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SUI the ‘Solana Killer’ set for another explosive rally?
#SUI Network is predicted to kill Solana’s Layer 1 dominance after upgrading its transaction speed to 100K TPS.
SUI vs SOL chart comparison
SUI’s price action chart resembles Solana’s early days in the crypto markets space.
Solana [SOL] price initially dropped by 80% before skyrocketing by 2500%, a similar pattern has occurred on SUI but the target is overly achievable by the new blockchain entrant.
Why SUI is the “Solana Killer”
SUI is being called the “Solana Killer” as it aims to rival Sola
SUI vs SOL chart comparison
SUI’s price action chart resembles Solana’s early days in the crypto markets space.
Solana [SOL] price initially dropped by 80% before skyrocketing by 2500%, a similar pattern has occurred on SUI but the target is overly achievable by the new blockchain entrant.
Why SUI is the “Solana Killer”
SUI is being called the “Solana Killer” as it aims to rival Sola
SUI Open Interest Explodes 92%, Pump Incoming?
#SUI price analysis
As of writing, SUI is trading near $0.86 and has experienced a significant 32% price surge in the last 24 hours. Additionally, SUI’s trading volume has also skyrocketed by 73% during the same period. This notable increase in trading volume suggests higher participation from investors in the last 24 hours.
$SUI
#SUI open interest soars to 92%
Additionally, SUI’s open interest has also exploded. According to an on-chain analytic firm CoinGlass, its open interes
As of writing, SUI is trading near $0.86 and has experienced a significant 32% price surge in the last 24 hours. Additionally, SUI’s trading volume has also skyrocketed by 73% during the same period. This notable increase in trading volume suggests higher participation from investors in the last 24 hours.
$SUI
#SUI open interest soars to 92%
Additionally, SUI’s open interest has also exploded. According to an on-chain analytic firm CoinGlass, its open interes
Can SUI price reach a new all-time high?
#SUI has been making headlines with its recent price movements, sparking excitement among investors and traders. The big question on everyone's mind is whether SUI can break its previous records and reach a new all-time high. In this article, we'll explore the key factors driving SUI price prediction and what to watch out for in the coming days.
$SUI
Sui Crypto reached its all-time high of $2.18 on March 27, 2024, while its all-time low was $0.363977, recorded on October 19, 202
$SUI
Sui Crypto reached its all-time high of $2.18 on March 27, 2024, while its all-time low was $0.363977, recorded on October 19, 202
Stop selling your #Bitcoin for just $60K
Average bitcoin $BTC price 2020-2024 halving cycle was 34k.
A bit below 2019 S2F prediction of 55k, but still in normal range and not bad given #BTC<4k when prediction was made.
S2F refit with new data since 2019 shows similar parameters & results: ave 0.5m 2024-2028 and 4m 2028-2032
When bull and bear markets occur: bull around halvings (from ~6 month before until ~18 months after H) and bear between H. This is what S2F adds on top of NgU of time based models (like "power law").
$BTC
{spot}
A bit below 2019 S2F prediction of 55k, but still in normal range and not bad given #BTC<4k when prediction was made.
S2F refit with new data since 2019 shows similar parameters & results: ave 0.5m 2024-2028 and 4m 2028-2032
When bull and bear markets occur: bull around halvings (from ~6 month before until ~18 months after H) and bear between H. This is what S2F adds on top of NgU of time based models (like "power law").
$BTC
{spot}
#Ethereum accumulation is on the rise!
After recent lows, addresses holding 10-10K $ETH and 10K-100K #ETH have added a total of 757K $ETH.
After recent lows, addresses holding 10-10K $ETH and 10K-100K #ETH have added a total of 757K $ETH.
The Potential Surge of FXS Token: Why It Could Reach $5,000
#FXS
$FXS
In the rapidly evolving world of cryptocurrency, certain tokens are drawing significant attention due to their unique attributes and growth potential. One such token is the Frax Share (FXS), which has generated considerable interest among investors and analysts. With its strong project fundamentals and a capped supply of 100 million tokens, FXS has the potential to reach a price point of $5,000. Here’s a deeper look into why this might be the case.
Project Fundamental
$FXS
In the rapidly evolving world of cryptocurrency, certain tokens are drawing significant attention due to their unique attributes and growth potential. One such token is the Frax Share (FXS), which has generated considerable interest among investors and analysts. With its strong project fundamentals and a capped supply of 100 million tokens, FXS has the potential to reach a price point of $5,000. Here’s a deeper look into why this might be the case.
Project Fundamental
☢️Shitcoins: How They Work, Why They Scam, and Why You Should Avoid Them.
Shitcoins are terms used to describe cryptocurrencies that lack significant value or functionality and are often used for quick financial gains from unsuspecting investors.
