Analysis of the crypto SUI, Kaspa (KAS), and Ethereum (ETH)

We continue with our column of digital asset analysis, with market statistics and news of the crypto SUI, Kaspa (KAS), and Ethereum.

Prices and market statistics of crypto crypto SUI, Kaspa (KAS), and Ethereum (ETH)

SUI is a cryptocurrency with a current price of 2.25 USD and a market capitalization of 6.2 billion USD, placing it at the 17th position in terms of popularity in the crypto market. In the last 24 hours, the trading volume reached 1.2 billion USD, indicating high activity and interest from investors.

With a circulating supply of 2.8 billion SUI, the coin maintains good liquidity and accessibility for traders. Investors tend to hold SUI for an average period of 31 days, which suggests that many opt for short-term strategies, perhaps speculating on price fluctuations or responding quickly to market dynamics. 

KAS is a cryptocurrency with a current price of 0.14 USD and a market capitalization of 3.4 billion USD, indicative of growing interest in the crypto landscape. In the last 24 hours, the trading volume reached 28.2 million USD, a figure that shows good market activity, although lower compared to more established cryptocurrencies.

With a circulating supply of 24.9 billion KAS, this cryptocurrency has a rather high availability, helping to keep the price at relatively low levels. 

Ethereum (ETH) is one of the most important cryptocurrencies, with a current price of 2,530.17 USD and a market capitalization of 302.9 billion USD, positioning it in second place in terms of popularity. 

With a trading volume in the last 24 hours amounting to 12.9 billion USD, Ethereum enjoys significant liquidity and market activity, reflecting the wide adoption of its platform and its decentralized applications (DApp).

The circulating supply of Ethereum is 120.4 million ETH, and investors tend to hold the cryptocurrency for an average period of 43 days, suggesting a medium-term investment strategy. 

The performance of the SUI token

The price of SUI has outperformed the main cryptocurrency projects, reaching a new all-time high (ATH) of $2.28 during the early Asian trading hours. With a trading volume of $1.18 billion, the cryptocurrency has shown significant interest from investors, who have pushed the price to record levels. This rally represents a bull trend for SUI, which stands out for its ability to compete with more established projects. 

The current momentum of SUI has fueled speculation that it could reach the 3-dollar threshold by the end of the fourth quarter (Q4). However, much will depend on the evolution of the broader market and external factors such as regulation and the performance of other cryptocurrencies. If the positive sentiment continues and demand remains high, SUI could indeed hit 3 dollars in Q4. 

On the other hand, any market corrections or sudden changes in global dynamics could negatively affect the price, slowing down this positive momentum.

The future of Ethereum according to Vitalik Buterin

Vitalik Buterin, one of the founders of Ethereum (ETH), published a comprehensive article on Warpcast on October 14, in which he discussed the future of Ethereum after the Merge and the possible improvements to the Proof of Stake (PoS) mechanism. 

Buterin highlighted crucial goals to make Ethereum even more efficient and accessible, including the possibility for validators to stake with just one ETH, thus lowering the entry barriers to participate in the network. Another key goal is the finalization of blocks in a single slot, which would improve the speed and efficiency of transactions. 

Despite the success of the transition to PoS with the Merge, Buterin emphasized that there are still areas within the existing structure that require improvements. These include the optimization of security and the decentralization of the network, which remain significant challenges for Ethereum.

 His article demonstrates the ongoing commitment to innovation and the expansion of the Ethereum ecosystem, maintaining a long-term vision to address technical challenges and promote the global adoption of the blockchain.