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

Strategies

Trading

Momentum trading is suitable for beginners & experts alike. And yes, it's profitable but only if traders fulfill the criteria. Find out now!

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Cryptocurrencies notoriously volatile, and to excel in crypto trading would require in-depth strategic planning and technical analysis to secure consistent profits. Among all, momentum trading is used by traders and investors alike to buy an asset with an uptrend price and sell them when the asset’s price starts to lose its momentum.

The strategy reflects the expression as the “trend is your friend” perfectly well. Of course, trading comes with risks but momentum trading gives traders more control and fewer potential failure points.

Today you’ll learn what is momentum trading and the risks it possesses.

Momentum trading is a trading style traders use to assess the strength of an asset’s current trend to buy an asset while the price is rising and sell it at an assumed peak price. The rationale behind momentum trading is if there is enough force driving a price move, then it will continue to move in the same direction for a moment.

With the concept of “buy low, sell high” in mind, traders tend to seek advantages from the volatile market for short-term gains through a consistent buy and sell action by following the trend signals.

For example, bitcoin is hovering around $54,000 but generally is in an uptrend price, trader A would place a buy order to catch the wave and take profit at an assumed price of $56,000 before it the wave crashes. Trader A would then repeat the same momentum trading strategy in the hope to catch another wave for the same or other assets.

In physics, when an object moves in a particular direction, it continues to do so until an external force interferes in its motion and changes its direction. The same theory applies in trading — an asset tends to move in a specific direction until something triggers the market to react differently.

For example, when a cryptocurrency increases in price, it attracts more attention from both retail and institutional traders. As a result, it pushes the price even higher. Sometimes the uptrend creates a fear of missing out (FOMO) effect, and the price continues to increase for much longer than it would actually do based on 

. The uptrend may continue until a large number of sellers or whales believe that the price is overbought and doesn’t reflect the intrinsic value.

Hence, they open short positions en masse. When the 

 happens, and momentum traders exit the market.

However, if the new downtrend is gaining traction, momentum traders may enter the market again. But at this time, they go short. In this way, momentum traders can benefit from both trends with great success.

The first task of a momentum trader is to assess a trend’s strength before opening a position. That is to facilitate risk management planning that addresses the market volatility, price fluctuations, and unexpected momentum breaks.

The strategy involves the analysis of three fundamental metrics. These are:

The volume suggests how many traders have opened positions in the direction of the trend in a given period based on the number of assets traded. For example, if the number of assets traded is high, we may assume that the trend is healthy and gaining momentum since there might be many traders involved. Still, sometimes the trading volume can be manipulated by whales. That means financially capable traders can buy or sell large amounts of the asset.

Momentum traders prefer volatile markets to gain from the short-term ups and downs, and cryptocurrencies, including BTC and ETH, are the most suitable asset group. Still, momentum trading involves a precise timing to the opening and closing of a trade.

Finally, momentum trading is closely related to the 

 selected by a trader since the trend is making sense only within a specific timeframe. For example, Bitcoin price can increase on the hourly chart, but that may be a temporary swing as it declines. If the trend on several timeframes coincides, then this considers as a stronger momentum.

What Are the Characteristics of Momentum Trading?

Before conducting technical and fundamental analysis for momentum trading, traders should know that there are two main approaches to implement momentum trading strategy — 

This strategy refers to the performance comparison of an asset with one another. In which, a trader prefers buying outperforming assets or securities rather than overall underperforming securities.

 emerge in early 2021, and they outperformed Bitcoin and other peers. Relative momentum traders would invest in relevant 

In April 2021, Bitcoin regained its dominance and rallied to its all-time high of $63,000, while other coins haven’t shown similar returns. In this case, momentum traders would favor Bitcoin due to its stronger momentum.

It occurs when traders analyze the price of a cryptocurrency or any other asset separately. They compare the current price of the coin with its only past performance.

For example, the Bitcoin price has accelerated and the value increased to over $61,000 suggests that positive momentum is there, and traders would be interested in going long until the trend is reversing.

For momentum traders, technical analysis is critical because it helps traders to define the market trend and refine the trading strategies. Once you identify your ideal momentum indicator, it’s fairly easy to determine the market entry and exit points precisely.

