Investors in altcoins have been talking a lot about Sui (SUI), especially now that its price has increased significantly and has gained positive momentum. Sui (SUI) has gained popularity fast by introducing its stablecoin, AUSD, and its function in promoting DeFi actions on the platform.
Why Does SUI Move Beyond The 1.0000 Level?
SUI showed significant upside pressure and reached the psychological level of 1.0000. The primary driver of the spike was the introduction of AUSD, Sui (SUI)'s native currency, which intends to improve the blockchain's DeFi activities. AUSD's addition of greater liquidity to the Sui (SUI) system has strengthened Sui's (SUI) standing as a major participant in the decentralized financial market.
Furthermore, some ETH buyers are searching for other assets that will yield returns more quickly because Ethereum is finding it difficult to break through the $2,400 barrier. Sui has similar prospects, particularly as Sui gets closer to important resistance levels.
