SUI is increasing by around 25 percent in the last seven days. The price is currently over $5. Furthermore, SUI was recently able to overtake LINK and TON. Shiba Inu has also significantly surpassed SUI in terms of market capitalization. But things aren’t just going well for the native coin of the Layer 1 blockchain of the same name in terms of price. There are also further fundamental successes. Sui is currently reaching a new milestone in the important metric “Total Value Locked”. What’s behind it?
TVL rises above $2 billion
The Sui Network has recently achieved several milestones, with the Total Value Locked (TVL) successively surpassing the $1.8 billion and $1.9 billion levels and now exceeding $2 billion. Ergo, growth is clearly intact.
TVL is a crucial indicator of capital locked in DeFi protocols and reflects investor confidence. An increasing TVL indicates growing liquidity and usage on the network, making the ecosystem more attractive for developers and new projects. This increase at the beginning of the year could put the Sui Network in a stronger competitive position.
BREAKING
What a way to start the new year!
pic.twitter.com/QfElJf8NFV
— Sui (@SuiNetwork) January 4, 2025
Meanwhile, the following analyst MartyParty is also extremely bullish on SUI. First of all, he also emphasizes that SUI has overtaken the market capitalization of TON and LINK and expects AVAX, TRX and ADA to be flipped soon. The expert argues from a technological perspective. Only Solana and the SuiNetwork are suitable for the technology necessary for “Internet 2.0”, which requires a minimum transaction speed of 50,000 transactions per second (TPS). According to MartyParty, networks without this capability will be abandoned by users in the long term. He also criticizes the security of TON, the viability of BNB and the long-term relevance of XRP and XLM. Only Solana and SUI can offer the infrastructure for the future of the Internet – consequently, the race to catch up for SUI could continue and a place in the top 5 could be expected in the medium term.
$SUI passes $TON and $LINK as I said now at #12.
Next up will be $AVAXthen $TRX and $ADA.
Only @solana and @SuiNetwork have internet 2.0 technology.
IMO: Move everything else into these 2, the rest are way behind and will drop off as we move to internet 2 in 2025 where 50000… pic.twitter.com/Dri3IeGG7q
— MartyParty (@martypartymusic) January 4, 2025
The recent relative strength observed in SUI suggests strong momentum. Relative strength describes an asset’s ability to perform better compared to the overall market or a benchmark. Since strong assets tend to attract further capital, the likelihood of a sustained upward move increases. This is entirely in line with trend following theory. This assumes that trends often continue.
Crypto Tip: Flockerz Rises to $8.8 Million – Make Money with Vote-to-Earn
In a crypto bull cycle, smaller projects often attract interest because they promise higher potential returns compared to established cryptocurrencies. These projects primarily appeal to risk-taking investors who hope for above-average price gains. A current example of such an investment opportunity is the Flockerz (FLOCK) project, which is attracting attention with its innovative concept. With around 8.8 million US dollars in the presale, there is a high response in the community.
Flockerz explicitly focuses on solving key vulnerabilities of the crypto market through a decentralized model. Many centralized platforms are repeatedly suspected of being vulnerable to fraud and manipulation. Flockerz therefore follows a decentralized approach in which the community plays a key role. Decision-making processes are controlled by token holders, increasing transparency and reducing the risk of questionable projects. A crucial aspect of the project is the strong involvement of the community. This is actively integrated into the control and rewarded through an innovative concept. This means Flockerz stands out clearly from classic meme coins and positions itself as a serious project with long-term goals.
What is particularly exciting here is the so-called “vote-to-earn” model, in which active participation is rewarded with token rewards. This system not only creates an incentive for greater participation, but also a financial benefit for the community. The decentralized control takes place via its own DAO called “Flocktopia”, which forms the basis for all voting processes.
The presale of the FLOCK token ends in mid-January. Until then, interested investors have the opportunity to get in early and purchase the tokens via ETH, USDT or BNB.
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