SUI price rises to all-time high

 

SUI price rises to all-time high

SUI Price Reaches Record High | Technet - Today in the cryptocurrency world, we are discussing the unprecedented rise in the price of SUI to an all-time high.

Mutation details

In the latest development, the price of the SUI reached an all-time high, peaking after a strong month where the price of the asset rose by almost 130%.

New SUI Record

SUI hit a new all-time high in both price and market capitalization. The coin has reached a new high in both price and market capitalization, driven by increased interest and strong performance indicators on the blockchain.

According to CoinGecko data, Sui (SUI) is among the best performing cryptocurrencies today (January 15), reaching an all-time high of $1.43. The last time it reached $1.4 was in May 2023, shortly after the launch of the main network of the Sui network.

SUI's market capitalization exceeded the $1.5 billion mark, placing it in 51st place among the largest digital assets. This current increase comes amid a broader market correction following the historic (albeit hot) approval of bitcoin exchange-traded funds (ETFs) in the US.

While bitcoin has seen a decline in the past few days, Solana, Cardano and others in the blockchain space have stayed away from their December highs. However, this is not the case with SUI. According to DefiLlama, the total closed value (TVL) on the Sui network today reached a peak of around $350 million, with trading volumes ranging between $30 million and $76 million last week.

Highest ever SUI levels and industry interest

The rise in the price of SUI to an all-time high corresponds to the growing interest from industry participants. Singapore's cryptocurrency exchange Jubi revealed that tokens were the third most searched coins last week (January 8 – January 14), lagging behind Bitcoin (BTC) and Ethereum (ETH).