The post SOL and SUI Price look bullish, but keep a diversified portfolio  appeared on BitcoinEthereumNews.com.

With Donald Trump sweeping to election victory, the market has reacted positively, with most altcoins pumping. The SUI price was one of the first to react and is now up 16% since the news broke, while Solana is up 13% in the same time frame. Both cryptos have great potential for a moonshot, especially with the crypto market receiving its best possible news with the election victory. After all, Trump is a crypto and Web3 fan; he has his own NFT collection and has even promised the government will build a Bitcoin strategic holding, which will, of course, be bullish for the entire market. What does this all mean for both Sui and Solana?  The SUI price reacts positively to Trump’s win Sui (SUI) has garnered plenty of attention since it launched in May 2023, and after a 16% boost after news of Donald Trump’s landslide victory, the SUI price is now just 2% short of its all-time high (ATH). Built on a unique Move programming language, Sui emphasizes both scalability and user experience in the Layer-1 (L1) blockchain space. Its parallel transaction processing is designed to enhance throughput and lower latency, which is an essential aspect for any potential L1 competitor. The recent Sui price surge reflects the broader market sentiment of going for newer cryptos that can scale. The market is likely to maintain bullish momentum post-election, and Sui’s advanced competitive architecture could continue to attract developers and investors, making it one of the more interesting cryptos in the DeFi and Web3 space. Solana up 13%; now just 5% from 2024 highs Solana (SOL) has been enjoying a 13% price increase as bullish sentiment sweeps the market. This rally aligns well with heightened demand for high-performing blockchains, such as Solana, as mainstream adoption continues to rise. The network’s…

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Filed under: News - @ November 9, 2024 7:12 am