Sui Price Surges 9% As Transaction Volume Surpasses Solana, But Experts Say This New Meme Coin Might 10x
The Sui price surged 9% in the last 24 hours to trade at $1.99 as of 03:31 a.m. EST on trading volume that skyrocketed 126% to $2.2 billion. This comes as Sui, a Layer-1 blockchain and smart contract platform, flips Solana (SOL) by total number of transactions. Sui’s total transactions stood at 58.37 million, over 20 million more than Solana’s total transactions, which came in at 35.41 million, between October 3 and October 5, according to a post on X by on- chain analytics platform Trading Copter. 🚨 Breaking News! 🚨 The $SUI Network surpassed the #Solana Network in total transactions for the first time ever! 🚀📈 pic.twitter.com/1cSkBjmiF2 — Trading Copter (@TradingCopter) October 7, 2024 Sui Price On A Sustained Bullish Rally The chart shows a clear uptrend over the past few weeks. The price has been steadily rising, forming a rising channel. Currently, the price is trading near the upper resistance line of this channel, sugge...