Posted 2/1/2024, 9:01:29 PM
Sui Network's SUI Token Surges Over $1.50, Traders Predict Further Gains for Ethereum Competitor
- Sui Network (SUI) is a layer-1 blockchain that aims to compete with Ethereum
- The SUI token recently recovered from a price low and hit $1.59, sparking a bullish forecast
- Trader The Flow Horse predicts “considerable expansion upward” for SUI in coming weeks
- Sui Network runs on delegated proof-of-stake and focuses on low latency and high throughput
- The project raised $300M in 2022 at a $2B valuation from developers Mysten Labs