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CATEGORY: tvl


SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion

Author: Sebastian Villafuerte
United Kingdom
Sep 25, 2024 12:05

SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion

SUI has recently emerged as one of the top-performing altcoins, posting an impressive 120% surge since early September.  This rapid price increase has captured the attention of both investors and analysts, as data from DefiLlama reveals that SUI’s Total Value Locked (TVL) is approaching the $1 billion mark. The rising TVL has fueled speculation that SUI could be on the brink of reaching a new all-time high, with many pointing to its growing ecosystem and increasing adoption as key factors driving its momentum. Related Reading: XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally Key Levels To Watch Currently, SUI is testing a critical resistance level, which, if broken, could trigger a surge in price that may challenge its all-time high of $2.18. As market conditions continue to evolve and interest in decentralized finance grows, many are watching SUI closely for its potential to lead the next altcoin rally.  Should the resistance hold, the price may consolidate before making a stronger push higher. However, if bulls breakthrough, it could set the stage for a significant upward movement, positioning SUI as a standout performer in the crypto space. SUI Rising TVL Suggests Growing Demand  SUI has ignited a wave of optimism among investors and traders who view the Layer-1 blockchain as poised to become one of the biggest winners in the ongoing bull run. Key metrics and insights from analysts reveal a growing interest in SUI, driven not only by retail investors but also by institutions pushing its price higher.  On August 5, during a broader market crash, SUIs Total Value Locked (TVL) plummeted to $342 million. However, since then, the blockchain has staged an impressive recovery, with its TVL surging nearly threefold to $885 million, according to data from DeFiLlama. TVL is a critical metric that reflects the total dollar value of assets staked or locked within a protocol. A decrease in TVL indicates liquidity is being withdrawn, while an increase, such as SUIs 40% rise over the past 30 days, signals growing trust in the project and a healthier ecosystem. This sharp increase in TVL is a positive sign, suggesting that SUI’s network is attracting more liquidity and usage. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed Currently, the price of SUI is just 40% below its all-time high, creating an ideal setup for bulls who believe this project is poised for explosive growth. Many anticipate that SUI could be one of the breakout stars of this cycle, as its ecosystem continues to expand and investor confidence strengthens. Technical Levels To Watch SUI is now trading at $1.55 after a massive 60% rally since last Tuesday, showing strong momentum in the market. The price has increased with increasing volume, consolidating just below a key supply levela sign of strength and confirmation of a bullish trend. Bulls must keep SUI above $1.40 to sustain momentum. Once a supply zone, this level may now act as a new demand zone. Consolidating above $1.40 could drive the price to higher levels, specifically toward $1.71. Reclaiming $1.71, a crucial supply zone, would position SUI to challenge its all-time high. Breaking through this level would set the stage for further price appreciation and possibly a new ATH. Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? A deeper correction is possible if SUI loses its current price levels. Lower demand zones around $1.25 or even $1.17 might provide support. This would slow the rally, but the overall bullish outlook remains intact if the price stays within these key levels. Featured image from Dall-E, chart from TradingView

 Solana TVL declines, but will SOL price react negatively? 

Author: Cointelegraph by Marcel Pechman
United States
Sep 24, 2024 12:00

Solana TVL declines, but will SOL price react negatively? 

SOL recently rallied to $152 but will a decline in Solanas network TVL negatively impact the altcoins price? 

 PancakeSwap plans v4 update following $836B trading volume milestone

Author: Cointelegraph by Pradipta Mukherjee
United States
Sep 21, 2024 12:00

PancakeSwap plans v4 update following $836B trading volume milestone

PancakeSwap announces its v4 update to improve liquidity provision, interoperability and scalability, aiming to resolve AMM shortcomings.

 BNB Chain DEX volumes drop 24% in a week  Is BNB in trouble?

Author: Cointelegraph by Marcel Pechman
United States
Sep 03, 2024 12:00

BNB Chain DEX volumes drop 24% in a week Is BNB in trouble?

BNB price has struggled, but some investors claim Changpeng CZ Zhaos release will pump BNB price even as network fundamentals worsen.

