Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Trading

Heikin-Ashi shares some characteristics with standard candlestick charts. Still, it's different. But how does it work & is it beneficial?

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The Heikin-Ashi chart is a technique used for seeing the price action with more clarity and less 

 Mainly because its calculation comes from the average pace of prices. Therefore, providing the opportunity to spot market trends clearly and eventually better predict the future prices.

The Heikin-Ashi is reliable in the sense where it allows the traders to better translate the trends on candlestick charts. And help you to find good entry points through the displays of potential reversals or breakout. When applying the Heikin-Ashi in crypto trading, it helps users to critically analyze the intense market volatility into valuable information. That’s also because it helps define and highlight the 

 with objectivity and provides a solid base to establish an investment commitment. 

In fact, if the Heikin-Ashi patterns (such as wedges, triangles, and doji) are used in conjunction with the knowledge of the state of a trend, the results are quite impressive.

Here are the main concepts that will help you understand the Heikin-Ashi candles. Perhaps, also some useful trading strategies using the Heikin-Ashi to help you make your first pot of gold.

What Is the Heikin-Ashi Chart in Technical Analysis?

Yes, Heikin-Ashi sounds like Japanese. In fact, it is and it’s one of the oldest techniques developed in the 1700s to represent and visualize the market price data. Whereas the Heikin-Ashi chart is a form of a graph that displays derivations of high, low, open, and closing prices of a cryptocurrency for a specific time frame used for 

The main difference that differs Heikin-Ashi from the rest is it is used in how candlesticks are calculated and plotted on a chart. While the Heikin-Ashi calculation of the OHLC prices will be detailed throughout this guide.

Besides the Heikin-Ashi chart, crypto traders’ most popular chart types include the 

line chart, bar chart, and the candlestick chart

While Heikin-Ashi is excellent to spot trends, Heikin-Ashi must still be used in conjunction with other elements to unlock its potential. These elements include the price action (Heikin-Ashi Patterns) and each of the candles’ behavior within the overall context. 

It turns out that Heikin-Ashi candles by themselves don’t offer an edge. Therefore, they must be analyzed in the context of the general market trend.

Nevertheless, here are some aspects to give you an idea to fully comprehend the concept.

First of all, you need to know a Heikin-Ashi candle has a body and an upper with or without a lower shadow (wick).

 with no lower wick represents a strong uptrend. However, suppose a lower wick starts to present. In that case, the upward momentum is likely to decrease. And it is possible to signal a price reversal or at least a correction in the price of any crypto assets.

On the other hand, a Heikin-Ashi candle with a 

 with no upper wick represents a strong downtrend. Notwithstanding, just as in the previous scenario, if an upper wick shows up, then it is likely that the downward momentum is decreasing. Subsequently, a corrective movement or reversal could present shortly. 

If that happens, it represents a downtrend, and a group of green candles represents an uptrend. See the example below on the 30-minute time frame for Bitcoin against the US dollar, where both scenarios are presented.

The size of the Heikin-Ashi wick can signal possible shifts in momentum. As a general rule, small Heikin-Ashi wicks followed by wide-ranging wicks signal that the buying (selling) pressure starts to build up. 

In this case, as a crypto trader, you should look for a potential trend reversal. In the example below, we can see how the size of the lower wicks started to change. Notice how the Heikin-Ashi 

 has a significantly larger wick than the previous Heikin-Ashi candle wicks. That’ll alert you of a possible reversal coming later.

Before learning how to use Heikin-Ashi, as we’ll show a step-by-step guide, you must first understand the patterns. Ideally, combining trends with patterns presented by the price action can put the trader’s probabilities in favor. Thus, some of the most reliable “patterns” are shown below.

Before you get confused about what is a 

, here’s a guide to deciphering the mystery. 

Generally, a Doji formation is when the price closes at the same (or relatively close) as the “Open Price”. The 

 mainly represents a lack of follow-through in the direction of the trend. So when this formation forms, it is likely that a reversal from the previous movement could come.

 to only trade this reversal pattern in conjunction with the overall market trend. Below is an example of the BTCUSD 30-minute time frame where the Doji is identified.

 represent a pause within the overall trend and could evolve into a continuation or a reversal. Of course, the long or short entry depends entirely on where the pattern is formed within the overall trend.

The triangle usually converges towards a middle point in its structure. While the break out defines where the momentum is likely to keep going.

In the example above, a triangle formation is presented on the daily chart of BTCUSD; see how after the price broke the upper limit (black arrow), it continued its uptrend defined by consecutive green Heikin-Ashi candles.

Other common price formations are the wedges, which are classified as rising and falling wedges. The first one has a bearish connotation because it represents the lack of follow-through to the upside, so a corrective or reversal movement could likely come soon—for example, 

, and it has more chances of being successful if the underlying trend is robust to the upside. See the example below:

How Do Heikin-Ashi Candles Different From Regular Candlesticks?

At first glance, the Heikin-Ashi candles and the regular candles are indeed similar. However, on a closer examination, the Heikin-Ashi chart presents a smooth price action where trends tend to be more consistent than the regular candlestick charts. That shows a significant advantage of Heikin-Ashi vs. a standard candle.

