{"id":140872,"date":"2023-06-13T06:02:50","date_gmt":"2023-06-13T06:02:50","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=140872"},"modified":"2023-06-13T10:23:24","modified_gmt":"2023-06-13T10:23:24","slug":"sui-soars-15-in-just-24-hours-here-are-the-reasons","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/sui-soars-15-in-just-24-hours-here-are-the-reasons\/","title":{"rendered":"SUI Soars 15% in Just 24 Hours. the Reasons Will Surprise You!"},"content":{"rendered":"
The price of Sui (SUI)<\/a> has skyrocketed by a staggering 15% within a 24-hour period. As of today, the live SUI price stands at $0.693408, with a trading volume of $390,033,326 USD.<\/strong> The remarkable surge has propelled the project to the 81st position in the market rankings, boasting a live market cap of $418,851,275 USD at press time.<\/p>\n Bitcoin (BTC), the most popular cryptocurrency, also managed to overcome a brief slump and surpass the $26,000 mark early Tuesday. This resurgence had a positive impact on various altcoins, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Solana (SOL), as they all experienced slight gains. However, it was SUI that emerged as the standout performer.<\/strong><\/p>\n Although the exact catalyst behind SUI’s rapid price increase remains unclear, there has been recent news<\/a> of a multi-year partnership between SUI and the world-renowned Formula One team, Oracle Red Bull Racing<\/strong>. This collaboration has brought about excitement in the crypto community, as the blockchain network plans to introduce a series of digital experiences for racing enthusiasts in the coming months.<\/p>\n Fans will have the opportunity to engage with Oracle Red Bull Racing through a range of immersive digital experiences.<\/p>\n The SUI network has also revealed its plans to implement liquid staking<\/strong>, an innovative feature that will significantly enhance the capabilities of the platform. Through the SIP #6 protocol update<\/a>, developers will be able to create liquid staking with ease. This update allows users to earn rewards on their staked assets while still utilizing them for other purposes.<\/p>\n \ud83d\udce3Coming soon: enabling liquid staking in Sui.<\/p>\n Developers will be able to build liquid staking with the SIP 6 protocol update.https:\/\/t.co\/cY4pWZxMDq<\/a> pic.twitter.com\/0gBbhxiTPP<\/a><\/p>\n — Sui (@SuiNetwork) June 10, 2023<\/a><\/p><\/blockquote>\nWhy is SUI going up?<\/h2>\n
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