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SUI Network Skyrockets 145% in Crucial Metric, Will Price Follow?
In a remarkable turn of events, the SUI network has experienced a surge in activity over the last 24 hours. Notably, the network recorded a staggering 145% increase in daily active users. According to a recent post by Crypto Banter, data suggests an upward trend in new wallet interactions.
The significant increase in new users and interactions indicates strong market momentum for the SUI Network. The 145% rise in daily active users is a substantial jump, which could have a positive impact on the ecosystem. This growth in user base and activity may also spark investor interest and draw more developers to the network, which could potentially drive price upwards.
As of press time, the price of SUI was trading at $3.94, representing a minor 0.14% increase over the last 24 hours. It’s worth noting that the asset had reached an intraday peak of $4 before the current correction. This slight pullback might be attributed to general market volatility following Bitcoin’s correction.
The surge in daily active users could propel SUI’s price upwards, as the asset has broken above the psychological barrier of $3. If the price sustains this momentum and holds support around the mentioned level, it may ride the bullish sentiment to higher levels.
It is crucial to note that this article does not constitute investment advice; readers are urged to perform their own research prior to making financial decisions.
Source: u.today
