The post Sui Coin Price Holds Steady While Bitgert Continues to Rise appeared on BitcoinEthereumNews.com.

The sustained influx of capital through the Bitcoin and Ethereum ETFs started shortly after the sudden announcement of reduced rate cuts by the U.S. Federal Reserve. This streak of inflows could trigger further parabolic movements for the world’s largest cryptocurrency, setting up a bullish phase in subsequent months. Sui Coin, a popular Layer-1 solution, took advantage of the bullish market swing and became one of last week’s biggest winners. However, SUI’s market correction over the previous 24 hours raised eyebrows. Analysts suspect further declines in the next 48 hours. Amid the growing concerns surrounding $SUI, Bitgert, another L1 platform, witnessed steady growth in adoption and market value. Let’s uncover why SUI’s price trajectory is holding steady while Bitgert continues to grow as a preferred option in the market. What’s Next for $SUI? Sui, a relatively new Layer-1 protocol, is known for its multiple transaction processing, enhanced scalability, and top-level security. SUI’s architecture employs the Mysticeti protocol, allowing transactions to be processed instantly (i.e., about 390 milliseconds). Another market advantage adopters of the SUI network enjoy is an enhanced collaborative environment. Sui’s offering of user-centric advantages accelerated its success in the market. Recent developments surrounding the Sui network coincided with the bullish swing of the market, triggering a two-week-long surge. Some of these developments include Circle launching $USDC on the Sui network, the Hydropower Accelerator program aimed at accelerating the growth of top-performing projects, the successful launch of pre-orders for Sui gaming handheld, and a recent strategic partnership with 3DOS 3D, a printing network. Amid these considerable developments, SUI’s price chart shows $SUI suffered an intra-day decline of 2.9% and a day-long slump of 4.9%. At the time of writing, $SUI slipped past the $1.64 support level, exchanging hands at $1.63. Analysts predict $SUI could see more declines, and should it…

---

Filed under: News - @ September 28, 2024 8:26 am