The Sui (SUI) price has been the subject of much discussion after a 36% run-up in as many days, while Bitcoin was set back by 2%. A token unlock on the horizon for November is enough to have traders paying close attention.<\/p>\n
Along with other top altcoins, Sui has been one of the better performers recently. The fact that it has gained 36% in the last month is all the more notable given the 2% drop in the premier cryptocurrency over the same period. The Altcoin Buzz channel attributes this to Sui\u2019s resilience in a market where stagnation or worse has affected most assets.<\/p>\n
There is also the matter of early November and the 23 million SUI tokens due to be unlocked. Altcoin Buzz has pointed out the downside: an influx of that magnitude into circulation can be a drag on the price. Investors are treading carefully; large unlocks often bring volatility and selling in the short term, and some believe that Sui will retrace once the event is over.<\/p>\n
For those new to crypto, what Sui has done recently is a case study in how an altcoin can chart its own course and outperform Bitcoin even in a weak market. It is also a lesson in the risks of tokenomics and the impact of planned releases. One should not invest without understanding these factors, says Altcoin Buzz, as a shock to supply can quickly change the landscape.<\/p>\n
This article reflects the channel author\u2019s opinion and is not investment advice.<\/em><\/p>\n Every call by Altcoin Buzz and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 Altcoin Buzz: https:\/\/www.youtube.com\/watch?v=LkCyGmzcJmc<\/a><\/em><\/p>\n <\/p>\n Stay ahead of market risks by practicing your SUI trading strategies risk-free with our trading simulator. Practice trading SUI<\/a>.<\/p>\n <\/p>\n