How Money is Made with ShitcoinsLaunching New Tokens:
Some individuals create new cryptocurrencies to quickly raise funds. These are often simpler projects with no significant innovation or technological advancement.
Promotion and Marketing:
Shitcoins are aggressively marketed, often using social media, forums, and influencers with large followings. The goal is to attract investors who will buy the tokens at higher prices.Pump and Dump: This technique involves artificially inflating the value of a shitcoin by purchasing large amounts, then selling off the token once the price has risen. Investors who buy at high prices end up with substantial losses.Speculation and Hype: When a cryptocurrency gains media attention or endorsement from influencers, its price can spike rapidly. However, this often leads to a sharp price drop afterward.
How Investors Get ScammedLow Liquidity:
Shitcoins often lack sufficient trading activity, making it difficult to sell without a significant loss in value.Lack of Transparency: The creators of shitcoins usually provide limited information about the project or their team, making it hard to assess their legitimacy.Poor Regulation: Many shitcoins are not registered or regulated by relevant financial authorities, increasing investment risks.Planned Manipulation: Sometimes, shitcoin creators manipulate prices to profit from naive investors.
Why They Should Be AvoidedHigh Risk:
Investing in shitcoins carries high risk and can lead to significant financial losses.Lack of Long-Term Value: Shitcoins often lack long-term value or development and may become completely worthless.Lack of Support and Innovation: Many shitcoins have no backing from development teams or new innovations, making them unattractive for long-term .
Shitcoins are terms used to describe cryptocurrencies that lack significant value or functionality and are often used for quick financial gains from unsuspecting investors.
How Money is Made with ShitcoinsLaunching New Tokens:
Some individuals create new cryptocurrencies to quickly raise funds. These are often simpler projects with no significant innovation or technological advancement.
Promotion and Marketing:
Shitcoins are aggressively marketed, often using social media, forums, and influencers with large followings. The goal is to attract investors who will buy the tokens at higher prices.Pump and Dump: This technique involves artificially inflating the value of a shitcoin by purchasing large amounts, then selling off the token once the price has risen. Investors who buy at high prices end up with substantial losses.Speculation and Hype: When a cryptocurrency gains media attention or endorsement from influencers, its price can spike rapidly. However, this often leads to a sharp price drop afterward.
How Investors Get ScammedLow Liquidity:
Shitcoins often lack sufficient trading activity, making it difficult to sell without a significant loss in value.Lack of Transparency: The creators of shitcoins usually provide limited information about the project or their team, making it hard to assess their legitimacy.Poor Regulation: Many shitcoins are not registered or regulated by relevant financial authorities, increasing investment risks.Planned Manipulation: Sometimes, shitcoin creators manipulate prices to profit from naive investors.
Why They Should Be AvoidedHigh Risk:
Investing in shitcoins carries high risk and can lead to significant financial losses.Lack of Long-Term Value: Shitcoins often lack long-term value or development and may become completely worthless.Lack of Support and Innovation: Many shitcoins have no backing from development teams or new innovations, making them unattractive for long-term .
#IMX.
Immutable Shuts Down NFT Marketplace, Cites Broader Ecosystem Focus
Immutable, a layer-2 network known for its contributions to non-fungible tokens (NFT) and blockchain gaming, has announced the closure of its NFT marketplace.
The Immutable Marketplace will officially retire on August 13, with a complete redirection by September 27.
Immutable Shifts Strategy Amid NFT Market Slump
Initially, the Immutable Marketplace served as a showcase for features available through the Immutable SDK. However, with the ecosystem’s projects flourishing, Immutable now plans to support these external platforms more effectively.
“As a company, rather than compete, we would prefer to support these marketplaces and see the Immutable ecosystem grow,” the team said.
Read more: 7 Best NFT Marketplaces You Should Know in 2024
Users’ blockchain-secured assets will remain accessible via any marketplace. The Immutable Global Orderbook ensures continuity for existing listings.
This move follows GameStop’s closure of its NFT marketplace in February, which had partnered with Immutable. BeInCrypto reported that GameStop cited “continuing regulatory uncertainty” as the reason for its exit.
Such withdrawals highlight the significant challenges and volatility in the NFT market. Since early 2024, the NFT market has faced a notable downturn.
According to CryptoSlam, NFT’s monthly sales volume dropped to $429.93 million in July from $1.29 billion in February. This represents a 66.65% decrease. Despite this, there was an 8% increase in Q2 2024 sales volume compared to the same period last year.
