How High Will SUI Trade In February 2025?

The cryptocurrency industry had a rather slow weekend with most assets losing rather than pocketing gains. Prominent cryptocurrency SUI was one among them. The altcoin recorded a 22% drop in its price throughout the past week. Amidst this, news of a significant amount of SUI being stolen from an investor’s wallet began surfacing. While the number of bearishness fueled the ecosystem, the asset could witness a change during the second month of the year.

Also Read: Shiba Inu: Just $41 Worth Of SHIB Becomes $1 Million Today

SUI’s Downtrend

Source: Binance Academy

Over the past 24 hours, SUI recorded a massive drop of 13%. The asset was trading at a high of $4.16 earlier today and slid to a low of $3.54 in no time. At the time of writing, the altcoin was priced at $3.61. Amidst this, the volume of the network was witnessing a massive uptick of 181%. Currently, the trading volume of SUI stands at $1.71 billion.

Source: CoinMarketCap

According to reports, hackers took SUI tokens valued at $29 million from a victim’s wallet. Using a bridge, the stolen tokens were transferred to the Ethereum network. The hackers also used Tornado Cash, a site that is known to cover transaction information. Despite taking place in December, the attack was only revealed to the public on January 26.

Also Read: Elon Musk’s Bold Move: D.O.G.E. Blockchain for U.S. Government Efficiency

February Price Prediction

SUI hit an all-time high of $5.35 earlier this month. The asset has dropped by 32% ever since. Despite its current price conditions, the prediction for SUI remains quite bullish. According to data from CoinCodex, the asset has the potential to surge by a staggering 484% during February 2025. The maximum price that the altcoin will trade at in the second month of the year is $21.28. This highlights the massive growth that SUI will record in a short period of time.

Source: CoinCodex

Also Read: XRP Third Wave Targets $5.85, Expert Predicts How Fast Can Ripple Breach It

  • SUI
  • SUI Network

Comments

Post a Comment

Popular posts from this blog

Hon Kong’s asset management firm becomes the largest investor in BlackRock Bitcoin ETF

Yong Rong HK Asset Management emerges as the top holder in BlackRock Bitcoin ETF with $38M investment. Ovata emerges as biggest buyer in Bitcoin ETF market, investing $74M in various funds. Bitcoin price surpasses $61,000 amidst market dynamics, signaling resilience and potential. Yong Rong HK Asset Management Ltd, a prominent investment firm based in Hong Kong, has emerged as the leading investor in the BlackRock iShares Bitcoin ETF (IBIT). According to Bloomberg analyst Eric Balchunas, the firm has made a substantial investment of $38 million in IBIT, securing its position as the largest holder of the Bitcoin ETF. New high water more bitcoin ETF holders just rolled in: Yong Rong Asset Management based in HK bought $38m worth of $IBIT, which makes up 12% of its reported holdings. Interesting given HK has own ETFs now. But US ETFs have that irresistable combo of low fee and high volume. pic.twitter.com/FE2gyuIuIf — Eric Balchunas (@EricBalchunas) M...
Read more

Ethereum Struggles to Surge After Rebound: Can ETH Maintain $3,000?

Image
Ethereum (ETH) has been the subject of detailed analysis by prominent crypto analyst Rekt Capital over the past few weeks. In recent updates, the analyst has been closely monitoring ETH’s price action, particularly focusing on key support and resistance levels that could determine the cryptocurrency’s short-term trajectory. Ethereum Drops into Key Support Level but Rebounds In a previous Analysis , Rekt Capital highlighted a potential scenario where ETH could face rejection from a blue circled area on the price chart, leading to a drop into an orange circled level. As anticipated, ETH did indeed drop to the orange circled level, but the cryptocurrency managed to rebound from this key support area. However, despite the rebound, ETH has struggled to build on this momentum and maintain a sustained upward trajectory. The cryptocurrency is currently holding a crucial black mid-point level, which is acting as a pivotal area within its current range. Also read: Crypt...
Read more

Shiba Inu Weekly Price: Can SHIB Reclaim $0.00003?

Image
Shiba Inu (SHIB), a prominent meme coin in the cryptocurrency market, has recently attracted attention. SHIB is frequently compared to Dogecoin in terms of market position. The token’s performance in 2024 has been noteworthy. At the start of the year, SHIB was trading at a price lower than $0.000010. The token then underwent a significant rally, increasing by more than 450% and reaching a high of $0.000045 in the middle of February. Although the current price is still 72.5% lower than the all-time high achieved in 2021, the recent price movement suggests renewed interest and a shift in market sentiment regarding this popular cryptocurrency. As of now, SHIB is trading at approximately $0.00002401 following a period of consolidation. The token appears to be in a position where it could potentially experience its next price movement. There is uncertainty regarding whether the token has enough fundamental support to drive its value beyond the psychologically important level of $0.00...
Read more