2024

Million

<ul class="list-ic vertical"><li>1<a rel="noopener noreferrer nofollow">Mysticeti has been live on testnet and is now the fastest among all blockchains.&nbsp;</a></li><li>2<a rel="noopener noreferrer nofollow">The SUI Network has achieved a major milestone with a new all-time high for TVL at $750 Million and 1 million daily active addresses.</a></li></ul>The Sui Network’s bullish price trend continues to rise following the announcement of a significant upgrade that is now active on its testnet. Announcing on X, Sui Network introduced the Mysticeti upgrade, TVL Rose ATH, and Wallet Addresses Skyrocketed.<h2 class="wp-block-heading" id="strong-sui-upgrade-plots-to-become-fastest-blockchain-strong">Sui Upgrade Plots to Become Fastest Blockchain</h2>The SUI Network has updated on X that they have achieved a major milestone with an new all-time high for TVL, as it reached $750 Million.<blockquote class="twitter-tweet"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley">BREAKING: Today, Sui hit another major milestone with a new all time high for Total Value Locked – $750,000,000! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley">This comes after yesterday's ATH for Daily Active Wallets. What an incredible week for the Sui community – and it's only Tuesday <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f60e.png" alt="😎" class="wp-smiley"> Source: <a href="https://twitter.com/DefiLlama?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@DefiLlama</a><a href="https://t.co/0dc9n7ohEY" rel="noopener noreferrer nofollow">pic.twitter.com/0dc9n7ohEY</a>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1793008812745724169?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 21, 2024</a></blockquote>Moreover, the SUI also stated that it has achieved a major milestone and it has reached 1 Million daily active addresses.Additionally, Dmitri Perelman head of engineering has tweeted on X that Mysticeti has been live on <a href="https://www.thecoinrepublic.com/2024/02/11/dencun-update-on-ethereum-l2-finalizing-third-testnet-launch/" rel="noopener noreferrer nofollow">testnet </a>and has been now the fastest among all the blockchains.He further stated that his team is working on streamlining the FNs and SDKs to fully benefit from the core improvements in the network.<blockquote class="twitter-tweet">Mysticeti is live on testnet and it's very fast! We're working on streamlining the FNs and SDKs to fully benefit from the core improvements (e.g., returning the object contents back via RPCs all the way to the dApp). A moment of celebration for our researchers and engineering<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley"><a href="https://t.co/cC3Ct9H5CV" rel="noopener noreferrer nofollow">https://t.co/cC3Ct9H5CV</a>— Dmitri Perelman (@PerelmanDmitri) <a href="https://twitter.com/PerelmanDmitri/status/1792956188600262769?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 21, 2024</a></blockquote>This update has been officially on the test net, it has brought consensus latency down to 390ms, which happens to be a remarkable 80% reduction from Narwhal- Bull shark.<h3 class="wp-block-heading" id="strong-what-could-sui-price-prediction-sui-be-based-on-technical-evaluation-strong">What Could SUI Price Prediction (SUI) Be, Based on Technical Evaluation?</h3>Analyst Crypto Tony tweeted with bullish sentiment on X that in SUI, a spike was seen out of a support level on the daily chart.<blockquote class="twitter-tweet"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SUI</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USD</a> – Update Reclaiming $1.43 is the safest entry here if not in already. Love the clean action here from the bulls off support <a href="https://t.co/ry2KciNwqC" rel="noopener noreferrer nofollow">pic.twitter.com/ry2KciNwqC</a>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1792948213994999881?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 21, 2024</a></blockquote>Correspondingly, based on the analyst tweet, the SUI asset daily chart displays bullish strength in the short term. Likewise, the MACD shows a bullish cross, with an increasing histogram in SUI at 0.0281, and the RSI flashed at 48.00. It displayed that the SUI crypto is not losing steam yet and could continue to jump higher in future sessions.&nbsp;Therefore, if the spike surges strongly, the next target for the SUI price could be to reach the above levels, such as $1.40 and $2.10.<a href="https://in.tradingview.com/chart/SUIUSD/GAE2Hcxl-the-spike-surges-strongly/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a>On the contrary, if the SUI crypto price fails to sustain above the $0.90 level, it could also decline further.<h4 class="wp-block-heading">Summary</h4>The SUI Network has achieved a major milestone with a new all-time high for TVL at $750 Million and 1 million daily active addresses. Additionally, Mysticeti has been live on testnet and is now the fastest among all blockchains.&nbsp;Analysts are bullish on SUI, with potential price targets at $1.40 and $2.10, but caution that failure to sustain above $0.90 could lead to further decline.

Sui Jumps Higher As TVL At ATH & Mysticeti Upgrade Launched

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Thecoinrepublic.com

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