The post SUI’s Price Slides In The Direction of $2, Holders Making A Quick Exit To Join Hot Presale appeared on BitcoinEthereumNews.com.

After a week of up-only action, many cryptocurrencies are experiencing healthy corrections across the board. Avalanche (AVAX) continues to range, but bullish signals are flashing. Sui (SUI) recently reached a new all-time high but is currently retesting lower levels. Meanwhile, many investors are rotating profits into the viral Lunex Network presale. The project boasts a revolutionary DeFi platform and its utility token $LNEX is set to explode 100x as the cycle progresses. Sui Is Retesting Lower Levels, What’s Next? Sui (SUI) has been in up-only mode since its launch basically and about a week ago, it finally confirmed a new all-time high of $2.34. Selling pressure began mounting and the Sui price retraced to its previous peak. Today, Sui trades at $2.01 with a 3.75% intraday increase. However, investor interest continues to rise as shown by the 55% surge in volume with over $689 million worth of Sui traded in the last 24 hours. In other news, Sui just launched an ‘Incubator’ hub in Dubai in collaboration with Ghaf Group, a local blockchain firm. The goal is to attract blockchain developers and entrepreneurs. This is part of a broader initiative that will see Sui establish similar hubs in other countries all over the world. Avalanche Is Stalling But This Could Change Soon For the past few months, Avalanche (AVAX) has been ranging around the $25 mark. Analysts are pointing out that the Avalanche floor is rising as every dip gets bought up immediately. At press time, Avalanche sells for $27.82 with a 1.5% decrease over the last 24 hours. https://x.com/thecryptobasic Aside from the market-wide rebound, there is another bullish catalyst that could send Avalanche into the stratosphere: the rollout of the AVAX 9000 upgrade. This upgrade will greatly enhance the development and deployment of Layer 1 blockchains on the Avalanche…

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Filed under: News - @ October 23, 2024 2:09 am