SUI's 73% weekly price gains top crypto market — New price record in reach? 🚀
SUI's price has soared 73% over the past week, outperforming major cryptocurrencies. This surge is attributed to growing investor confidence, fueled by the launch of the Grayscale SUI Trust and a pivotal partnership with xPortal and xMoney, introducing a virtual Mastercard for Europe.
Key metrics also reflect SUI's growth, with Total Value Locked (TVL) increasing by 40% and daily DEX volumes soaring by 177%. These developments indicate a robust ecosystem and heightened market interest.
Technically, SUI broke a multimonth resistance at $2.20 and aims for all-time highs. Analysts project further potential gains, with some suggesting targets as high as $11.5.
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