SUI Crypto Hits All Time Highest Price, What's the Reason?

<p>&nbsp;"Wow, the coat went up a lot, did anyone have time to buy SUI when the price was discounted?"</p><p><br /></p><p>Sui (SUI) managed to be one of the best performing assets in the cryptocurrency market so far as it broke through an all-time high of $1.64 making it the 48th largest digital asset by market capitalization.</p><p><br /></p><p>The price increase comes shortly after crypto infrastructure provider Banxa entered into an agreement with SUI Wallet, where users can now continue to use fiat as Banxa's payment solution.</p><p><br /></p><p>Not only that, users will also benefit from ZERO Gateways Fees which is an entity that has been exposed on the X social media platform.</p><p><br /></p><p><br /></p><p>Recently, the total value locked (TVL) in the SUI network and the trading volume have seen an increase following the TVL climbing $420 million while the last time the trading volume dropped below $50 million was on January 25, 2024.</p><p><br /></p><p>The SUI's rise was also sparked by the revival that took place across the crypto market with most of the leading digital assets posting sizeable gains in the last 24 hours.</p><p><br /></p><p>Through observation, Bitcoin (BTC) has surged to a three-week high of nearly $44,000, Ethereum (ETH) has exceeded $2,300 while Cardano (ADA) and Solana (SOL) have also performed better as they rose 8% and 6% respectively.</p><p><br /></p><p>As of this writing, SUI price trading at $1.53 has recorded a retracement of 3.70% in the last 24 hours with a market capitalization of $1 billion but remains up 31.44% over the past week.</p>