Sui tanks 14 % in 7 days
Sui tanks 14 % in 7 days
The complaint of the SEC against Binance and Coinbase remains the overarching narrative of the cryptom market. Since extreme declining forces are involved, SUI prices have fallen over 14 % in the past week and 44 % in 30 days.
SUI recorded an enormous increase in 2,000 %when listing in May after the advance sale, but despite an upcoming large network upgrade, the token will probably have problems all June.
On the other hand, two new crypto sales tokens-Wall Street Memes and Ecoterra-have appeared with upward dynamics in the past few weeks, as dealers are trying to secure themselves against the bear market.SUI cannot ward off crypto bears, in June further sales pressure is expected
The Sui Blockchain, whose name is derived from the Japanese word for water, is very popular due to its flexible architecture and scalability. The proof-of-stake blockchain is characterized by faster transaction speeds and low costs. However, the SUI token is doing a difficult phase because the extreme baisse pushes its price down.
At the beginning of the week, Sui recorded a strong increase when the network announced its latest SIP 6 proposal. The proposal enables liquid stake and enables developers to develop corresponding functions. Liquid Staking is one of the most attractive features of the tokenomic of every tokens.
However,the token finally gave in under the strong downward pressure, which was created by the complaint of the SEC against Binance and Coinbase. Although the token was not expressly mentioned in the lawsuit, it crashed by 14 % last week. The downward movement continues because the token has been corrected by another 5 % in the last 24 hours.
Since SEC chairman Gary Gensler has said several times that Bitcoin is the only token that he can call it goods, a token like SUI must be on alert. Crypto-assets, which are proven to be securities, often have to deal with overwhelming regulations that make them less attractive.
SUI could also be confronted with difficulties by the global economy. While the Federal Reserve announced that it would not initially make any further interest rate increases, she mentioned that two further interest rate increases can be expected this year alone. Such a restrictive attitude can lead to an extreme baisse for the token.
The analysis of the token shows that investors may have to expect further price declines in June. TradingView gives SUI a strong sales signal in the daily time frame, with the token with 7 out of 8 important indicators for the moving average.
could Wall Street memes be the next big crypto advance sale after collecting $ 7?
The Wall Street Memes token has developed into one of the most attractive purchases on the cryptom market. Since other meme tokens like Dogecoin and Shiba Inu have problems, investors flock to WSM.
After its introduction on May 26 of this year, the token collected over $ 7 million in less than three weeks. Since the token adds $ 350,000 to its total value every day, it will not be long before it reaches the $ 10 million mark.
The success of the token is not surprising in view of the incredible track record of the Wall Street Memes Group. It achieved worldwide celebrity during the historic Gamestop-Short Squeeze in 2021 when a group of small internet dealers took over and won the power of wealthy institutions.
The group has also built up a strong fan base in the crypto sector. The Wall St Bulls NFT collection was sold out within 32 minutes and made a profit of $ 2.5 million. Inspired by success, the group recently launched its own Bitcoin Ordinal NFTS.
investors are also attracted to the token-controlled tokenomics of the token. The entire WSM offer is available to the community, 50 % of which are available during advance. In addition, 30 % of the tokens are used for cool community rewards.
5 happy degenies will also win WSM token worth $ 10,000 by an incredibly generous Airdrop.
Investors can become part of this revolutionary movement by buying WSM tokens via bank cards or exchanging ETH or USDT tokens. Numerous crypto dealers have speculated that it could be the next big meme.
Visit the pre -sale of Wall Street Meems
The new green token Ecoterra is also booming with a pre-sale of over 5 million US dollars
Since investors are becoming increasingly environmentally conscious, the demand for environmentally friendly tokens increases. The newly introduced Ecotra token dominates this demand because the token has collected over $ 5.1 million within a few weeks.
The Recycle2earn project offers individuals and companies an incentive to contribute their part against climate change. For example, companies can earn an environmentally friendly reputation by simply buying recycled products at an affordable price on the marketplace for recycled Ecoterra products. On the other hand, individuals receive an appropriate amount of ecotra tokens for recycling of waste products via the recycle2earn application from Ecoterra.
This supply and the demand for recycled products create a sustainable circular economy. The Carbon Offsets Marketplace from Ecoterra enables individuals and companies to acquire verified CO2 crutches to reduce their emissions and CO2 footprint.
legislators around the world are concerned about the energy consumption of token such as Bitcoin, and some legislators even require a completely ban on cryptocurrencies. Ultimately, projects like Ecoterra can play a crucial role in changing the general perception of the industry.
ecoterra tokens are the standard and reduced payment option for every platform service. While users can also handle their payments with Fiat currency, Bitcoin or USDT, lower transaction fees for Ecotra payments are incurred.
Investors can buy Ecoterra via their bank cards or through the exchange of ETH or USDT tokens.
Visit the Ecotra pre-sale
disclaimer: The above -mentioned article is sponsored content that was written by third parties and is only intended for advertising purposes. There are no opinions or views of cryptopotato again and nothing in it should be interpreted as financial advice. The readers are strongly recommended to check the information independently and carefully. Investments in cryptocurrencies cover the risk of capital loss. The readers are also recommended to consult a specialist before making decisions that may be based on the above -mentioned sponsored content or not.
The reader is also recommended to read the complete disclaimer of Cryptopotato.