SU has increased by 26% in the last 24 hours and is now near the $ 3 mark. The net movement came while the network was shaking months of downward pressure, rallying at the rear of an increase in the wider cryptography market.
This market increase comes in a renewal of optimism surrounding the current trade between the United States and China, President Donald Trump recently suggested that he would reduce the prices on the latter. This optimism has also led to an increase in Bitcoin ETF entrances, reaching nearly a billion dollars this week, as made by Cryptomode.
These words came after the American Treasury Secretary, Scott Bessent, told investors at a JPMorgan event which was closed to the media that the current trade war was not sustainable.
Descactize the trade war, Bessent saidis something that was “in the very close future”. The current rally saw Bitcoin briefly reached $ 95,000 to become the greatest greatest asset by market capitalization, before moving to $ 93,500 at the time of the editorial staff.
However, the figure is well above the level of $ 84,000 given only a week ago. Similarly, the price of suis is considerably increasing compared to $ 2 seen a week ago.
The token rally also arrives on the back of the growing interest in sui -based mecoins. Much of the excitement seems to be focusing on Lofi and Blub, two tokens that have drawn significant attention in recent days.
The ecosystem activity of suis increases
Lofi jumped 143% in a week while Blazon won 70%, attracting traders in the ecosystem. This increase in traffic seems to have fueled the escape of Su suray from a descending chain that has been formed since the end of last year.
Although still down more than half of its summits in January, the token shows renewed signs of activity beyond the speculative price action, because chain measures suggest that the ecosystem is experiencing growth.
According to Artemis Data, the number of daily active addresses on the network increased from around 500,000 in February to almost 1.5 million, while daily transactions now oscillate near the 6 million mark.
