Sui Is Rocketing Higher Today: The 1 Catalyst Driving Its 8% Surge

With many investors now viewing certain key developments this week (namely, the Bank of Japan interest rate hike and recent jobs and inflation data releases in the U.S.) as clearing events, the stage appears to be set for another Santa Claus rally into year-end. That's how things seem to be shaking up to me, at least. Broadly positive price action in numerous higher-risk areas of the market has sent speculative assets higher today, with Sui (CRYPTO: SUI) among the leading winners in today's green crypto market. As of 12:15 p.m. ET, this top-20 cryptocurrency by market capitalization has surged 8.7% since yesterday's low around 4:00 p.m. ET, marking a notable resurgence for investors who have held onto this token during its recent decline.The thing is, it appears to me that there are more than just macro drivers propelling Sui higher today. Here's one key development that came to investors' attention yesterday I think could be driving most of today's move in this layer-1 network. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool