DeFI News by Thebittimes.Com

A widely followed crypto analyst says that layer-1 blockchain Sui (SUI) is gearing up for a massive breakout to fresh all-time highs. In a new thread, pseudonymous crypto trader Kaleo tells his 703,900 followers on the social media platform X that SUI is suddenly presenting a major buying opportunity. He says that the recent $223 million hack of the Cetus Protocol, a decentralized exchange (DEX) operating on the Sui network, caused SUI’s value to decline, but ultimately gave bulls a chance to position themselves for the next leg up. “Remember last cycle how many times SOL was declared dead because it went down? Every single time the FUD (fear, uncertainty and doubt) was bought, and it came back stronger. I think the recent CETUS exploit gave an amazing opportunity for a dip to stack more SUI. CETUS is officially back with a recovery plan for affected pools. There’s also a plan in place for token compensation for affected users. If anything, the ...

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A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger. Pseudonymous analyst The Crypto Dog tells his 829,200 followers on the social media platform X that layer-1 chain Sui (SUI) may be poised to witness huge bursts to the upside after printing a new all-time high (ATH). With blue skies ahead for SUI, the trader thinks it is within the realm of possibility for the altcoin to go vertical. “We gonna see a proper parabolic ATH break run?”  Source: The Crypto Dog/X At time of writing, SUI is worth $2.32 slightly below its new all-time high recorded just hours ago. Turning to the memecoin Pepe (PEPE), the trader thinks it is gearing up to take out its diagonal resistance and spark a new leg up. “PEPE wants to start something.”  Source: The Crypto Dog/X At time of writing, PEPE is trading at $0.00000962, still below the analyst’s diagonal resistance. Looking at fellow ...