#SUINetwork It rose 13% today, and the weekly amplitude reached 28%. According to the technical level of the disk, the daily MACD was in the oversold zone and reversed. After falling to the bottom of $0.5063, there was an increase in buy orders. If there is no downward trend in the general trend in the future, a bottoming market may appear.

Recently, there may be more IDO activities in the SUI ecological community. Currently, there seem to be several projects and official promotions that are very active, which may play an effective role in the rise of SUI tokens.

And as for the SUI staking method, X is also vigorously supporting the SUI ecosystem and conducting in-depth liquidity pool staking cooperation.

Recently, SUI officials have been quite active, not only in the ecosystem but also in the token benefits of $SUI :

  • Recently, SUI has opened a channel for earning coins in a certain X Web3 wallet and obtained rewards based on the POS (Proof of Stake) mechanism, providing a more decentralized, holding, and staking user range in a wider market, greatly increasing the liquidity of SUI.

  • Subsequently, SUI officials provided more than 900,000 US dollars in donation rewards to 11 projects to attract entrepreneurs to build an ecosystem, provide a better environment to accelerate the construction of infrastructure for the ecosystem, and obtain more pledge liquidity in this way.

  • SUI has released standards for NFTs, giving them unique properties, which involve flexibility, composability, and tradability. It can be not just a digital record pointing to an image, but also the image itself. It can be a prop in a game, and its attack and other properties can be seen, and its properties can be modified.

Personally, I think SUI can chase the rise. The technical trend has also shown a large trading volume and turnover in the recent period, indicating that institutions, retail investors and communities have begun to pay attention and started to trade in large quantities.

Secondly, a series of scandals involving SUI officials gradually faded, and eventually the possibility of the project's own value returned. After all, the financing was still very large, and the distorted views faded within a week or two afterwards.

The current official price is $0.75, and it is likely to return to $1 in late June.