Sui (SUI) price rose 13% to $1.02 on September 12. This is part of a recovery that began on September 3 and has seen it rise by more than 27% in the past seven days. According to Cointelegraph Markets Pro and TradingView data, SUI rose from $0.9274 to $1.07 on September 12.

SUI’s performance contributed to the total crypto market capitalization increasing by 1.15% to $2.02 trillion. The launch of the Grayscale SUI Trust is seen as the main reason for this increase. Grayscale announced this new investment vehicle that offers the opportunity to invest in SUI on September 12.

SUI ranks among the top 30 layer-1 blockchains by exceeding $711 million in total value locked (TVL). This increase in TVL indicates increasing user engagement and trust in the network.

SUI price is approaching a critical resistance level. According to analysts, a break above this level could unlock significant gain potential. What do you think about these developments? We are waiting for your comments.