Market
Sui Network Hailed by Cardano’s Charles Hoskinson

Cardano founder Charles Hoskinson has commended the team behind Sui, a fast-rising blockchain network that has recently gained significant traction.
Sui is a Layer-1 blockchain and smart contract platform that launched in 2023. Its goal is to simplify and enhance application development in the Web3 ecosystem. The platform operates on the Move programming language, allowing for parallel transaction processing.
Hoskinson Commends Sui Network’s Progress
On October 4, Charles Hoskinson, the founder of Cardano, praised the SUI network team for their recent performance. He specifically acknowledged the work of George Danezis, Mysten Labs Co-Founder and Chief Scientist, and noted that the network deserves recognition within the crypto space.
“Reading about Sui. It’s good to see George’s work come to life. They deserve great success in the space,” Hoskinson stated.
Hoskinson’s recognition comes as Sui’s growth has captured significant attention in recent weeks. Its native token surged by 118% over the past month, pushing its market cap to $5 billion. The platform also reported a 140% increase in active addresses and a 48% revenue jump compared to August.
Read more: A Guide to the 10 Best Sui (SUI) Wallets in 2024
Sui’s DeFi ecosystem is also expanding, with increasing transaction volumes and a growing number of decentralized applications (dApps). Data from DefiLlama reveals a 40% rise in Sui’s decentralized exchange transaction volume, reaching $872 million in weekly transactions.
Additionally, the total value locked (TVL) on the platform now stands at approximately $1.25 billion, ranking it among the top 10 blockchain networks by TVL.

Market analysts point to memecoin speculation and the introduction of native stablecoins like Circle’s USD Coin as major drivers of this activity. Additionally, the network has attracted institutional interest, with Grayscale recently launching a dedicated crypto investment trust for the project.
Read more: Which Are the Best Altcoins To Invest in October 2024?
These developments have led some observers to suggest that SUI could become a serious competitor to other smart contract-enabled blockchains, such as Solana and Cardano. Asset management firm VanEck highlighted the blockchain network’s unique object-based architecture, which supports higher transaction throughput and lower latency compared to rivals like Solana and Ethereum.
“If we are to segment our investment theses on Layer-1 blockchains, we put Sui in the camp with Solana and Aptos as chains that are leveraging their high-performance characteristics to appeal to Web2 developers,” VanEck stated.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Pi Network (PI) at Risk – Could It Drop Below $1 in March?

Pi Network (PI) is down more than 19% in the last seven days, continuing its correction while trading below $2 since March 1. Selling pressure remains dominant, with indicators like the DMI and CMF signaling further downside risks.
PI’s EMA lines also suggest a potential death cross, which could lead to a deeper decline toward $0.95 if key support levels break. However, if momentum shifts and buyers step in, PI could attempt to reclaim $2 and possibly push toward new all-time highs above $3.
Pi Network DMI Shows Sellers Are Still In Control, Despite The Buying Pressure Yesterday
PI Directional Movement Index (DMI) shows that its Average Directional Index (ADX) has surged to 34.29, up from just 8.97 two days ago.
This sharp increase indicates that the current price trend – whether bullish or bearish – is gaining strength. Given the recent volatility, traders are closely watching whether PI will sustain its momentum or see another shift in trend direction.
ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and above 50 suggesting an extremely strong trend.

Meanwhile, PI’s +DI (positive directional index) is at 11.37, down from 17.7 two days ago but recovering from 7.14 yesterday. This signals weak but slightly improving bullish attempts.
At the same time, -DI (negative directional index) is at 30.57, up from 19.5 two days ago but lower after reaching 46.6 yesterday.
This suggests that while selling pressure remains dominant, bears may be losing some momentum, leaving room for potential stabilization or a short-term bounce.
PI CMF Is Reaching All-Time Lows
Pi Network Chaikin Money Flow (CMF) is currently at -0.19, dropping from 0.03 just a day ago. This sharp decline indicates a significant shift in capital flow, suggesting that selling pressure has increased quickly.
A few hours ago, PI’s CMF reached -0.21, marking its lowest level ever. This highlights the intensity of the recent outflows.

