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Cryptocurrency News Articles
Sui (SUI) Records Significant Capital Inflows After ByBit Listing, While Polkadot (DOT) Gains Traction During Q4's Altseason with Interoperability Feature
Dec 16, 2024 at 07:00 pm
Sui was recently launched on ByBit's new On-Chain Earn platform which has triggered a massive capital inflow. Since this new platform allows traders to stake coins directly on the blockchain, Sui investors are soaring with optimism as they hold established long positions on the token.
Sui (SUI) price analysis reveals a promising intraday surge as the token’s price has increased by 1% over the last 24 hours. On the other hand, SUI has witnessed a decrease of 32.63% in trading volume. The token’s price is currently trading at the $4.60 level. SUI price analysis also showcases a strong performance over the last week as the token’s price has surged by 12.06%. Moreover, SUI has also gained 30.28% in value against BTC, and 33.33% against ETH over the last 30 days.
From the technical viewpoint, SUI price analysis reveals a bullish trend as the token’s price is trading above all the Simple Moving Averages on the daily chart. Moreover, the Bollinger Bands are also converging, indicating a period of low volatility.
On the other hour chart, the MACD line is above the signal line, indicating a bullish momentum. Moreover, the RSI indicator is also in the overbought zone, suggesting a strong buying pressure.
Overall, the technical indicators on the SUI price analysis chart are suggesting a bullish trend. However, traders should be cautious as the token’s price has already surged significantly over the last few days.
Polkadot (DOT) price analysis reveals a strong bullish trend as the token’s price has surged by 72.19% over the last 30 days. Moreover, DOT has also gained 15.32% in value against BTC, and 19.74% against ETH over the last month.
From the technical viewpoint, Polkadot price analysis reveals a bullish trend as the token’s price is trading above all the Simple Moving Averages on the daily chart. Moreover, the Bollinger Bands are also converging, indicating a period of low volatility.
On the 4-hour chart, the MACD line is above the signal line, indicating a bullish momentum. Moreover, the RSI indicator is also in the overbought zone, suggesting a strong buying pressure.
Overall, the technical indicators on the Polkadot price analysis chart are suggesting a bullish trend. However, traders should be cautious as the token’s price has already surged significantly over the last few weeks.
A new GambleFi protocol is attracting whale attention as it has already managed to raise over $7 million in its presale stages. This protocol combines the fun of online gaming with the gains of the crypto market. Analysts are predicting 880% gains by the end of the presale stages. If this happens, the token will mark its release on the open market with a starting price of $0.10.
The reason why this presale is attracting whale attention is the platform’s commitment to user security and privacy. By building the entire GambleFi project on Ethereum’s immutable blockchain, the platform ensures that all financial information and bets placed on the platform are automatically encrypted.
And if that wasn’t enough, then all 7,000+ games on the platform have already been audited and regulated by SolidProof and Gaming Curacao. This means that they are 100% secure. Even with this gold standard security, the platform is giving users a massive variety of games to play and win more RBLK tokens.
These RBLK tokens can be staked in exchange for a weekly passive income through the platform’s revenue sharing model Every week, the platform reinvests up to 30% of its gaming revenue to repurchase RBLK on the open market. 40% of these tokens are distributed amongst current holders as staking rewards while the remaining 60% are burned forever to maintain deflationary pressure on RBLK’s price.
For a limited time, the platform is selling its presale tokens for a low price of just $0.0415 each. Since the token’s price has already surged 310% within a few months’ time, now is the ideal time to purchase RBLK before the price skyrockets towards a new peak.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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