In the example below, a Bitcoin chart against the US dollar (BTCUSD) in a 10-minute time frame shows how on the Heikin-Ashi chart, the price presents blocks of consecutive red candles. Meanwhile, the traditional chart shows more alternation on its candles, sometimes red, sometimes green.

Practically, this smooth action on the Heikin-Ashi Candles allows the traders to read in the market better. That’s because when any given asset is trending, the action is presented with blocks of green or red candles, for an uptrend and a downtrend, respectively. To simply put it in conclusion, it makes your life easier to identify when a market is trending or not.

Above all, with this information and some price action patterns (Heikin Patterns), the investor can build a trading plan to enter the market.

Heikin-Ashi candles should be used with trend-following strategies. Ideally, crypto traders should use the candles in trending markets. When a cryptocurrency moves in a well-established trend, the candles will show all chart patterns and trends more clearly.

The Heikin-Ashi candles’ values with the

prices are calculated based on the average price. In fact, the name Heikin-Ashi in Japanese means Average Pace. So in the markets, this kind of charting represents the prices’ average pace.

The Heikin-Ashi calculation of the prices is based on the following formulas:

By comparison, the standard candlestick chart has a much more straightforward calculation. The open, high, low, and close values are all taken as the cryptocurrency price changes over time. Another difference in the Heikin-Ashi vs. candles calculation is those past candlesticks have no material impact on the formation of current candlesticks.

How to Use Heikin-Ashi In Crypto Trading?

Essentially, it is vital to choose a market with enough volatility and liquidity so the trades can be placed. Of course, this works perfectly on the Forex market.

As the traditional market gets more matured, the room for profitability gets limited. Hence, many traders are turning their heads to cryptocurrencies. Today, the 

 is one of the most exciting markets. Despite the volatility, liquidity, and several brokers offering attractive investment vehicles to participate in this market, there are plenty of opportunities to profit from this market.

So, if you want to filter out some good trading opportunities, here’s how: 

It is important to identify the momentum in the market to place trades in favor of that momentum. In other words, apply a trend following approach.

Here the multiple time frame analysis plays a vital role because it will help us identify that momentum. In the next chart of BTCUSD on the 12-hour chart, we can see the break out of a triangle pattern with a green candlestick. Additionally, we can see two areas that can act as resistance levels (Blue lines). 

Check out this practical step-by-step guide on how to start trading with Heikin-Ashi strategies:

Example of Heikin-Ashi Chart Analysis  

First, identify the momentum on the higher time frame, for this example, we can take as the reference the previous image, where they break out of the triangle in the 

 in the BTCUSD gives us clues about the direction of the momentum/ trend (big fat green candle).

After the momentum has been identified, the idea is to look for a continuation of the 12-hour green Heikin-Ashi candle, so we zoom into the 

 to look for follow-through. Those continuations can be framed under any continuation pattern, which could be a wedge or a triangle.

For this specific example, we have two possible entries after the break out of the triangles, the entries are the black dots, and the red lines are the stop-loss order where we anchor our risk.

It is also essential to highlight the two “resistance” levels. Bear in mind that if they don’t hold as resistance, they could fuel our long position because those are the pivot points where the short sellers are likely to have their stop-loss orders.

One option for the trailing stop is to trail based on the momentum of the higher time frame. In this case, when the candle closes below the previous one, this is the exit point (green dot).

The Pros and Cons to Trade With Heikin-Ashi Candles

Everything comes with setbacks. Before you decided to try out this candle, here’s what you must know!

While things may be in your favor, but what if we tell you that the limitations are quite significant as well?

The truth is, sometimes, with the “classic charts” of candles or bars, some reversals can be spotted before any signal is given on the Heikin-Ashi candles. This happens because the latter is created based on average prices, so in a certain way has a lagging factor in its structure. However, this is a minor disadvantage because you can perfectly play continuations and take advantage of the current trend.

So, what can you do to overcome the limitations?

One of the main mistakes many novice traders tend to make when using Heikin-Ashi candles is the lack of multiple time frame analysis. That is because traders focus only on one time frame that could be in the middle of a sideways movement. 

Think about it, if you’re the trader that does that. It means when you try to play with the trend-following approaches, it’ll significantly decrease your chances of profitability.

Therefore, the best way is to look at higher time frames where momentum is present (big fat candles) and then go to a lower time frame to play continuation in the direction of that momentum. Usually, this momentum plays on the higher time frames can be found using the Heikin-Ashi strategy. For example, look at the continuation of a triangle break daily, but the timing of that continuation could be taken on the hourly chart.

Trading on the right side of the cryptocurrency market can be much easier if traders switch from the classical candlestick chart to the Heikin-Ashi chart. Overall, the Heikin-Ashi’s versatility is great to spot potential trading opportunities with your favorite cryptocurrency. However, it’s still best if you practice it in advance before trading with real funds.

Ready to take your trading skill to the next level? 

What Is a Heikin-Ashi Chart and How to Trade with It

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