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Sui soars 175%, while Bitcoin rises 57%, and Solana gains 50%, showing strong 2024 performances across the crypto market. Bitcoin, Ethereum, Solana, and Sui all post impressive gains in 2024, with bullish sentiment and growing market interest. Ethereum climbs 3.14%, joining Bitcoin, Solana, and Sui in leading the crypto market’s strong 2024 performance. Crypto markets have seen notable gains in 2024, with Sui (SUI), Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) emerging as top performers. These assets have seen substantial price increases, with Sui posting a remarkable 175% surge. Bitcoin’s dominance continues to grow, while Solana remains a strong contender in the smart contract space. Sui’s 175% Surge Sui has experienced a remarkable 175% price surge in just 30 days, capturing the attention of the crypto market. Its price stands at $2.24, with a 24-hour trading volume of $961.7 million. Although Sui has increased only 0.37% in the last 24 hours, its market cap of $6.2 billion and a circulating supply of 2.76 billion SUI coins demonstrate its growing presence. Source: Coinglass Circle’s launch of native USDC support on the Sui blockchain is a key factor in its success. Sui’s derivatives market shows mixed activity. Trading volume has fallen by 37.29%, while open interest has dipped slightly by 0.37% to $640.89 million. Binance traders are slightly bearish, with a short position ratio of 0.5896. However, long positions still slightly dominate overall, hinting at future volatility. Bitcoin’s 57% Gain Bitcoin’s price has surged by 57% this year, reflecting its continued dominance in the crypto market. At the time of writing, BTC is priced at $65,669.61, Bitcoin holds a market cap of $1.29 trillion. Its trading volume remains robust at $38.87 billion, and its circulating supply is nearing its cap of 21 million coins. Source: Coinglass The Bitcoin derivatives market shows increased…

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Filed under: News - @ October 15, 2024 9:27 pm