Sui Gains Momentum Overnight, and Tron and Domini Fight for Dominance

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Analysts think Sui ($SUI) may have finally broken out of its bearish trajectory after the token surged in the second week of September 2023. In other news, Tron’s (TRX) founder aims to purchase FTX’s digital assets. Right now, investors say the best crypto to buy is Domini.art($DOMI), aiming to democratize high-end art ownership. Find out how!

Sui Hosts Web3 Security Competition

The Sui network recently announced that it will co-host the MetaTrust Web3 CTF Security Competition alongside MetaTrust Labs. This competition will be held from September 13 to 15. MetaTrust Labs and the Sui network also revealed that the winners will receive $10,000 and 14,000 $SUI tokens as rewards.

This challenge will feature Web3 security experts showcasing their knowledge, talent, and skills in an online security competition. Even though $SUI went on an extended bear run in August, the token recorded a minor price surge after the announcement on September 11.

$SUI traded at $0.4199 on September 11, and the token reached $0.4326 by September 12, gaining 3.03%. Yet, $SUI is down 28.63% from the previous week when it sold for $0.6082. Analysts say $SUI may not be the best crypto to invest in right now due to investor apathy, and the token may remain bearish through Q3 2023.

Tron Founder Makes Another Controversial Move

On September 11, 2023, the founder of Tron, Justin Sun, said he is “contemplating an offer for FTX’s holding tokens and assets.” The Tron founder said this move will help reduce the FTX assets’ selling impact on the crypto community.

According to court documents, FTX has approximately $3.4 billion worth of crypto assets, including $560 million in $BTC, $192 million in $ETH, and $1.2 billion in $SOL, along with other top altcoins. A massive one-time sell-off could weaken the crypto market for weeks, and the Tron founder says his actions could prevent that outcome.

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Author: Crypto Daily

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