SUI and Dogecoin holders invest in a DeFi coin that’s getting popular faster than expected.

Over the past few months, SUI has established itself as a great DeFi coin. However, there’s a new project that can take its title, offering a promising DeFi coin with massive utility. This new altcoin is gaining popularity pretty quickly, as its presale funding has crossed the $10 million milestone.

Moreover, crypto watchers suggest the new DeFi coin’s huge potential can also outdo Dogecoin (DOGE) soon.

SUI’s price soars as more people borrow money to trade

SUI is doing well right now. This isn’t just regarding its price movements; the project has seen a huge increase in usage. That’s because more and more people are using SUI to borrow money for trading. Because of this, SUI’s TVL reached $1.8 billion.

This also drove SUI’s price to rise above $4.70. With that in mind, experts say SUI will surge in the next DeFi rally. They see its price increasing by two to three times in a few months.

Dogecoin exits the overbought territory

Dogecoin did well after the US elections, with its price increasing by over 120%. However, after a while, DOGE’s price dipped. This was an expected move, as Dogecoin investors took profits after the rally. There was also a market-wide dip that pushed DOGE’s price further down.

However, Dogecoin is recovering now. Its technical indicators show that it is no longer overbought. This means that investors are now more inclined to buy DOGE again. 

Experts say that this will push DOGE’s price up. They see the price increasing by at least 100% next year. They say DOGE’s price won’t rise by a lot because DeFi coin p

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