NFT Monthly Sales Volume.NFT Monthly Sales Volume. Source: CryptoSlam
Additionally, the floor prices of leading NFT collectibles have significantly declined. For instance, the Bored Ape Yacht Club (BAYC) floor price fell to 9.87 Ethereum (ETH), which is approximately $23,688. This is a significant drop compared to its peak of 145 ETH ($536,500) in May 2022.
Immutable Shuts Down NFT Marketplace, Cites Broader Ecosystem Focus
Immutable, a layer-2 network known for its contributions to non-fungible tokens (NFT) and blockchain gaming, has announced the closure of its NFT marketplace.
The Immutable Marketplace will officially retire on August 13, with a complete redirection by September 27.
Immutable Shifts Strategy Amid NFT Market Slump
Initially, the Immutable Marketplace served as a showcase for features available through the Immutable SDK. However, with the ecosystem’s projects flourishing, Immutable now plans to support these external platforms more effectively.
“As a company, rather than compete, we would prefer to support these marketplaces and see the Immutable ecosystem grow,” the team said.
Read more: 7 Best NFT Marketplaces You Should Know in 2024
Users’ blockchain-secured assets will remain accessible via any marketplace. The Immutable Global Orderbook ensures continuity for existing listings.
This move follows GameStop’s closure of its NFT marketplace in February, which had partnered with Immutable. BeInCrypto reported that GameStop cited “continuing regulatory uncertainty” as the reason for its exit.
Such withdrawals highlight the significant challenges and volatility in the NFT market. Since early 2024, the NFT market has faced a notable downturn.
According to CryptoSlam, NFT’s monthly sales volume dropped to $429.93 million in July from $1.29 billion in February. This represents a 66.65% decrease. Despite this, there was an 8% increase in Q2 2024 sales volume compared to the same period last year.
NFT Monthly Sales Volume.NFT Monthly Sales Volume. Source: CryptoSlam
Additionally, the floor prices of leading NFT collectibles have significantly declined. For instance, the Bored Ape Yacht Club (BAYC) floor price fell to 9.87 Ethereum (ETH), which is approximately $23,688. This is a significant drop compared to its peak of 145 ETH ($536,500) in May 2022.
#Sui is emerging as an exciting and innovative player in the blockchain space. Its unique approach to decentralized finance and robust technology stack have garnered attention from enthusiasts and investors alike. With a focus on enhancing user experience and providing cutting-edge solutions, Crypto Sui is poised to make a significant impact in the world of cryptocurrency.
The platform's commitment to transparency and security sets it apart, offering users a reliable and trustworthy environment for their transactions. Its user-friendly interface and advanced features cater to both newcomers and seasoned investors, making it a versatile choice in the rapidly evolving crypto landscape.
As the crypto market continues to grow and evolve, Sui stands out as a promising opportunity for those looking to explore new possibilities in #blockchain technology. Its forward-thinking approach and dedication to innovation make it a noteworthy contender in the digital finance world.
#SUI🔥 $SUI
The platform's commitment to transparency and security sets it apart, offering users a reliable and trustworthy environment for their transactions. Its user-friendly interface and advanced features cater to both newcomers and seasoned investors, making it a versatile choice in the rapidly evolving crypto landscape.
As the crypto market continues to grow and evolve, Sui stands out as a promising opportunity for those looking to explore new possibilities in #blockchain technology. Its forward-thinking approach and dedication to innovation make it a noteworthy contender in the digital finance world.
#SUI🔥 $SUI
Immutable X (IMX) is rapidly gaining attention as a standout token in the crypto space, renowned for its innovative approach to scaling Ethereum’s capabilities.
This layer-2 scaling solution is designed to offer high-speed transactions and zero gas fees, making it an attractive option for developers and users alike.
#IMX unique technology focuses on providing a seamless experience for trading NFTs and other digital assets while maintaining the security and decentralization of the Ethereum blockchain.The platform’s commitment to sustainability and efficiency is evident through its carbon-neutral approach, setting a new standard for eco-friendly blockchain solutions. As the demand for efficient and scalable blockchain technologies grows, IMX stands out with its robust features and dedication to enhancing the user experience. Its promising prospects make it a token worth watching in the evolving landscape of digital assets.
#IMX/USDT
This layer-2 scaling solution is designed to offer high-speed transactions and zero gas fees, making it an attractive option for developers and users alike.
#IMX unique technology focuses on providing a seamless experience for trading NFTs and other digital assets while maintaining the security and decentralization of the Ethereum blockchain.The platform’s commitment to sustainability and efficiency is evident through its carbon-neutral approach, setting a new standard for eco-friendly blockchain solutions. As the demand for efficient and scalable blockchain technologies grows, IMX stands out with its robust features and dedication to enhancing the user experience. Its promising prospects make it a token worth watching in the evolving landscape of digital assets.
#IMX/USDT
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