The crypto market has been fascinating in current days not solely as a result of crash, but in addition the value motion, particularly in SUI, ZEC (Zcash) and a few meme cash.

SUI value developments

SUI is the native cryptocurrency of the blockchain of the identical identify.

After plummeting 46% from July 22 to August 5, it recorded a robust rebound.

In reality, the present value of round $0.94 is 100% greater than the underside simply 10 days in the past, and it briefly exceeded $1.1 the day earlier than yesterday.

Nevertheless, don't get too excited as after per week of +140%, there was a slight pullback within the following days and the present value is in keeping with the place it was two months in the past.

This transfer has been characterised primarily by short-term volatility: it rose from $0.9 on July 22 to $0.5 on August 5, then rose to $1.1 inside per week, earlier than settling simply above $0.9 yesterday.

In reality, present costs are roughly the identical as at first of the yr, which means SUI's market worth is simply up 20% via 2024 as of now.

However, January via March had already proven excessive volatility, reaching a excessive of $2.2, which means that from the October trough to the 2024 peak, it recorded an astounding +480% acquire in simply over 5 months.

It’s price noting that this bull run began under $0.4, a lot decrease than present ranges.

Moreover, whereas March additionally marked an all-time excessive, you will need to notice that SUI has solely been on the cryptocurrency marketplace for simply over a yr.

Value Development of Cryptocurrency Zcash In comparison with SUI and Different Meme Cash

ZEC is the native cryptocurrency of Zcash.

Current Bitcoin value developments are clearly at odds with the cryptocurrency market.

In reality, it fell 27% between August third and fifth, however recovered nearly instantly, regaining all the things it had misplaced in that crash simply two days later.

Moreover, a small rise started on August eighth, recording +78% from the low on August fifth and +36% from the closing value in July.

In reality, massive information is coming for Zcash.

However an vital level must be clarified.

Till a couple of days in the past, Zcash’s 2024 outlook was disappointing.

Initially of the yr, costs had fallen from $33 on the finish of December to $27, and didn't rise above $35 till August 7. In reality, they’d fallen to $25 on August 5, and even dipped under $16 in early July.

Moreover, 2023 started at $37, which means that primarily no important bounce has been recorded but after the final bear market.

Furthermore, the present value has solely simply returned to the degrees of March final yr and stays 64% decrease than the degrees on the finish of April 2022, earlier than the collapse of the Terra/Luna crypto ecosystem.

So the thought is that if the information on the replace is appropriate and optimistic, then the very lengthy bear market might merely have ended.

It’s nonetheless down 99% from its all-time excessive in 2021, elevating robust doubts about its precise skill to recuperate.

Meme Coin

The meme coin sector as an entire shouldn’t be doing notably nicely in the mean time.

For instance, the value of Dogecoin is 7% decrease than it was a month in the past, and the value of Shiba Inu is 20% decrease than it was at first of the yr.

Nevertheless, there are some exceptions.

Within the very quick time period, Popcat and Turbo's +7% as we speak stand out, however most notably Gigachad (GIGA)'s +27%.

GIGA's value has not solely risen 30% up to now week, but in addition 90% up to now 30 days, and is up an astounding +1,800% because the starting of the yr.

Up to now 30 days, Neiro has recorded an astounding +1.500%, which is outstanding for being a really younger meme coin. Usually, minor meme cash make an enormous splash quickly after they seem.

In the meantime, NPC (Non-Playable Coin) has recorded a wholesome improve of +31% within the final month, however is now up +1,700% because the begin of the yr.

Lastly, it will be inconceivable to not point out Maga (TRUMP), which remains to be +1,000% yr up to now however -60% up to now 30 days.