Satoshi

Captain

<p><a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">SUI has pumped by more than 8%</a> today and 20% in the past 3 days. Notably, most of the price increase (about 15%) came yesterday following two major announcements from the SUI Network team.</p>
<p>On Tuesday, July 9, SUI Network introduced the<a href="https://x.com/SuiNetwork/status/1810740208008380485" target="_blank" rel="noopener noreferrer nofollow"> SUI Indexing Framework</a>. This solution will be useful in creating apps that respond to real-time blockchain events and improve data and infrastructure management. Users can also get customizable data tailored to their needs.</p>
<p>SUI Network also announced that Electric Capital developer data revealed SUI is the largest and fastest-growing Move developer community. Since the last update in January, the blockchain has seen a growing developer community according to Electric Capital data.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">The results are in: Sui has the largest and fastest-growing <a href="https://twitter.com/hashtag/Move?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Move</a> developer community, according to the latest @ElectricalCapital developer data! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Since the last update in January, Sui has seen explosive developer growth according to EC data:<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2795.png" alt="➕" class="wp-smiley" style="height: 1em; max-height: 1em;">219% monthly active devs… <a href="https://t.co/s7Mzn9Ojzf" target="_blank" rel="noopener noreferrer nofollow">https://t.co/s7Mzn9Ojzf</a></p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1810762531524464710?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The data includes a 219% growth in active developers, a 145% increase in full-time developers, a 125% growth in total commitment, and an 84% increase in total repositories. These numbers show that SUI is becoming a home for first-time builders and developers who also enjoy the blockchain’s benefits.</p>
<p>SUI has continued to attract various groups of builders pushing the boundaries of Move development. In their post, they also welcomed developers who joined during their SUI Overflow Hackathon, describing it as a massive success as it brought many more projects to the SUI blockchain.</p>
<p>These data have undoubtedly increased investor confidence. People often look for opportunities in growing blockchains that can potentially give high ROI, and right now, SUI could seem like a good choice to investors.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/optimism-op-and-render-token-rndr-face-critical-tests-top-analyst-highlights-key-price-levels-to-wach/" target="_blank" rel="noopener noreferrer nofollow">Optimism (OP) and Render Token (RNDR) Face Critical Tests: Top Analyst Highlights Key Price Levels To Wach</a></em></strong></p>
<h2 class="wp-block-heading" id="why-is-sei-pumping">Why Is SEI Pumping?</h2>
<p><a href="https://coinmarketcap.com/currencies/sei/" target="_blank" rel="noopener noreferrer nofollow">SEI has also spiked </a>by more than 10% in the last 24 hours following the announcement about the completion of Phase 2 of its Mainnet Beta. Based on the post on their X page, the SEI V2 Mainnet Beta is the most performant EVM blockchain ever built.</p>
<p>The completion is a major leap in SEI’s journey of fulfilling its vision. Since SEI launched the first parallelized EVM, it has continued to have various deployments and increases in on-chain activities. The project has also continued to attract developers and innovators to join its journey.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Phase 2 is now complete <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Sei v2 mainnet beta is officially here and It’s the most performant EVM blockchain ever built.<br><br>The future starts here, read more about the Sei vision and the journey ahead here: <a href="https://t.co/KKsuBclMgr" target="_blank" rel="noopener noreferrer nofollow">https://t.co/KKsuBclMgr</a><br><br>One thing is clear since the recent launch of… <a href="https://t.co/Fo344nV8qf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Fo344nV8qf</a></p>— Sei <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f534.png" alt="🔴" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a8.png" alt="💨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@SeiNetwork) <a href="https://twitter.com/SeiNetwork/status/1810691347654787153?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Some teams and builders are already live and working on the SEI V2 mainnet; they include Silo Stake, involved in liquid staking; Yei Finance, a borrowing and lending protocol; Dragon Swap, a decentralized exchange for ERC20 and CW20 tokens, and more.</p>
<p>Apart from the DeFi protocols, there are also NFT builders, bridge providers, and various wallet, analytics, and data providers building on the SEI V2 mainnet beta already.</p>
<h3 class="wp-block-heading" id="technical-analysis">Technical Analysis</h3>
<p>Technical analysis suggests that SEI has reached critical support and the price could retrace for a while. The support level, around $0.255, has held the price from going down further. Since reaching the support, the price has increased by more than 40%, with the chance of riding the trend further.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-1024x484.png" alt="" class="wp-image-523081" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-269.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The price would have to face resistance at around $0.35. If it breaks that, it could see another bullish run to around $0.44.</p>
<p>The relative strength index figure is currently at 47, increasing sharply from 25 in the past 5 days. With a reading of 47, it is evident that the price has a lot of room to run in the case of a continued bullish trend.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/sei-and-sui-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">SEI and SUI Prices Pumping – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SEI and SUI Prices Pumping – Here’s Why

Table of Contents

CaptainAltcoin

Other articles published on Jul 10, 2024

MoonBag Coin Dominates as Premier Investment, Floki Inu and Polygon See Decline

Bitwise hit with a multi-million-dollar lawsuit over fraud-related charges

Starknet token staking to start by the end of 2024

German Government Continues Bitcoin Sell-Off, Shifts $178 Million in BTC in One Hour

Crypto Watch: Bitcoin Nears $60K, XRP Hovers at $0.46, and Furrever Token About to Launch!

Why Real-World Assets (RWA) Are The Key To DeFi’s Future Growth

Join our free newsletter for daily crypto updates!