SUI Community integrates AI, SUI token hits all-time excessive

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  • Sui Community is engaged on tasks associated to the fusion of AI and blockchain.
  • The Mysten Labs co-founder highlighted Sui's funding in AI within the venture.
  • SUI has surged 86.02% previously 30 days and could be very near its ATH.

SuiNetwork has introduced that its upcoming tasks will mix synthetic intelligence (AI) and blockchain expertise to enhance effectivity and safety.

Mysten Labs co-founder Kostas Chalkias mentioned in an X submit on Saturday that the Layer 1 blockchain protocol plans to combine AI and blockchain expertise to energy AI-related providers.

AI and blockchain integration

Enterprise capital agency Andreessen Horowitz (a16z) highlighted the advantages of AI and blockchain integration in its State of Crypto 2024 report. The report famous that the variety of crypto tasks with AI providers and capabilities elevated from 27% in 2023 to 34% in 2024. a16z cited Close to Protocol (NEAR) for instance of a venture that has efficiently addressed the difficulty of “content material verification and mental property.” Within the AI ​​discipline.

By overcoming the challenges of the AI ​​sector, the blockchain sector has attracted extra builders and innovators. Blockchain expertise supplies transparency and helps handle verification points plaguing the AI ​​sector.

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SUI token efficiency

On the time of writing, SUI was buying and selling at $2.10, up 3.40% previously 24 hours, in line with information from CoinMarketCap. The market capitalization of digital property is $5.8 billion, rating 18th by way of valuation. The altcoin has surged 14.49% previously week and 86.02% previously 30 days.

Moreover, SUI is buying and selling very near its all-time excessive (ATH) of $2.16, which might result in buyers witnessing a brand new ATH. That is attainable as a result of excessive Relative Power Index (RSI) of altcoins. On the time of writing, the RSI worth is 61.78, indicating sturdy shopping for strain.

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