Analyst Predicts 209% Surge for Sui Network (SUI) Token

• Captain Faibik predicts a significant bullish potential for the Sui Network (SUI) token based on recent chart patterns.
• Sui Network announces AUSD’s Mainnet debut and launches CC FishingStar, enhancing blockchain gaming experiences.

In a recent report, popular crypto analyst Captain Faibik highlighted the Sui Network (SUI) token’s significant bullish potential.

His observations follow a noticeable rising trend in the token’s performance over the last ten days. According to the chart Faibik posted, SUI has broken out of a falling wedge pattern.

This pattern is similar to that observed in mid-October 2023, when the price of the SUI token increased by more than 350%. This time, Faibik anticipates a significant gain of around 209%, potentially exceeding the last swing high.

The SUI token is currently trading at around $0.8468, having fallen by 2.56% over the last 24 hours after rising by more than 12% in the previous seven days. Recent advancements within SUI’s ecosystem support this bullish sentiment.

Sui Network Announces AUSD Mainnet Integration and Non-EVM Expansion

Notably, Sui Network just announced the addition of AUSD to its mainnet. This is Agora’s first foray into a non-EVM ecosystem, allowing it to print fiat and accept other stablecoins through its OTC partners. Surprisingly, the first $35 million in funding for this endeavor came from other stablecoins.

We're excited that AUSD will be live on Mainnet soon, marking the first time @AgoraDollar will expand into a non-EVM ecosystem.

Learn more about what Agora has been up to recently and why they're different from other stablecoins in the market today https://t.co/hedAr2BfS7

— Sui (@SuiNetwork) July 18, 2024

Previously, we also announced that customers of Zero Hash, a major crypto and stablecoin infrastructure platform, can now enable the SUI token. Zero Hash’s PI and SDK products make it easy to integrate blockchain technology, such as Sui, into a variety of corporate operations.

CNF also highlighted Sui Network’s debut of CC FishingStar, a blockchain game that promises to improve the gaming experience with rapid transactions and dynamic NFTs. Sui’s game, which combines the thrill of fishing with the distinctive advantages of blockchain technology, promises to deliver an immersive experience.