#Write2earn #SUI Network Surpasses 1 Million Wallet Milestone, Fueling 10% Price Surge #SUIš„ $SUI #altcoins
The SUI price surged over 10%, fueled by the Sui Network surpassing 1 million new daily active wallets amid positive market sentiment. As a layer 1 blockchain, the Sui Network achieved this milestone, triggering a 10% price jump for SUI within 24 hours. This uptick reflects bullish market activity and increasing adoption.
SUI's Bullish Momentum
Currently trading at $1.12, SUI boasts a market capitalization of $2.63 billion, with daily trading volumes exceeding $165 million. A remarkable 43.4% surge in trading volumes contributed to significant gains. Social media buzz anticipates hitting the $2 mark, driven by previous highs of $2.18 on March 27. Despite a 48.83% decline from its peak, SUI bulls anticipate a positive trend continuation, given consistent flows over the last six months.
Outpacing the Market
The Sui Network's daily gains and network activity outshine major blockchains and utility tokens. While the overall crypto market saw marginal gains, assets like Bitcoin and Ethereum increased by 0.7% and 1.3%, respectively. Solana experienced a 6.3% influx, trading at $178. However, Solana's flows still trail behind the Sui network, which witnessed a surge in user wallets.
