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MainNewsSUI Price Su...

SUI Price Surge amid Market Downturn - What's Next?


Jan, 10, 2025
2 min read
by Rudy Fares
for CryptoTicker
SUI Price Surge amid Market Downturn - What's Next?

The SUI token has demonstrated remarkable resilience, reaching an all-time high (ATH) of $5.35 on January 6, 2025. Over the past 24 hours, it has risen by +10%, reaching a current price of $5.10, despite a broader market downtrend affecting most major cryptocurrencies. This weekly gain of +18% highlights SUI's ability to defy market trends and maintain its bullish trajectory. Here is a breakdown of SUI's performance over the past months leading to this day with a brief SUI price prediction and future outlook of what lies ahead for this top-performing token.

By TradingView - Performance Overview
By TradingView - Performance Overview

1- SUI Ranks Climb: From Rank 21 to Top 12 in Three Months

SUI market performance has propelled it from 21st to 12th place in just three months. During this period, the token transitioned from struggling to surpass $1.83 to consistently trading above $5, with a market cap of $15.34 billion.

This rise has led to discussions about whether SUI can break into the top 10 cryptocurrencies. If the current momentum continues, SUI’s potential to reach $10 could further solidify its market position.

By TradingView - SUIUSD_2025-01-10 (1D)
By TradingView - SUIUSD_2025-01-10 (1D)

2- SUI Price Surge: Outperforming Amid Market Downturn

SUI’s ascent comes at a time when the broader cryptocurrency market faces challenges. The global market cap has declined by over 3.3% in the last 24 hours, with leading assets like Bitcoin retreating from recent highs. This downtrend has affected most major tokens, yet SUI has secured an 18% gain on this difficult week for the crypto market, maintaining its gains records of 148% in the past three months and 572% in the last six months, and by that underscoring its resilience and investor confidence.

By TradingView - SUIUSD_2025-01-10 (5D)
By TradingView - SUIUSD_2025-01-10 (5D)

3- SUI Momentum's Key Drivers  

1. Ecosystem Expansion

SUI ecosystem has grown significantly, with its Total Value Locked (TVL) surpassing $2 billion, indicating increased network usage and investor confidence.

2. Advancements in Technology

The adoption of innovations like SCION has enhanced the SUI security and scalability, contributing to its appeal among developers and users.

3. Active Market Participation

Increased trading volumes and whale activity have fueled SUI price movements. Notably, the fear of liquidation risks spurred increased buy-ins, bolstering its price and ensuring its performance even in challenging market conditions.

4- SUI Token Unlock: Risk or Opportunity?

On February 1, 2025, 64.19 million SUI tokens (approximately 2.13% of the circulating supply) are set to be unlocked. Token unlock events often bring volatility, but strong demand could offset potential selling pressure, ensuring price stability or even further growth.

By TradingView - SUIUSD_2025-01-10 (1M)
By TradingView - SUIUSD_2025-01-10 (1M)

5- SUI Price Prediction and Future Outlook

SUI’s consistent growth trajectory, coupled with its ability to outperform during challenging market conditions, positions it as a contender for higher rankings. With year-to-date gains of +24% -in just 10 days- and a six-month growth rate of over +572%, the possibility of surpassing its recent ATH and reaching $10 appears plausible.

By TradingView - SUIUSD_2025-01-10 (1Y)
By TradingView - SUIUSD_2025-01-10 (1Y)

As the SUI token approaches new milestones, questions remain: Will SUI price sustain its momentum, navigate challenges posed by increased liquidity, and secure a spot in the top 10 cryptocurrencies?

Read the article at CryptoTicker

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Vitalik Buterin warns we need decentralized defenses to handle AI risks


Jan, 10, 2025
2 min read
by Oluwapelumi Adejumo
for CryptoSlate
Vitalik Buterin warns we need decentralized defenses to handle AI risks

Ethereum co-founder Vitalik Buterin has raised concerns about the potential dangers of unchecked Artificial Intelligence (AI) programs.

In a Jan. 10 post on X, Buterin warned that improperly managed AI could create self-replicating intelligent entities that pose risks to humanity.

He stated:

“AI done wrong is making new forms of independent self-replicating intelligent life AI done right is mecha suits for the human mind If we do the former without the latter, we risk permanent human disempowerment. If we do the latter, flourishing superinteligent human civilization.”

He explained that while some AI systems, such as chatbots designed to improve user interfaces, are beneficial, others could lead to significant risks. Specifically, AI agents that function autonomously for extended periods might eventually challenge human control and disempower society.

To mitigate these risks, Buterin proposed focusing on AI systems that complement human intelligence, transforming them into tools that amplify collective capabilities instead of replacing them.

According to him, such an approach would transform AI into a powerful tool for enhancing human capabilities while avoiding unnecessary risks.

d/Acc

A major part of his strategy involves the concept of Decentralized and Democratic Differential Defensive Acceleration (d/Acc). This approach emphasizes the development of decentralized tools to address emerging AI-related threats.

Buterin elaborated on this idea in a recent blog post, describing d/Acc as a framework designed to decentralize defensive technologies. The goal is to empower individuals and communities to protect themselves from potential dangers posed by rapid AI advancements.

This strategy enables a more democratic distribution of technological power by putting defensive capabilities in the hands of communities. For example, decentralized systems could monitor, counteract, or even neutralize harmful AI activities without relying on top-down control from governments or corporations.

Buterin explained that d/Acc could serve as a safeguard in scenarios where AI technologies advance unpredictably. Moreover, the democratization of defense ensures that no single entity can dominate or exploit the potential of advanced AI, fostering a more balanced and resilient technological ecosystem.

The Ethereum co-founder also emphasized developers’ ethical responsibilities in this fast-evolving field. He argued that decentralized approaches like d/Acc enhance collective safety and encourage transparency and collaboration in AI development.

Buterin wrote:

“One idea that is very d/acc friendly is to put liability on owners or operators of any equipment that an AI takes over (eg. by hacking) in the process of executing some catastrophically harmful action. This would create a very broad incentive to do the hard work to make the world’s (especially computing and bio) infrastructure as secure as possible.”

The post Vitalik Buterin warns we need decentralized defenses to handle AI risks appeared first on CryptoSlate.

Read the article at CryptoSlate

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