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The Sui price surged 15% in the last 24 hours to trade at $4.35 as of 2.30 a.m. EST on trading volume that skyrocketed 69% to $4.27 billion.
The SUI price surge came after the project announced breaking news yesterday, revealing that Phantom, a crypto wallet built for DeFi and NFTs, is coming to the Sui ecosystem.
🚨BREAKING NEWS 🚨 @Phantom is coming to the Sui ecosystem!
One wallet. Endless possibilities. Intuitive multichain features. ✨
From native bridges to seamless asset swaps, you’ll soon be able to explore everything Sui has to offer with the wallet trusted by millions.… pic.twitter.com/8jnDAgJUns
— Sui (@SuiNetwork) December 5, 2024
Sui praised its intuitive multichain features and endless possibilities that the wallet can enable, from native bridges to seamless asset swaps. It also said that crypto users will soon be able to explore everything Sui has to offer with the wallet trusted by millions.
“The integration of Phantom Wallet with Sui represents a giant leap for the Sui ecosystem, which now gets access to a first-class wallet experience with several features that the Sui community has been asking for,” said athe Sui Foundation’s Global Head of Ecosystem, Jameel Khalfan. ”Phantom Wallet is selective about which chains it supports, and we are proud to now be included among this notable group.”
Sui Price Prediction
The SUI price has been performing quite well since the announcement was made, although it did encounter a strong resistance at $4.40 which kept it from progressing further over the past 16 hours or so. Now, however, the project is finally giving signs that this resistance might be broken, which could enable its price to continue going further up.
While its Bollinger bands narrowed after the initial surge, they have remained relatively consistent since then, with the price mostly fluctuating between the upper band and the middle area between the two bands.
Right now, it is once again pushing the upper band further up, which could result in greater widening provided that the price can break the resistance.
The project’s Relative Strength Index (RSI) value has also been on the rise, after spending most of the last day fluctuating in the upper part of the neutral zone. Its value was mostly moving between 50 and 60 and back again in the past day, suggesting an overall bullish sentiment, but also the traders’ hesitance to go all in and pump the price.
The new buying wave in the past few hours seems to be changing that, and the RSI is now growing sharply, which could push it to the value of 70, the start of the overbought area, while that would likely push the price to the value of $4.40, and possibly beyond.
However, even if the price goes up to $4.40, it could see a rejection when the RSI value hits 70, or even if it goes beyond, so for the time being, stronger price fluctuations might be expected, but it is unlikely that SUI will skyrocket and establish a new bottom above this resistance.
Promising Alternative To Sui
While SUI’s partnership with Phantom Wallet brought a lot of excitement to its ecosystem, there is another crypto wallet that has recently been growing rapidly in popularity.
This is, of course, Best Wallet — a Bitcoin and crypto wallet that describes itself as a multi-chain, non-custodial, and multi-wallet crypto wallet.
The wallet supports over 60 different blockchains and is capable of storing all cryptocurrencies running on them, which includes Bitcoin, Ethereum, Solana, and all other top chains with highly developed ecosystems. This means that you can store most of the crypto market in Best Wallet, making it incredibly convenient.
🚨 $WEPE presale is now live in Upcoming Tokens! 🚨@WEPEToken gives holders access to top-tier trading insights, exclusive market calls, and access to private insider groups. 👀
Here’s how to join:
📲 Download Best Wallet
🔥 Visit Upcoming Tokens
💎 Buy $WEPE using $ETH or… pic.twitter.com/sLdStEOgkZ— Best Wallet (@BestWalletHQ) December 3, 2024
Being non-custodial means that no third party will have access to your funds — it will just be you and only you who have access to your wallet and your money. Finally, thanks to being multi-wallet, Best Wallet allows you to connect other wallets to it and manage your portfolios from one spot.
It also has plenty of features that allow you to do whatever you want with your coins and tokens from within the wallet. You can buy, store, deposit, send, swap, sell, stake, spend, and secure your cryptos, not to mention engage in iGaming, manage portfolios, and even use it as a presale aggregator.
Best Wallet also flags the hottest upcoming presales, giving investors an inside track to help them maximize profit opportunities.
Lastly, Best Wallet is currently in the middle of its own presale, selling its native BEST token to anyone wishing to buy it. The BEST token is selling for only $0.02295, and its ICO already raised over $2.5 million in just a few weeks, showing great demand and support.
What’s more, popular crypto YouTuber ClayBro, who has 133k subscribers, praised Best Wallet in multiple videos and is keeping a close eye on the presale of its native crypto.
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Best Wallet - Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
- Comes With Your Own OpenAI Powered Chat Bot Assistant
- Get Early Access to Upcoming Token Launches & ICOs
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- Store Crypto And NFTs With Industry Leading Security
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