 Ethereums value accretion narrative under duress after 19% drop in ETH DApp volumes 

Author: Cointelegraph by Marcel Pechman
United States
Sep 19, 2024 12:00

Ethereums value accretion narrative under duress after 19% drop in ETH DApp volumes 

ETH price struggles to find reasons to rally after the networks DApp volumes drop and Ether languishes near the $2,250 support.

 Data points to Ethereum price making a short-term rally to the $3.2K level

Author: Cointelegraph by Marcel Pechman
United States
Aug 07, 2024 12:00

Data points to Ethereum price making a short-term rally to the $3.2K level

ETHs onchain and derivatives data are looking stronger even as macroeconomic data remains concerning.

 Solana TVL hits near 1-year high  Will SOL price follow?

Author: Cointelegraph by Marcel Pechman
United States
Aug 24, 2024 12:00

Solana TVL hits near 1-year high Will SOL price follow?

The total value locked on Solana surged but is this enough to send SOL price to a new all-time high?

 Solana price hits a wall at $150 as several headwinds intensify

Author: Cointelegraph by Marcel Pechman
United States
Aug 21, 2024 12:00

Solana price hits a wall at $150 as several headwinds intensify

SOL price struggles to gain upward traction as DApp volumes plunge, spot ETF odds dwindle, and memecoins fail to rally.

 Ethereum DApp volumes drop 33% in a week  Is more ETH price weakness ahead?

Author: Cointelegraph by Marcel Pechman
United States
Aug 20, 2024 12:00

Ethereum DApp volumes drop 33% in a week Is more ETH price weakness ahead?

Ethereums dominance in decentralized application deposits compensates for the reduced onchain volumes, but what about ETH price?

 EigenLayer TVL hits $12.9B, climbs 11% in one week  IntoTheBlock

Author: Cointelegraph by Josh O'Sullivan
United States
Aug 16, 2024 12:00

EigenLayer TVL hits $12.9B, climbs 11% in one week IntoTheBlock

EigenLayer leads the restaking sector with a $12.9 billion TVL, driven by AVS rewards and growing interest in Ethereum-based restaking.

 Solana to $1K seems unlikely, but network fundamentals forecast $190 SOL

Author: Cointelegraph by Marcel Pechman
United States
Aug 14, 2024 12:00

Solana to $1K seems unlikely, but network fundamentals forecast $190 SOL

Analysts forecast $300 to $1,000 SOL, but network data suggests that a rally to $190 is a more realistic expectation.

Jul 31, 2024 03:05

Ethena Labs: Impressive TVL Growth Driven By Strategic Milestones

Ethena Labs has emerged as one of the standout projects in the crypto space this year, showcasing remarkable growth in Total Value Locked (TVL). The project has achieved significant milestones, reflecting a staggering +875% increase ($2.11 billion) in TVL over just 57 days, followed by an additional +57% ($1.3 billion) […]

 Solana price rallies to $193 but is it SOLs local top?

Author: Cointelegraph by Marcel Pechman
United States
Jul 31, 2024 12:00

Solana price rallies to $193 but is it SOLs local top?

Solana price has been on a tear lately, but critics say the networks dependency on memecoins are a warning sign to keep an eye on.

 Movement Labs joins Polygon Agglayer, bags $160M TVL commitment for mainnet

Author: Cointelegraph by Arijit Sarkar
United States
Jul 31, 2024 12:00

Movement Labs joins Polygon Agglayer, bags $160M TVL commitment for mainnet

Movement Labs joins Polygons AggLayer to boost blockchain interoperability and protect developers against 90% of auditor-prioritized attack vectors.

 Solana near yearly high after 27% July gain and SOL price double bottom

Author: Cointelegraph by Biraajmaan Tamuly
United States
Jul 30, 2024 12:00

Solana near yearly high after 27% July gain and SOL price double bottom

Solana liquid staking tokens are increasing the networks onchain activity as its TVL crosses $5.5 billion.

 TON introduces gasless fees with new smart wallet

Author: Cointelegraph by Josh O'Sullivan
United States
Jul 26, 2024 12:00

TON introduces gasless fees with new smart wallet

The W5 smart wallet will allow gasless transactions on the TON blockchain using USDT and Notcoin, enhancing user experience and accessibility.

