Главная Страх и жадность Горные бассейны бумажники Словарь афишировать Facebook Twitter Telegram Reddit Youtube
Рейтинг Рынка:
24ч:
Активные криптовалюты: 13105
Рынок: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Рейтинг Рынка
24ч
13105
Активные криптовалюты
60.37%
Bitcoin Поделиться
CoinGape 2024-12-19 12:17:48

Is SUI Price About To Crash As DeFi TVL Plunges?

Is SUI Price About To Crash As DeFi TVL Plunges?

Sui price joined other altcoins in bouncing back after falling sharply following the hawkish Federal Reserve interest rate decision. It has been one of the best-performing cryptocurrencies this year, rising by 440%. Will the Sui token price crash now that the total value locked (TVL) in its DeFi protocols and the number of developer commits are falling? SUI Price At Risk of Crash As DeFi TVL Sinks Sui price is trading at $4.56 on Wednesday and is close to its all-time high of $4.9. One reason for its surge is that the volume of assets in its DeFi protocols is rising, and currently sits at over $1.7 billion. This growth makes it the ninth-biggest blockchain in the industry. It is bigger than other popular chains like Avalanche, Aptos, and Polygon. However, the ongoing surge in DeFi assets is mostly because of the ongoing Sui price surge, which has lifted the volume of its assets. The TVL has been in a downtrend in SUI terms after peaking in September this year. It has moved from 730 million in SUI terms to the current 385 million, its lowest level since April. This is a sign that its DeFi protocols are not doing all that well, which could, in theory, affect its price. SUI DeFi TVL SUI Network Commits And Core Developers Falling The other potential risk for the SUI price is that the number of developer commits is falling. Commits refers to changes made by developers and saved to a network. Ideally, more commits are signs that the network is seeing more activity. Data shows that the number of commits in December stands at 950, down from a peak of 5.3k in May last year. They peaked at 2.93k in January this year, and the trend has not been all that promising. The number of core developers has dropped to 44 from the year-to-date high of 86. However, Sui is also seeing some positive fundamentals. For example, the volume of stablecoins in its chain has risen to over $377 million. Its DEX protocols like Cetus, Bluefin, Kriya, and DeepBook are also seeing strong volume. SUI Core Developers SUI Technical Analysis As Rising Wedge Forms The daily chart shows that the SUI token price has been in a strong uptrend. Using trend-following principles, this uptrend will likely continue for a while since it remains above all moving averages. However, some potential risks have come up and point to a potential retreat. It is forming a rising wedge chart pattern, a popular bearish sign. This pattern happens when an asset forms two ascending and converging trendlines. A bearish breakout happens when they near the tip. The other risk is that it is nearing the extreme overshoot level of the Murrey Math Lines, where most assets retreat. Also, it remains much higher than the 50-day moving average, meaning that a mean reversion may happen. SUI Price A breakdown would lead it to the major S&R pivot point at $3.125, which is about 30% below the current level. On the flip side, a move above the year-to-date high of $4.96 will invalidate the Sui price bearish view and point to more gains to $6. The post Is SUI Price About To Crash As DeFi TVL Plunges? appeared first on CoinGape .

Наиболее читаемые новости



Cryptohopper
Рейтинг Рынка
24ч
60.37%
Bitcoin Поделиться
321
Сегодня Новости
Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения