Daily crypto opportunities: Why to watch on $SUI, $ALGO, and the Guild

Published by

Tanja Nechet

10 months ago

Wednesday is a great day to hunt for new ideas and useful information. So, here we go!

Opportunity 🔔 1: SUI is gaining momentum

The number of daily transactions in the Sui Network has reached an all-time high, and the number of active SUI addresses has exceeded 1 million (indicating rapid growth of the network). Experts also emphasize that most of the network’s growth came from the network game Sui 8192, which is rapidly gaining popularity and an audience.
On exchanges in South Korea, where the population is traditionally heavily involved in crypto trading, XRP, SUI, and GMT were in the top 3. Upbit’s popularity ranking is often referred to as the world’s hype top, due to the Koreans’ commitment to the loudest and most dynamic projects.
According to SUI’s updated development schedule, there are no major unlocks planned until mid-2024.

All three news stories show the positive development momentum of SUI, which has certainly become one of the loudest hits of 2023. As a reminder, SUI is leading the top token sales for Q2 2023 (based on current ROI):

Opportunity 🔔 2: Will Algorand ($ALGO) surge again?

ALGO is in a downtrend. The only good news is that the token has not updated its lows for a month already. There is hope that the accumulation stage of long positions has started, which may last for more than one week. Analysts at P_S_trade believe that it is rather risky to take ALGO into the portfolio at the expense of own funds, as we don’t see the strength of buyers and the “desire” of the token to grow.

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The first ray of hope for ALGO holders may be the breakthrough of the trend line and consolidation above the level of $0.15. In this case, there will be a chance for a continuation of growth to $0.20 and $0.26.

Opportunity 🔔 3: The Guild does not abandon its own

Guild.xyz is the infrastructure for platformless access management. Airdrop by Guild

On July 17, the project will have the first season of its Guild Pin Minecraft event end. Guild Pin’s Holders Snapshot also went live on July 17. In the announcement, the developers didn’t say what the holders would get for it. So what can Guilds give away? They definitely said it’s not a token. It is likely an NFT collection, which will give different plushies to holders in the form of early access to the protocols with which the Guild cooperates. The faster the Pin is tokenized, the more points are given.

List of guilds with a Guild Pin (1 Pin = 1 MATIC):