Strong Growth of SUI Token in Recent Weeks
#SUI🔥 , the native token of the #SUIBlockchain , known for its secure and scalable platform, has seen a dramatic rise in recent weeks. It has outperformed major cryptocurrencies like NEAR, the token of Near Protocol.
According to CoinMarketCap data, SUI has surged by 112.11% over the past 30 days. In the last 24 hours alone, its price increased by 0.5%, reaching $2.25. The trading volume of the cryptocurrency grew by 1.78% to $1.19 billion, while its market capitalization now stands at an impressive $6.18 billion.
SUI has also gained 17% over the past week, and its strong performance suggests it may rise even further. Currently, it’s just 4.55% below its all-time high of $2.36, which was achieved on October 14, 2024.
The Relative Strength Index (#RSI ) for SUI is at 69.5, indicating that the bulls are in control of the altcoin’s price action and demand for the cryptocurrency is extremely high. The price growth could continue in the short term.
NEAR Lags Behind SUI
On the other hand, #NEAR🚀🚀🚀 has seen only a 13.62% increase over the past 30 days. Its trading volume is significantly lower at $241 million, and its market capitalization is $5.8 billion. Over the past week, NEAR has dropped by 8.35%, with its current price at $4.78, marking a significant decline of 76.31% from its all-time high of $20.42 in January 2022.
The RSI for #NEARToken stands at 50.27, suggesting that bears and bulls are fairly balanced. This indicates that a price breakout in either direction is possible, depending on trading volume, broader market trends, and Bitcoin’s price trajectory.
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
