SUI Faces Potential Crash as DeFi TVL Takes a Hit
Sui’s price rebounded alongside other altcoins after facing a sharp decline post the hawkish Federal Reserve interest rate decision. It emerged as one of the best-performing cryptocurrencies of the year with a remarkable 440% increase.
However, this recovery may be short-lived if trends indicate a potential market correction. Investors must pay attention to Total Value Locked (TVL) in DeFi and how it impacts price movements across cryptocurrencies.
Continuing to monitor these market shifts is essential for determining the stability of Sui and its future growth prospects, as well as the broader implications for the DeFi landscape.
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