- The SUI token is quickly recovering from the weekend crypto market crash.
- Other assets, including Bitcoin and Ethereum, slid in price amid the downturn.
- SUI’s gains mirror the present broader performance of most assets.
The crypto industry and volatility are synonymous, evidenced by the frequent ups and downs witnessed across the price performance of most assets. However, this contrasting performance often hits new peaks, which was the case over the last weekend, when heating geopolitical tensions drove market prices to new lows.
Unspared from the downturn, SUI, the native token of the DeFi protocol focused on digital ownership, fell sharply to a new week-low. However, the new week has given most assets a fresh start of gains, and SUI is vying for a leading spot.
SUI Rebounds Post-Crypto Market Crash
Presently trading at $1.29, the native token has experienced an approximate 13% uptick in the last 24 hours, positioned as one of the top performers in the ongoing crypto market rebound.
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The performance improvement follows SUI’s approximate 60% decline from its trading price of $1.5062 to a week-low price of $0.9426, echoing the border damage across the market.
However, despite the recent increase in price, the native token remains below its all-time high price, which it achieved nearly a month ago. At press time, the token’s trading price marks an approximate 40.83% fall from its $2.18 record high, underscoring a significant retracement from its once-bullish price pattern.
SUI’s price increase is not isolated; the resurgence of positive sentiment across the industry fuels it.
Crypto Market Fuels Recovery Hope
According to the trading data of various assets on Monday, April 15, the widespread green uptick across the crypto market fuels optimism for all assets to fully recover their losses.
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Both Bitcoin (BTC) and Ethereum (ETH) have surged approximately 5.81% and 7.84% over the last two days, mounting healthy gains in recovery from their respective lows of $61,593 and $2,926. Joining the ranks with impressive gains are Cardano (ADA) and Solana (SOL) notching impressive double digit gains at 21% and 16%, respectively.
The upward momentum has also ticked fair gains across memes coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), each recording gains within the 2% range in the last 24 hours.”
Here’s another token leading the crypto market rebound. Find out which it is:
NEO Leads Crypto Market Bounce Post-Weekend Crash
The recent Curve DAO crash has spelled lending position liquidation risk for CEO Egorov:
Crypto Crash Puts Curve DAO CEO at Risk of Liquidation