CMF is an indicator that measures the volume-weighted flow of money in and out of an asset, ranging from -1 to 1. Positive values indicate buying pressure, while negative values suggest increasing selling pressure.
With PI’s CMF now at -0.19, close to its all-time low, it signals that sellers are in control, potentially driving the price lower. Unless buying activity returns, PI could remain under pressure, struggling to regain bullish momentum.
Will Pi Network Fall Below $1 In March?
Pi Network price is currently trading between a key resistance at $1.51 and a support level at $1.23, with its EMA lines signaling a bearish trend. A potential death cross may form soon, which could accelerate selling pressure.
If this bearish crossover happens and PI loses the $1.23 support, it could drop further, potentially reaching as low as $0.95.

However, if PI manages to regain an uptrend, it could first test resistance at $1.51, with a breakout opening the door for a move toward $2.
A stronger rally could push PI above $3 for the first time, making new all-time highs, despite recent criticism from the Bybit CEO.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Cardano (ADA) Drops 39% After US Crypto Reserve Listing

Cardano (ADA) is facing intense selling pressure, dropping nearly 10% in the last 24 hours and almost 29% over the past week. Since its inclusion in the U.S. strategic crypto reserve, ADA has fallen 39%, struggling to regain bullish momentum.
Indicators like BBTrend and DMI show that bearish sentiment remains strong, with sellers still in control. If the current downtrend continues, ADA could test key support levels, but a reversal could push it back toward major resistance zones.
ADA BBTrend Shows the Selling Pressure Is Getting Stronger
Cardano BBTrend indicator is currently at -19.52, continuing its decline since yesterday. Earlier this month, from March 5 to March 8, BBTrend remained positive, reaching a peak of 31 on March 6.
This shift from positive to negative territory suggests a weakening bullish trend, with increasing downside pressure on ADA price. Traders are now watching whether this decline continues or if ADA can regain momentum.

BBTrend, or Bollinger Band Trend, is an indicator that measures price trends based on Bollinger Bands. It shows whether an asset is in a strong, bullish, or bearish phase. When BBTrend is positive, it suggests strong upward momentum, while negative values indicate growing selling pressure.
With ADA’s BBTrend now at -19.52, it signals increasing bearish sentiment, suggesting the price could continue declining unless buyers step in. If the downtrend persists, ADA may test key support levels in the coming days.
Cardano DMI Shows Sellers Are Still In Control
Cardano Directional Movement Index (DMI) chart shows that its Average Directional Index (ADX) has risen to 34.5, up from 26.6 yesterday. This increase suggests that ADA’s current trend – whether bullish or bearish – is gaining strength.
Given that ADA is in a downtrend, the rising ADX indicates that selling pressure is intensifying, making it more difficult for the price to reverse in the short term.
ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and above 50 suggesting an extremely strong trend.

Meanwhile, ADA’s +DI (positive directional index) has climbed to 12 from 9.6 yesterday but is slightly down from 13.8 a few hours ago, indicating weak bullish attempts.
At the same time, -DI (negative directional index) is at 29, lower than yesterday’s 32.3 but rising from 25.2 a few hours ago.
This suggests that while sellers still control the trend, some short-term pullbacks are occurring. If -DI remains dominant and ADX continues rising, ADA’s downtrend could extend further.
Will Cardano Fall Below $0.60?
Cardano EMA lines indicate that a potential death cross could form soon, signaling a bearish momentum.
A death cross occurs when a short-term EMA crosses below a longer-term EMA, often leading to increased selling pressure.

If this bearish crossover happens, ADA price could decline further, with the $0.58 support level becoming a key area to watch. A breakdown below this level could trigger even deeper losses.
However, if buyers regain control and ADA can reverse its trend, the price may rise toward the $0.818 resistance level. A breakout above that could open the door for further gains toward $1.02 and even $1.17 if momentum strengthens.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Top 5 Made in USA Cryptos to Watch This Week

