Crypto Prices Today: SUI, XMR, LDO Prices Rise In The Last 24H

Over the past 24 hours, the prices of Sui (SUI), Monero (XMR), and Lido DAO (LDO) have experienced a significant increase in price, indicating a possible uptick in investor interest surrounding these tokens. The 24 hour success of XMR and LDO also secured them a spot on CoinMarketCap’s trending list.

Sui (SUI)

At press time, SUI was worth about $0.4556 after its price was able to climb by 4.13% over the past 24 hours. This meant that the altcoin was trading just below its peak price for the past day, which stood at $0.4586.

SUI / Tether US 1D (Source: TradingView)

The token’s price rise could be attributed to the announcement made earlier this week that the Sui Foundation is set to bolster its DeFi ecosystem with a significant investment of $51.3 million through an ecosystem fund. The fund is aimed at providing crucial backing for DeFi developers and DeepBook.

DeepBook is an on-chain central limit order book platform designed to rival Nasdaq’s high-frequency trading capabilities. Notably, a total of 117 million SUI will be reclaimed from “external market makers” to be allocated as grants to support DeFi developers in their initiatives.

📣Breaking news! We’re reallocating 117M SUI from external market makers and redirecting them to initiatives designed to fuel ecosystem and community growth!

Dive into the press release for all the details.👇 #BuildOnSuihttps://t.co/G0kZOAvbaj

— Sui (@SuiNetwork) October 5, 2023

Monero (XMR)

Throughout the past day, XMR’s price was able to climb by 1.77%, which left the token trading hands at $151.83. Additionally, the cryptocurrency’s price climbed by more than 4% in the past seven days.

Although there were no noteworthy developments or announcements made on Monero’s X page in the past few weeks, the token’s price was still able to increase by 7.17% in the past month. Its market cap of $2,784,571,981 ranked XMR as the 24th largest cryptocurrency in terms of market capitalization. This placed it right behind Stellar (XLM) in the 23rd spot.

Monero / Tether US 1D (Source: TradingView)

Lido DAO (LDO)

LDO was able to recover slightly after its price fell by more than 5% in the past week. At press time, the token was worth $1.57 after its price experienced a slight 1.13% increase in the past 24 hours. This meant that the crypto was trading just below its 24 hour high price of $1.58.

LDO / Tether US 1D (Source: TradingView)

The token’s intraday trading volume had, however, slipped by 27.35%, which caused it to drop to $23,535,555. LDO was ranked as the 32nd largest cryptocurrency, with its market cap of $1,403,056,950.

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