Jul 25, 2024 03:05

Base Sees Unprecedented Surge In Daily Activity And Transactions

Over the past week, the Base blockchain has experienced a significant surge in activity. Yesterday, Base recorded an impressive 1,220,883 daily active addresses, more than doubling the activity of other Layer 2 platforms like Arbitrum, which had 494,214 active addresses, and Optimism, which had 445,222. Base Surges in Daily Activity […]

 TON Network TVL surpasses $760M  Is this bullish for TON price?

Author: Cointelegraph by Marcel Pechman
United States
Jul 21, 2024 12:00

TON Network TVL surpasses $760M Is this bullish for TON price?

Investors excitement over airdrops and other incentives fueled TON Networks TVL, but how sustainable is this strategy?

Jul 19, 2024 12:05

NEAR Surges 20%: Pantera Capital MP Reveals 5 Reasons For Bullish Outlook

NEAR, the native token of the Layer 1 (L1) blockchain Near Protocol, has surged to a one-month high after breaking out of a previous downtrend that saw the token hit a low of $4 on July 5. Currently trading at $5.93, NEAR has recorded a substantial 20% gain over the past week, propelling it to the 19th position among the top 100 cryptocurrencies.  This positive momentum has drawn the attention of venture capital firm Pantera Capital, whose Managing Partner, Paul Veradittakit, has shared several reasons for the firm’s bullish stance on NEAR’s protocol and its growth potential. Scalability Solution Amidst Bitcoin And Ethereum Challenges Veradittakit took to social media on Thursday to highlight NEAR’s value proposition within the blockchain ecosystem.  Veradittakit noted that while Bitcoin (BTC) and Ethereum (ETH) have been at the forefront of the crypto technology revolution, with Bitcoin establishing itself as a store of value and Ethereum supporting smart contracts and decentralized applications (dApps), both face challenges related to transaction scalability.  According to Panteras MP, this is where NEAR Protocol plays a key role in addressing these scalability issues while prioritizing developer engagement and user experience by offering a scalable and user-centric blockchain solution. Related Reading: Crypto Analyst Predicts XRP Price To Hit $1.03 Soon, Warns Of Initial Dip NEAR distinguishes itself with its Thresholded Proof of Stake (TPoS) system and Nightshade sharding, which increases scalability and decentralization. These advancements have paved the way for NEAR to achieve significant milestones, such as reaching $335 million in Total Value Locked (TVL), an increase of 547% in just six months.  According to Veradittakit, such growth demonstrates NEAR’s traction and strategic effectiveness in the market. Furthermore, NEAR’s market presence is fortified by key metrics, including a 42% quarter-on-quarter increase in daily active addresses, a surge in transactions from 35 million to over 220 million, and a substantial rise in monthly active users from 2.9 million to 15 million. NEAR And Crypto AI Integration Notably, NEAR is also positioning itself as a leader in the emerging crypto artificial intelligence (AI) ecosystem, which has gained significant traction especially over the past year with surges of firms like Nvidia.  The NEAR team has emphasized the integration of AI through an open and decentralized framework, which places user control over data and assets at the forefront.  This has garnered recognition, as NEAR has been announced as part of Grayscale’s AI Fund. The fund’s component assets and weightings include Bittensor at 2.92%, Filecoin at 30.59%, Livepeer at 8.64%, NEAR at 32.99%, and Render at 24.86%. Related Reading: THORChain (RUNE) Primed For Big Gains, Analyst Eyes $20 Milestone Lastly, Veradittakit emphasized that NEAR’s success can be attributed to the leadership of its co-founders, Illia Polosukhin and Alexander Skidanov, as Polosukhin’s expertise in AI and Skidanov’s engineering understanding has been instrumental in developing NEAR’s infrastructure.  Despite reaching its monthly high of $5.93 and a substantial 300% gain year-to-date, the token will need to break above the $8.28 level in the short term to break out of its downtrend structure.   However, with these advancements and the adoption of AI-related tokens, NEAR may be poised for further gains throughout the year, helped along by the broader market’s recovery.  Featured image from DALL-E, chart from TradingView.com

 SOL struggles to reclaim $145, but Solana network fundamentals remain solid

Author: Cointelegraph by Marcel Pechman
United States
Jul 13, 2024 12:00

SOL struggles to reclaim $145, but Solana network fundamentals remain solid

Solanas onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.

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