Hedera (HBAR), Chainlink (LINK), Aptos (APT), Ondo Finance (ONDO), and Story (IP) are five of the most important Made in USA cryptos to watch this week. While IP has been the best-performing of the group in the last month, it is now undergoing a sharp correction, similar to ONDO, which has dropped over 22% in the past seven days.
Meanwhile, speculation is growing that HBAR and LINK could potentially be included in the U.S. strategic crypto reserve, which could impact their prices. With key support and resistance levels approaching, the coming days will determine whether these coins can regain bullish momentum or face further downside.
Hedera (HBAR)
Hedera is currently among the top 10 largest Made in USA cryptos by market cap, and there is growing speculation that it could be considered for inclusion in the U.S. strategic crypto reserve.
Despite this, HBAR has struggled in the past week, dropping 16.7% as its market cap hovers around $8.8 billion. The recent downturn has raised concerns about whether it can regain bullish momentum or continue facing selling pressure.

If HBAR can establish an uptrend, it could look to test key resistance levels at $0.219 and $0.258, with a stronger rally potentially pushing it toward $0.287. However, if the current price retracement deepens, it may face additional downside risk.
The $0.179 level stands out as a critical support area, where a breakdown could signal further losses. Whether HBAR can recover or extend its decline will depend on its ability to attract renewed buying interest.
Chainlink (LINK)
Chainlink is a dominant force in the oracle sector and has been expanding its presence in real-world assets (RWA), solidifying its importance in blockchain infrastructure.
Its key role in these industries strengthens the case for its potential inclusion in the U.S. strategic crypto reserve, alongside XRP and Solana.

A potential inclusion could push LINK toward key resistance at $15.79, with further upside targeting $17.64 and $19.79 if momentum continues.
However, if market conditions turn bearish, LINK may retest support at $13.45, with the risk of further declines toward $13 or lower.
Aptos (APT)
Aptos has been one of the most hyped new layer-1 blockchains in recent years, and speculation about a potential ETF has fuelled discussions over the past week.
Despite this, APT has struggled, dropping nearly 12% in the last seven days. The recent downturn raises questions about whether it can regain bullish momentum or if further downside is ahead.

If the correction continues, APT could test support at $5.34, with a breakdown potentially sending it as low as $5.04. On the other hand, a reversal could see APT rising toward $5.90, with further resistance at $6.49.
If bullish momentum from previous months returns, APT could extend gains toward $6.81 or even $7.06. Whether it can turn the tide will depend on renewed buying interest and broader market conditions.
Ondo Finance (ONDO)
ONDO has dropped 22% in the last seven days, but it remains one of the most relevant real-world asset (RWA) tokens in the market. Despite the correction, its market cap still hovers around $2.8 billion, reflecting its strong position in the sector.
The recent pullback has put pressure on ONDO, raising questions about whether it can regain momentum or if further downside is ahead.

If the decline continues, ONDO could test support at $0.866, with a breakdown potentially sending it as low as $0.82.
On the upside, a recovery in momentum and renewed interest in RWA coins could push ONDO toward the $1.09 resistance level. If bullish momentum strengthens further, it could climb to $1.23
Story (IP)
IP has been one of the best-performing Made in USA cryptos, surging 77% in the last 30 days and standing out among top altcoins.
Despite its strong overall performance, IP has experienced a 19% correction over the past week, bringing its market cap to $1.27 billion.

If IP can recover its strength from last month, it could rise toward $6.96 and potentially test $7.95, with the possibility of breaking above $8 for the first time, making it one of the most important Made in USA cryptos.
However, if the current downtrend intensifies, the price may test support at $4.49, and a further breakdown could push it as low as $3.65.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Altcoin20 hours ago
BTC & Ether Prices Sink, Here’s Why
-
Market19 hours ago
Pi Network Mainnet Woes: Pioneers Face Transfer Delays
-
Market18 hours ago
US Economic Data Looms, Bitcoin Braces for Volatility
-
Bitcoin17 hours ago
Trump Won’t Buy Bitcoin Until It Hits $60,000: Bitwise Exec
-
Altcoin23 hours ago
Expert Reveals Why Bitcoin And Solana Have An Edge Over Ethereum
-
Market21 hours ago
Bitcoin Price Dives Once More—Is a Deeper Correction Underway?
-
Market17 hours ago
$620 Million Liquidations Shake the Market
-
Altcoin17 hours ago
Will Dogecoin Price See Strong Rebound After 270% Surge In Active Addresses?