The post SUI Records 115% Surge Driven by USDC Integration and Ecosystem Memecoin Rally, More Gains to Come in ‘Uptober’? appeared on BitcoinEthereumNews.com.

  SUI has surged 115% in the past 30 days, reaching $1.69 and nearing its all-time high. Memecoins in the SUI ecosystem have driven the rally, with some seeing triple-digit gains in recent weeks. The SUI token has witnessed a significant price rally, climbing 115% over the last 30 days and reaching a six-month high. SUI reached $1.69 on October 4th, having increased by 170% from a low of $0. 742 on September 2.  SUI is now trading at only 8. 8% below the record $2.18 it hit on March 27. SUI was among the best-performing cryptocurrencies, as its market capital increased compared to the general increase of 4.4% for the cryptocurrency market capital and 7.3% for Bitcoin (BTC) during the same thirty-day period. According to data, SUI is now the second-highest gainer among the top 100 cryptocurrencies by market cap for the last 30 days. Memecoins on SUI Network Drive Token’s Explosive Growth The rapid expansion of memecoins within its blockchain has greatly contributed to the current upsurge in SUI prices. Memecoins on the SUI network have outperformed the broader crypto market, with several posting impressive gains. Over the past 24 days, the total market capitalization of memecoins on the SUI network has increased by 15%, reaching $256.3 million on October 4, according to CoinGecko. One standout performer is Aaa cat (AAA), which saw a 430% increase in the past week and a 16% rise in the last 24 hours. Similarly, Suiba Inu (SUIB) added 108% over the week and an additional 7% in 24 hours. Sudeng (HIPPO), the SUI’s largest memecoin in terms of market cap, saw its value surge by around 35%, driving its market capitalization to $126. 4 million. The memecoin trend has not only been isolated to SUI but has also seen traction on other…

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Filed under: News - @ October 7, 2024 1:54 am