A well-known cryptocurrency has been named, the value of which increased by more than 27% in a week

The value of the cryptocurrency Sui (SUI) rose by 13% in one day to $ 1.02 on September 12. This is part of a rebound that began on September 3, with the price of Sui rising by more than 27% over the past seven days.

According to Cointelegraph Markets Pro and TradingView, the price of SUI rose from a low of $ 0.9274 on September 12, rising 15% to an intraday high of $ 1.07.

The total capitalization of the crypto market grew by 1.15% to $ 2.02 trillion. SUI’s performance over the past 24 hours has allowed it to become a leader among the top 100 cryptocurrencies by market capitalization.

«SUI's recent price surge has shown that the digital asset has outperformed the broader market. This is largely due to the launch of the Grayscale Sui Trust. This new investment vehicle has attracted attention and likely stimulated increased demand for the $SUI token,» said a Crypto Banter analyst.

on September 12, Grayscale officially announced the creation and public launch of the Grayscale SUI Trust, which allows investors to gain access to SUI. The trust is now open to all accredited investors. «The shares are designed to track the market price of SUI, net of fees and expenses,» the experts emphasized.

According to DefiLlama, Sui remains among the top 30 blockchains of the first level with a total blocked value (TVL) of more than $ 711 million on the network.