Sui Coin Sees Significant Gains Amid Rising Market Trends, Surging 13.7% as Index Trades Higher from Thursday
SUI Surges 13.7% as Index Trades Higher from Thursday
Top Performers in the CoinDesk 20 Index
The CoinDesk 20 is currently trading at 2774.43, up 1.5% (+40.48) since 4 p.m. ET on Thursday. Eighteen of 20 assets are trading higher, with Sui (SUI) and Bitcoin Cash (BCH) leading the pack.
Market Leaders
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SUI: Surged 13.7%, marking a significant increase in value.
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BCH: Rose 7.1%, demonstrating strong market momentum.
Sui is a Chinese word that refers to a type of fabric, particularly silk.
It can also mean 'to sew' or 'to join'.
In some contexts, sui is used as a suffix to indicate a particular technique or style in sewing or embroidery.
The term has been used in various forms throughout history, with evidence of its use dating back to the Han Dynasty (206 BCE - 220 CE).
Today, sui remains an important concept in Chinese textiles and traditional crafts.
Laggards
On the other hand, two assets are trading lower:
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POL: Fell by 1.9%.
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ADA: Dropped by 0.5%.
Overview of the CoinDesk 20 Index
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Its performance provides valuable insights into the overall market trends and sentiment.
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