Sui And Polkadot Face Altcoin Resistance but This Innovative Project Just Hit a Major Milestone
The post Sui And Polkadot Face Altcoin Resistance but This Innovative Project Just Hit a Major Milestone appeared on BitcoinEthereumNews.com.
SPONSORED POST* Sui has recorded massive amounts of new investments since its recent ByBit listing, while Polkadot is also gaining traction for its multichain trading features. Meanwhile, Rollblock’s viral GambleFi project is gaining whale attention after raising more than $7 million in its presale stages. Sui (SUI) Records Significant Capital Inflows After ByBit Listing Sui was recently launched on ByBit’s new On-Chain Earn platform which has triggered a massive capital inflow. Since this new platform allows traders to stake coins directly on the blockchain, Sui investors are soaring with optimism as they hold established long positions on the token. Since Sui’s community sentiment is 84% bullish, analysts believe Sui could record a significant rally before the end of Q4. Sui is currently trading for $4.60 after an intraday surge worth 1%. Sui’s trading volume has declined by 32.63% which could mean low network activity or low selling pressure. Either way, Sui’s technical indicators are painting a bullish picture as Sui is trading above all the Simple Moving Averages on its daily chart. Polkadot (DOT) Gains Traction During Q4’s Altseason with Interoperability Feature Polkadot’s price has already recorded a significant 72.19% rally during the last month as investors regained interest in this multichain protocol. Since Polkadot allows traders to make cross-chain transfers of any digital asset through Web3 technology, analysts believe Polkadot will continue its ongoing momentum until the end of Q4. Polakdot is currently trading for $9.07 after an intraday surge of around 5%. Since Polakdot is the 15th largest cryptocurrency by market cap, analysts believe Polkadot has what it takes to enter the Top 10 list by early 2025. Polkadot’s technical indicators are confirming these bullish predictions as Polkadot’s Momentum Indicator and Bull Bear Power indicator are both flashing strong buy signals. Rollblock (RBLK) Brings Whale Attention to GameFi…
Filed under: News - @ December 16, 2024 12:27 pm