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- This week, the SUI community will host The Great Sui Odyssey #5 to explore Sui’s role in Artificial Intelligence, gaming, and Decentralized Finance.
- This comes after the Blockchain outpaced other altcoins with $11.7 million in weekly inflows, surpassing Solana, Litecoin, and Cardano.
In the past month, SUI, the native token of the three-year-old Sui blockchain, has sprinted up by over 70%, trading around $3.98 today. That meteoric rise has pushed its market cap to about $13 billion, making it the 13th biggest crypto by value.
One SUI fan, Mateo, thinks SUI could double from its January peak and hit $10 before the year ends, while social-media personality Suipiens.Sui has the community weighing in on whether it might even crack $5 this week.
This excitement isn’t just wishful thinking. According to CoinShares’ latest report, SUI led the charge among altcoins, pulling in $11.7 million, enough to eclipse Solana, which saw $3.4 million flow out. Over the past 12 months, Sui has attracted $84 million in fresh capital, nudging past Solana’s $76 million.
Upcoming Great Sui Odyssey
Yesterday, the SUI network announced on its X account that on May 17, Sui and Suci Community are hosting “The Great Sui Odyssey #5” at SuiHub in Vietnam scheduled from 14:00 to 17:00. The Great Sui Odyssey is a 13 week program designed for builders, entrepreneurs, investors, artists, and students to delve into the Sui ecosystem. Participants will navigate six virtual islands, each representing a unique domain, with meetups focused on exploring the treasures within each island. Attendees will have the opportunity to discover and discuss the latest advancements and applications of blockchain technology in these creative sectors.
Meanwhile, in DeFi, Sui’s low transaction fees and composable Move programming language provide a good foundation for scalable and secure financial services. These attributes make Sui an attractive platform for developers, offering speed of up to 297,000 TPS, flexibility, and innovative opportunities across these growing sectors.
The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, indicating potential for the token to surpass its previous all-time high of $5.38 set in the first quarter. Additionally, the Relative Strength Index (RSI) remains elevated, reflecting sustained buying pressure and investor optimism. On-chain, data from defLama reveals that Sui has surpassed $2 billion in Total Value Locked (TVL), and its stablecoins market cap of $885.48 million underscores strong user engagement and capital deployment within the network.
