Black_background_logo_BitcoinWorld-removebg-preview
SUI Gains 12% While Chainlink and Polygon Keep Alt Rally Rolling
Bitcoin News Latest News News

SUI Gains 12% While Chainlink and Polygon Keep Alt Rally Rolling

  • Bitcoin is up 1.3% today, but alts like MATIC, LINK, and SUI are taking the lead.

While Bitcoin has increased 1.3% in the last day, Sui (SUI), which has increased by almost 12% since yesterday, has emerged as the largest winner.

Bitcoin Price Chart | Source: Coinstats

 

SUI, which was introduced by former Meta engineers last year, was priced at $0.57 at the time of writing. Coinstats reports that in the last week, it has increased by more than 31%.

SUI Price Chart | Source: Coinstats

 

The key to its success is its integration with Space and Time, a data platform funded by Microsoft that processes data for companies.

The Sui Foundation unveiled a $51.3 million ecosystem fund last month to assist DeepBook, an on-chain central limit order book-based platform, and the DeFi ecosystem.

Read Also: BLUR Jumps 21%, Its Trigger Might Surprise You

In addition, Chainlink (LINK) is currently among the top-performing cryptocurrencies. At $13.92, the 13th-largest digital asset by market capitalization was trading at a 24-hour increase of 8%.

Chainlink Price Chart | Source: Coinstats

 

The British telecom giant Vodafone connected its Digital Asset Broker (DAB) to the Chainlink network to enhance document transfer, which resulted in a boom for LINK. DAB changed its name to Pairpoint today.

Additionally, Polygon (MATIC) is among the biggest winners from the previous day. In the last day, it has increased by almost 8%. Polygon introduced their own POL coin to Ethereum towards the end of last month. POL is intended to eventually take the role of MATIC as the main token on the network. However, owners have four years to make the change.

In other news, over the last day, Bitcoin, the largest cryptocurrency by market capitalization, has increased by almost 1.3%. It cost $35,305 at the time this article was written.

The excitement surrounding the possible establishment of a Bitcoin exchange-traded fund (ETF) has caused interest in Bitcoin to soar, pushing the largest digital currency to 18-month highs. But since the expectation of an SEC approval cooled, things have calmed down a lot.

However, as is typically the case, the rise in BTC also affected the other cryptocurrencies.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.