SUI Price Surges 70% in a Week, Fuels Speculation of a Move Towards $10

• SUI has surged a substantial 70% in the past seven days.
• The TVL of Sui Network has risen to $1.383 billion as well.
• SUI RSI reads a value of 78, confirming that the altcoin is overbought.

SUI, the native token of layer-1 blockchain Sui Network, has surged 70% in the past week and continues to reach new highs, outperforming most altcoins in recent months. Currently the 14th-largest cryptocurrency by market capitalization, SUI has become a lucrative investment.

According to the data from CoinMarketCap, SUI is trading at $3.15, up 9.87% in the past 24 hours and 56.35% in the past 30 days. The altcoin has surged a massive 441.76% since November 2023 while its market cap rose from $584 million to $8.96 billion at the time of publication, showcasing potential for immense growth. 

Around one hour ago, SUI made a new all-time high at $3.28 and is currently trading at a discount of 3.54% from it. The blockchain protocol’s total value locked (TVL) has also been on the rise, according to DefiLlama data. The value of SUI’s TVL rose from $133 million on November 11 last year to $1.383 billion at the time of writing. 

Meanwhile, Scallop (SCA), a lending protocol…

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