In one day, Sui's blockchain processed a record number of transactions (298 million), demonstrating its growing adoption, especially in DeFi - and gaming applications. On November 22, the blockchain also generated more than 9 million blocks.
The surge in activity correlated with a steady rise in price to $3,46, supported by strong RSI and OBV trends indicating consistent accumulation.
Renowned analyst Raoul Pal has singled out SUI as a key player in a potential “banana rally,” predicting rapid growth alongside the meme token Dogecoin (DOGE).
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While such a significant rise in the token is certainly promising, maintaining this momentum appears problematic. The overall cryptocurrency market remains volatile, and macroeconomic factors could dampen bullish trends.
On the one hand, the scalability and efficiency of the blockchain with the Proof-of-Stake Sui consensus algorithm make it attractive to institutional investors and allow the project to be positioned as a leader among high-bandwidth networks.
On the other hand, maintaining momentum will require constant upgrades to handle large transaction volumes in the face of competition from an increasingly large network. Solana and time-tested blockchain Ethereum .
