SUI’s 73% Weekly Surge Leads Crypto Market – New Price Record in Sight? Grayscale Trust Launch Boosts Confidence

SUI price surges by 23% in a day and 73% in a week, outperforming major cryptocurrencies, fueled by the launch of the Grayscale SUI Trust and a partnership with xPortal/xMoney. The token trades at $3.67 on April 25, rising from $2.11 on April 21. Grayscale’s SUI Trust and xPortal/xMoney’s Mastercard partnership have boosted investor confidence. SUI’s TVL increased by 40%, with daily DEX volumes up by 177%, indicating strong ecosystem trust and utility. The token’s performance made it the top gainer in the top 100 cryptocurrencies by market cap. Grayscale launched the SUI Trust on April 23, open to accredited investors, while the partnership with xPortal and xMoney introduced a virtual Mastercard for European users. SUI remains a top 10 layer-1 blockchain with over $1.65 billion in TVL, increasing by 40% in a week. Daily DEX volumes surged by 177% to $599 million. Technical analysis suggests SUI could reach all-time highs of $5.35, with a bullish momentum indicated by the RSI rising to 78. Overcoming resistance at $4.50-$5.10 could lead to new highs. Elliott Wave analysis sets a target of $11.5 for SUI. This article does not offer investment advice; readers should conduct their research before investing.

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