Sui's Value Surges 10% Following White House Tariff Pause

Sui, a cryptocurrency with strong fundamentals, has seen a significant surge in value following the White House's announcement of a 90-day pause on higher tariff rates for most nations, excluding China. This pause has led to a 10% increase in Sui's value, bringing it to $2.13. Despite this recent gain, Sui has still experienced a 7% decrease over the past week and a 23% drop over the past fortnight. However, the coin maintains an annual return of 37%, and its 24-hour trading volume has spiked to $1.9 billion, indicating a potential for further recovery.

Sui's technical indicators suggest a strong recovery is on the horizon. Its 30-day average is close to a bottom in relation to the 200-day average, implying an upward rebound. Additionally, the coin's relative strength index has been below 50 since the end of January, further supporting the possibility of strong upward movement. The recent pause in tariffs could provide a more stable environment for Sui to thrive, especially if the international trading situation continues to improve.

Sui's network is currently the ninth-largest in terms of total value locked (TVL), at $1.19 billion. The platform has seen several recent launches and integrations, including an ETF application from Canary. These developments, combined with the potential for a market recovery, position Sui to potentially return to $3 by May and reach $4 by the second half of the year. However, the permanence of the tariff pause and the resolution of trade tensions between the US and China will be crucial factors in determining Sui's future performance.

While Sui's price is influenced by broader market conditions, some traders may prefer to explore newer coins that could rally regardless of the overall market sentiment. One such coin is Solaxy (SOLX), which has raised $29.6 million in its sale, making it one of the largest initial coin offerings (ICOs) of the past year. Solaxy is Solana's first fully fledged layer-two network, offering faster transactions, lower fees, and instant bridging between itself and its parent network. Its team plans to add compatibility with other chains over time, making it accessible to a broader audience. SOLX will be necessary to pay transaction fees on the network, and it can also be staked for passive income, potentially driving strong demand for the coin.

Investors interested in Solaxy can still participate in its sale through the Solaxy website, where SOLX is currently selling at $0.00169. However, this price is set to rise, and more price increases are expected before the coin lists. Traders are advised to act quickly to take advantage of the current pricing. The potential for Solaxy to rally, combined with Sui's strong fundamentals and the recent tariff pause, presents an intriguing opportunity for investors in the cryptocurrency market.