SUKU crypto is an Ethereum-powered token that primarily aims to increase engagement between brands and consumers. By bringing transparency and accountability into its system, SUKU aims to provide and simplify ways to connect in both physical and virtual worlds, including the Metaverse.
The Florida-based startup focuses on building Web 3.0 tools, which can be utilised by diverse sectors. Recently, SUKU has been in hot trends registering gains of over 30% in the past week and 29% in the past 14 days. On Wednesday, SUKU was putting the cryptocurrency market on fire after it gained over 51% and a significant volume rise of over 900%.
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Why is SUKU rallying?
The exact reason for SUKU’s rally is still unclear. But going by the Twitter account, it seems it is largely due to its announcement of providing the requisite infrastructure to scale up its Web3 adoption with its NFT marketplace InfiniteWorld.
According to SUKU’s whitepaper, its ecosystem targets to provide three main solutions. Through the SUKU Omni protocol, it aims to transform the supply chain data and analytics to offer transparency and traceability. With the InfiniteWorld marketplace, it aims to tap into the world of Metaverse and SUKU DeFi offers supply chain participants to engage in microlending and collateralization of the products.
This three-structure approach can create a fully transparent, traceable, and secure platform for your brand.
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How is SUKU faring?
On 2 February, the 439th ranked token was trading at US$0.660836 with a trading volume of US$142,323,295 over a day. At the time of drafting, the SUKU token was up by 65.81% with a tremendous volume rally of over 924.74%. The SUKU token has a live market cap of US$78,738,558 with 119,149,903 SUKU coins in circulation.
Backed by a strong team consisting of James Bower, Addison McKenzie, Yonathan Lapchik, the SUKU project seems promising and has a great potential to establish itself as a strong token. The token has a growing community and is available on leading exchanges such as Huobi Global, KuCoin, Coinbase, and others.
Conclusion
After witnessing a bullish run in January 2022, the project is hoping that it can make the most in February, which traditionally is a good month for cryptos. But investors and enthusiasts must understand that crypto markets are extremely volatile in nature. So, one must make sure that they neither go panic buying nor panic selling in such situations.
