SUI has increased by 26 % in the past 24 hours and is now near the $ 3 mark. This sharp move came when the network faded months of declining pressure, as it gathered on the back of the wider encryption market.
The market rise comes amid renewable optimism surrounding the continuous trade war between the United States and China, as President Donald Trump recently indicates that it will reduce the definitions of the latter. This optimism has also led to an increase in Bitcoin ETF flows, reaching nearly one billion dollars this week, Cryptomode said.
These words came after US Treasury Secretary Scott Beesente told investors at the JPMorgan event that was closed to the media that the ongoing trade war was not sustainable.
Cancel the manufacture of trade war, Pesin saidIt was something that came “in the very near future.” The Bitcoin continuous gathering has seen $ 95,000 to become the seventh largest market asset, before it decreased to 93,500 dollars at the time of writing this report.
However, the number is much higher than the level of $ 84,000 was seen a week ago. Likewise, the SUI price increased dramatically from the level of $ 2 a week ago.
The distinguished code rally also comes against the background of the SUI -based Memecoins. It seems that a large part of the excitement focuses on Lofi and Blub, two symbols have gained great attention in recent days.
SUI’s ecosystem activity grows
Loew 143 % increased per week Pulp He gained 70 %, and traders pulled into the ecosystem. It seems that this traffic has fed the outbreak of SUI from a convergence channel that was formed since late last year.
Although it still decreases more than half of its highest levels in January, the distinctive symbol offers signs of renewable activity beyond merely the speculative price, as the scales on the series indicate that the ecosystem suffers from growth.
According to Artemis data, the number of daily active addresses on the network increased from about 500,000 in February to approximately 1.5 million, while daily transactions are now hovering near the sign of 6 million.
