcoinbuzz.io/defi/sui-adds-liquid-staking-token-standard/" target="_blank" rel="noopener">new liquid token standard</a> available that all Sui Network tokens can use called SpringSui or $sSUI.</p> 
<p>Another factor for increasing liquidity and better access to $SUI is the news that deposits and withdrawals are now live on Coinbase. This is particularly useful for our American friends.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Deposits and withdrawals of <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> on Sui is live on <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@Coinbase</a>!</p> 
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;">Seamless transactions<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;">Ultra-low fees<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">Blazing-fast speeds</p> 
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e8.png" alt="📨" class="wp-smiley" style="height: 1em; max-height: 1em;">Users can now send USDC to their Sui wallets directly from Coinbase, providing a seamless experience onboarding into the Sui ecosystem. <a href="https://t.co/MwBdKtRLkG">https://t.co/MwBdKtRLkG</a></p> 
 <p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1849504305285656667?ref_src=twsrc%5Etfw">October 24, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>This and the native USDC are very powerful together for ease of use for everyone but especially Americans. To go directly from CB to your Sui Wallet is one of the easiest transactions you can do.</p> 
<h5><strong>Not Just DeFi</strong></h5> 
<p>Other areas of Sui are growing, too. It’s not only DeFi. In the collectible NFT and memorabilia area, the new deal with <a href="https://x.com/SuiNetwork/status/1854531738313310214" target="_blank" rel="noopener">Trace</a> enables fans to capture some of their favorite sports moments and save them as an NFT. All things NFTs are smoother, more efficient, and with more options available since Sui’s programming language, Move, is an object-oriented language, and NFTs themselves are also objects. They work together seamlessly.</p> 
<p>And lastly, a couple of months ago we covered the <a href="https://www.altcoinbuzz.io/cryptocurrency-news/suiplayox1-worlds-first-web3-handheld-gaming-device/" target="_blank" rel="noopener">SuiPlay0X1</a> as the first and best-selling handheld Web3 gaming device. Sui is growing in gaming, too. The MMORPG game Samurai Shodown R is coming to the SuiPlay0X1 as the first non-mobile phone device where you can access the game. Pretty cool stuff for gamers.</p> 
<p>The point of all this is that Sui is hitting on all cylinders. Adoption is through the roof and people are coming for DeFi, games, and even memecoins, which we have coming up in a YouTube Spotlight video later this week. So don’t miss that. Sui may have had a recent price explosion to get to its price of $3.27. But it’s no accident. And it’s not just hype. By every important measure and metric, Sui is growing and becoming a more important part of the industry.</p> 
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<p><iframe title="Crypto Whales are Buying BITCOIN &amp; These 2 Altcoins" width="696" height="392" src="https://www.youtube.com/embed/iq-RyHpV_Ws?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></p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This post is sponsored by Sui.</p> 
<p>Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/product-release/sui-hits-new-all-time-high/">Sui Hits New All Time High</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Sui Hits New All Time High

Altcoin Buzz

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