Chain News Daily Official TheBitTimes.com

The circulating supply of SUI tokens will grow by nearly 15% by the end of 2023. The price of Sui (SUI) has dropped sharply after its market debut across leading cryptocurrency exchanges. On May 5, SUI price was $1.26 per token, down about 70% from its record high of around $4, established two days ago on Binance. Interestingly, on other exchanges like Kraken, the token's market top was $1.60 or lower, suggesting it was in "price discovery" mode after the launch. SUI/USD daily price chart. Source: TradingView Still, SUI maintains its overall market gains, up nearly 1,200% from its market debut. Early SUI price fundamentals SUI's initial uptrend draws support from traders who view Sui — a new entry into the long list of layer-one blockchain projects — as potentially more scalable than its rivals. Mysten Labs, Sui's original contributor, asserts that it will become the first internet-scale programmable blockchain platform thanks to its claims of processing about 3...

GRT has turned technically overbought, but its long-term potential remains skewed to the upside thanks to healthy network fundamentals. The Graph (GRT) price slipped on Feb. 8 alongside a broader correction across the top crypto assets. GRT price skyrockets with other data management tokens GRT’s price plunged nearly 14.5% intraday to $0.18, showing signs of short-term upside exhaustion after rising over 200% earlier in the year. At its sessional high, the token was changing hands for $0.23 on Feb. 7, its highest level in nine months GRT/USD daily price chart. Source: TradingView Buying flocked to the GRT market amid a relatively stronger risk-on mood, led by the United States Federal Reserve’s slower interest rate hikes and a strong recovery witnessed in the Bitcoin (BTC) market, which typically influences altcoins into tailing the trend. The GRT price rally also accompanied similar gains across data management platform tokens. This sector’s market capitalization doubled so far in ...