The post Solana killer Sui suffers setback after 2 hour outage; holders flock to new crypto appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After Sui’s outage, investors flock to Rollblock, eyeing its unique tokenomics and 100x growth potential post-presale. Many investors migrated to top altcoin Sui (SUI) after Solana’s (SOL) blistering rally began to stall in the middle of 2024. Now they are moving on again as Sui suffers from a two-hour outage. The top destination for these investors is crypto casino Rollblock (RBLK). Rollblock’s unique tokenomics is driving staggering growth estimates of 100x or more when its current crypto presale ends. Solana rally pause saw investors cash in mid-2024  The blistering rally in the Solana price was one of the biggest stories of 2024. Solana has grown more than 11x since late 2023 as its internal scaling solution has allowed it to increasingly dominate the market for Layer 1 blockchains. However, this blistering rally in the Solana price paused for months in the middle of 2024. Many investors took this opportunity to cash in their Solana gains and migrate to other tokens. Sui was considered the growing ‘Solana-killer’ and saw much of this capital inflow. Sui price plummets during two-hour outage Sui was considered the ‘Solana-killer’ due to its own internal scaling solution. The Sui price grew around 300% in the middle of 2024 as people migrated out of Solana. Sui followed this up with another 100% rally this month. However, the Sui price fell nearly 11% today after an almost two-hour outage where no blocks were produced. This outage led to a mass exodus of Sui investors. Rollblock’s crypto presale a welcome haven for investors fleeing Layer 1 blockchains Many investors are now tired of the rapidly changing market for Layer 1 blockchains and eyeing the stable growth of crypto…

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Filed under: News - @ November 23, 2024 6:16 am