Sui price

Will the U.S. Fed rate cut impact the cryptocurrency market? No? Here's why it will 👇🏼 The U.S. Federal Reserve has cut interest rates by 25 basis points (0.25%) for the first time in four years. While the reduction may seem small, it could positively influence interest rates. WHAT IS A RATE CUT? A rate cut is when a central bank lowers its interest rate, which is usually the policy rate that banks use when they borrow or lend to each other overnight. When the Federal Reserve lowers interest rates, the cost of borrowing money becomes low. Institutions, and individual investors can now take loans at lower interest or refinance existing debt at a cheaper rate. Banks themselves can borrow from one another at a lower cost, so they’re usually more willing to lend out. SO HOW DOES IT CREATE MORE CASHFLOWS FOR THE PEOPLE? When the borrowing cost is reduced, it encourages more room for lending and spending across board. As a result, investors suddenly have more cash available, which might either be from new loans, cheaper credits, or simply because they’re paying less interest on existing debt. By this, the economy will have more liquidity. WHAT WILL INVESTORS DO FOR BETTER PROFIT? At this point, government bonds, savings accounts, and stocks now yield less returns so investors look for places where their money can earn higher returns. That is, since interest rates are lower, investors will tend to search for better yield or profit opportunities for good gains. So the next option for them will be to pivot to crypto assets, especially Bitcoin and altcoins like $ETH, $SUI, $WAL, $BNB, etc. They are riskier but have historically offered higher potential upside. HOW WILL THIS CATAPULT A BULLISH TREND IN CRYPTO PRICE ACTION? With more cash at hand for investors and lower yields in traditional (web2) markets, many investors will be more willing to take on risk for the chance of higher profit because every businessman is profit oriented. As a result, capital will rotate into equities, tech stocks, and cryptocurrencies. This is always witnessed after a rate cut. INSTITUTIONAL PLAYERS BEST BET? Hedge funds can borrow at lower rates to leverage long positions in $BTC and major altcoins. Cheaper personal credit margin or home equity borrowing can indirectly increase small retailers' buying power. And in #Defi, lower rates will spur borrowing in decentralized finance protocols, which boosts on-chain activity and demand for tokens. WHEN DO WE EXPECT TO SEE THE PRICE ACTION ON CHARTS? Although 25 bps (0.2%) isn't much, I expect to see all the factors mentioned above playing out. Following the rate cut yesterday the crypto market has grew by 1% as reported by @CryptoRank_io Many crypto enthusiasts think the effect should be immediate, like we should see a 100% pump by now 😅. But no, it's a gradual process following the metrics I discussed earlier. Which #ALT are you bidding on?

I bet @overtake_world is the next dark horse of game assets in the Sui ecosystem, and today my friend called me to get on the bus$TAKE I scoffed! But I was particularly entangled in my fear that after a while, my friends would take the position to show off,,, and I would double it, but I called you, and after thinking about it again and again, I decided to follow the car! Key technical points: It is currently within an ascending channel, and the price is bouncing off near the support line. The main support level is near $0.23, which has been tested firm multiple times The main resistance level is at $0.226, and a break could be further bullish. Recently, a bullish order block (buy order area) has formed, indicating that the buyer is strong MACD shows that the bull momentum is still there, the RSI is not overbought, and there is still room for a rebound in the short term. In addition, turn over its bottom Behind it are platforms such as PlayerAuctions and ItemBay, with 30 million players and a transaction volume of 700 million US dollars a year, especially ItemBay's community in South Korea is quite stable, coupled with Upbit's expectations (Upbit was not bad on Haedal before), which means that there is a user base as soon as it comes up Choosing the Sui chain is also the right way, Web3 games are afraid of lagging Sui's high TPS just solved, and it can also pull in 55 billion US dollars of game assets in Web2, so that players can really hold their own equipment accounts $TAKE Token Usage: Includes trading incentives, governance, and ecological integration Overall view: TAKE has a short-term trend, the price is expected to continue to rise, and at the same time, there is traffic, technology, and then get on the car, just wait patiently

Kumo has entered SuiFoundry 🐾 @firstmovers_ The clumsy kat is HYPED to vibe with the crew this Sunday! Stay tuned for more updates! 👀 @SuiNetwork @Mysten_Labs @SuiFoundation