SUI Drops 14% as Meme Coin Staking Platform Nears $2M Goal[embed]https://www.youtube.com/watch?v=nwmtfndIsCc[/embed]

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</div></div></div><p>The Sui price dropped 11% in the past 24 hours, trading at <a href="https://coinmarketcap.com/currencies/sui/">$1.71</a> as of 3 a.m. EST, with trading volume increasing by 9% to $1.4 billion.</p>
<p>The token has seen price action against the market trends in recent days, climbing steadily until it hit resistance at $2.</p>
<p>This surge was fueled by various positive announcements recently, including Atoma's plan to introduce decentralized AI to Sui, benefiting from its rapid consensus and low transaction costs.</p>
<p>This development could pave the way for numerous applications built on Sui to incorporate open-source AI models with guarantees of verifiability.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="13.323529411765">
<p lang="en" dir="ltr">Atoma is launching decentralized AI on Sui, leveraging its fast consensus and low transaction fees!</p>
<p>This creates numerous opportunities for applications on Sui to incorporate open-source AI models with verifiability.</p>
<p>Atoma can be utilized to generate code, mint… <a href="https://t.co/iPxBJDon2P">https://t.co/iPxBJDon2P</a></p>
<p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1842000684901892592?ref_src=twsrc%5Etfw">October 4, 2024</a></p>
</blockquote>

<p>Additionally, Sui announced it has become the first Layer-1 project to implement SCION, currently in testnet, which is a superior alternative to the current routing and forwarding protocols of the internet. This advancement is anticipated to enhance Sui’s security and resilience.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="13.351851851852">
<p lang="en" dir="ltr">Sui is the first Layer-1 project utilizing SCION (now in Testnet), a robust alternative to current Internet routing protocols, boosting Sui's security and resilience.</p>
<p>SCION safeguards Sui validators against a variety of potential attacks…</p>
<p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1841968585578840299?ref_src=twsrc%5Etfw">October 3, 2024</a></p>
</blockquote>

<p>Despite this progress, the project faced a setback, losing traction after a rise during a bearish market, leading to a decline to $1.60. It has since been oscillating between this support level and a resistance at $1.70.</p>
<h2>Sui Price Forecast</h2>
<p>Although the drop in SUI’s price was sharp and significant, there are signs of a recovery on the horizon, as the recent dip coincided with the waning bearish sentiment. The market is gradually trending upwards on hourly and daily charts, with Bitcoin seeing a 0.53% increase over the last 24 hours.</p>
<p>SUI is now testing the resistance at $1.70, and while a breakout may require additional time, the token’s Bollinger bands have markedly narrowed, indicating a fluctuation between the upper band and the mid-level between the bands over the past six hours.</p>
<p>This trend suggests an ongoing battle between bulls and bears, with an overall bullish outlook on price performance.</p>
<p><picture decoding="async" class="aligncenter size-full wp-image-583586">
<source type="image/webp" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction.png.webp 1794w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-300x151.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1024x514.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-768x386.png.webp 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1536x771.png.webp 1536w" srcset="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201794%20901'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 1794px) 100vw, 1794px"/>
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201794%20901'%3E%3C/svg%3E" alt="Sui Price Prediction" width="1794" height="901" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1024x514.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-768x386.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1536x771.png 1536w" data-lazy-sizes="(max-width: 1794px) 100vw, 1794px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction.png"/>
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<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction.png.webp 1794w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-300x151.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1024x514.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-768x386.png.webp 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1536x771.png.webp 1536w" sizes="(max-width: 1794px) 100vw, 1794px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction.png" alt="Sui Price Prediction" width="1794" height="901" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1024x514.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-768x386.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Sui-Price-Prediction-1536x771.png 1536w" sizes="(max-width: 1794px) 100vw, 1794px"/>
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<p>A similar trend has been observed in the project’s Relative Strength Index (RSI), which has oscillated between the overbought and neutral zones, moving from levels of 50 to 70 and back multiple times over the last six hours.</p>
<p>This pattern indicates that traders are reluctant to fully commit, often selling as soon as the RSI hits the critical 70 mark, which signifies the overbought zone. In essence, investor confidence remains subdued, with participants fully aware of the risks, yet they are leveraging current volatility for quick, small profits.</p>
<p>If the bulls gain traction in the broader market, SUI is likely to follow, especially with the primary factors influencing its price action appearing to have stabilized for now.</p>
<h2>A Promising Alternative to Sui</h2>
<p>Investors in search of alternatives may consider Crypto All-Stars (STARS). This project goes beyond being just a meme coin, as it aims to revolutionize the process of meme coin staking.</p>
<p>The token has introduced an innovative type of smart contract for staking, allowing users to stake multiple cryptocurrencies—all of which are prominent meme coins.</p>
<p><picture decoding="async" class="aligncenter size-full wp-image-582892">
<source type="image/webp" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet.png.webp 720w, https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet-274x300.png.webp 274w" srcset="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20720%20787'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 720px) 100vw, 720px"/>
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20720%20787'%3E%3C/svg%3E" alt="" width="720" height="787" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet.png 720w, https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet-274x300.png 274w" data-lazy-sizes="(max-width: 720px) 100vw, 720px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet.png"/>
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<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet.png" alt="" width="720" height="787" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet.png 720w, https://insidebitcoins.com/wp-content/uploads/2024/10/Crypto-All-Stars-tweet-274x300.png 274w" sizes="(max-width: 720px) 100vw, 720px"/>
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<p>This not only facilitates multi-crypto staking from a single platform but also emphasizes the meme coin sector, fostering growth with new sector-wide utility.</p>
<p>It's an ideal choice for investors holding extensive meme coin portfolios, consolidating staking operations in one location. Users can stake DOGE, BRETT, TURBO, PEPE, FLOKI, and many others through the platform.</p>
<p>The project aims to establish itself as the hub of meme coin staking, and its potential is evidenced by its presale, which has already raised over $1.97 million.</p>
<p>ClayBro, a YouTuber with more than 130,000 subscribers, recommends that investors "definitely take a look at this one."</p>
<noscript></noscript>
<p>The STARS token is priced at $0.0014828 and can be purchased using ETH, USDT, BNB, FLOKI, SHIB, DOGE, PEPE, or via credit/debit card. Purchase before the imminent price increase in less than three days for the best rate.</p>
<p>Check out the official STARS website here.</p>
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