In the latest update from Jamie Coutts, Chief Crypto Analyst at Real Vision, Sui's outperformance is highlighted, triggering momentum buy signals against BTC and SOL. Active addresses have surged from 20,000 to 1.2 million YTD. With US$767 million in net flows and low transaction costs, Sui is positioned as a scalable Layer-1 blockchain.
The past six months have been tough for crypto markets, but a strong foundation is being laid beneath the surface of volatile prices and supply overhangs.
US spot Bitcoin ETFs recorded inflows of US$556M, the highest since June. Additionally, the Avalanche Foundation plans to repurchase nearly 2 million AVAX sold to Terra in 2022, while Canary Capital Group has filed for the first Litecoin ETF.
Bitcoin ETFs have seen a remarkable surge with daily inflows of US$235.2 million, while Ethereum ETFs remain stagnant. Despite market shifts, Bitcoin holds steady, and Sui skyrockets 115%.
Discover how blockchain technology powers cryptocurrencies with unmatched security and transparency. Learn the workings, types, and applications.
You might be wondering, ‘what is an airdrop in crypto?’. It’s a common question as drops are becoming a popular phenomenon in the cryptocurrency community. These events involve distributing free tokens or coins to a wide audience.