SUI, XMR, and LDO all saw their prices rise over the past day of trading.
SUI was the top performer after its price rose by over 4%, which was likely fueled by their $51.3 million DeFi ecosystem fund announcement.
XMR and LDO both secured price increases of just over 1%.
Over the past 24 hours, the prices of Sui (SUI), Monero (XMR), and Lido DAO (LDO) have experienced a significant increase in price, indicating a possible uptick in investor interest surrounding these tokens. The 24 hour success of XMR and LDO also secured them a spot on CoinMarketCap’s trending list.
Sui (SUI)
At press time, SUI was worth about $0.4556 after its price was able to climb by 4.13% over the past 24 hours. This meant that the altcoin was trading just below its peak price for the past day, which stood at $0.4586.
SUI / Tether US 1D (Source: TradingView)
The token’s price rise could be attributed to the announcement made earlier this week that the Sui Foundation is set to bolster its DeFi ecosystem with a significant investment of $51.3 million through an ecosystem fund. The fund is aimed at providing crucial backing for DeFi developers and DeepBook.
DeepBook is an on-chain central limit order book platform designed to rival Nasdaq’s high-frequency trading capabilities. Notably, a total of 117 million SUI will be reclaimed from “external market makers” to be allocated as grants to support DeFi developers in their initiatives.
📣Breaking news! We're reallocating 117M SUI from external market makers and redirecting them to initiatives designed to fuel ecosystem and community growth!Dive into the press release for all the details.👇 #BuildOnSuihttps://t.co/G0kZOAvbaj
— Sui (@SuiNetwork) October 5, 2023
Monero (XMR)
Throughout the past day, XMR’s price was able to climb by 1.77%, which left the token trading hands at $151.83. Additionally, the cryptocurrency’s price climbed by more than 4% in the past seven days.
Although there were no noteworthy developments or announcements made on Monero’s X page in the past few weeks, the token’s price was still able to increase by 7.17% in the past month. Its market cap of $2,784,571,981 ranked XMR as the 24th largest cryptocurrency in terms of market capitalization. This placed it right behind Stellar (XLM) in the 23rd spot.
Monero / Tether US 1D (Source: TradingView) Lido DAO (LDO)
LDO was able to recover slightly after its price fell by more than 5% in the past week. At press time, the token was worth $1.57 after its price experienced a slight 1.13% increase in the past 24 hours. This meant that the crypto was trading just below its 24 hour high price of $1.58.
LDO / Tether US 1D (Source: TradingView)
The token’s intraday trading volume had, however, slipped by 27.35%, which caused it to drop to $23,535,555. LDO was ranked as the 32nd largest cryptocurrency, with its market cap of $1,403,056,950.
The post Crypto Prices Today: SUI, XMR, LDO Prices Rise In The Last 24H appeared first on Coin Edition.