The average directional index (ADX) is probably the simplest and most popular momentum indicator to determine the strength of a trend. The purpose of ADX is to evaluate momentum for better judgment in an asset. 

Basically, ADX is an oscillator, and its calculations are sophisticated but effective for price trend analysis. You should know that it reflects the strength of a price trend on a graph whose line fluctuates between 0 and 100. When the reading dips below 30 suggests that the price is moving sideways. As the ADX breaks above 30, it means that the price is trending. Ultimately, the higher the ADX goes, the stronger is the trend in a particular direction. 

However, do note that the ADX doesn’t show whether a trend is bullish or bearish as the indicator is focusing on momentum alone.

Moving averages (MAs) are the oldest and most common technical indicators out there. They are popular for decades to analyze all kinds of assets, and it’s all for good reasons. Part of the trend indicators group, MAs, cut the price action’s noise to smooth volatility that confuses traders and displays the general trend.

Traders use MA to calculate the average of a cryptocurrency price movement over a given period. For momentum traders, moving averages are important because they can show whether a trend continues its direction or tends to go sideways. It is visually apparent as the MAs follow the price action.

Traders would generally use two MAs with different periods. When the shorter MA crosses the longer MA, then the existing trend may be reversing, and momentum traders would be interested in closing positions.

The relative strength index (RSI) is one of the most popular oscillators, which acts as a momentum indicator. It calculates the size and magnitude of the latest price changes.

The RSI line is plotted on a separated chart below the price action and fluctuates between 0 and 100. If the RSI goes below zero, it shows an oversold level, suggesting that the current downtrend might reverse. 

On the flip side, if the RSI goes above 70, the market enters an overbought level, meaning that the current uptrend is losing momentum and might gradually turn into a downtrend or move horizontally. Thus, momentum traders should be on alert whenever the RSI is above 70 or below 30, as the 

 is reaching oversaturation, and the trend is changing.

Moving Average Convergence Divergence (MACD) is a bit more sophisticated. It behaves both like momentum and trend-following momentum indicator. The MACD merges two exponential moving averages (EMAs), and its result is calculated by subtracting the 26-period EMA from the 12-period EMA.

However, the two lines displayed on the MACD chart are not the two EMAs used by the indicator. Instead, one of the lines is the MACD line, and another one is the signal line, which can determine changes in price momentum and provide buy or sell signals. There is also a histogram, which represents the difference between the MACD line and the signal line.

When the two lines depart from each other, momentum is considered more substantial, and traders can rest assured that the current trend would continue.

Stochastic is yet another reliable oscillator not only in momentum trading but in swing or day trading too. While it possesses a similar trait and functionality to RSI, it uses an entirely different calculation methodology. In fact, the indicator compares the most recent closing price to the range of its previous prices in a given period.

It is plotted on a separate chart the same as the RSI and fluctuates between zero and 100. Stochastic also displays overbought and oversold levels, but at this time they are considered above 80 and below 20, respectively. This momentum indicator has two lines — the stochastic line, which ranges between the overbought and oversold levels, and the signal line, which can cross the indicator line to anticipate trend reversals.

So, traders would be interested to exit the market when the two lines cross or when the indicator maintains within the overbought or oversold zones.

The commodity channel index (CCI) is a momentum indicator used to determine a trend’s strength. The indicator calculates the difference between the current price and the historical average price for a given period.

When the CCI is above zero, positioned at the middle of the CCI chart, it indicates that the price is above the historical average. 

When the CCI is below zero, then the price is below the average. If the CCI goes higher than 100, it suggests that the price is well above its historical average, and the uptrend is strong.

The Stochastic Momentum Index (SMI) is an improved version of Stochastic, which pays more attention to closing prices. It measures the distance of the current closing price related to the recent high/low range median. It is also used to determine overbought and oversold levels.

There are many momentum strategies that involve several technical indicators or chart patterns to provide buy or sell signals. Perhaps, one of the simplest but still reliable strategies that you can test on your trading platform.

For this, you will need to set an exponential moving average (EMA) with period 19 and the ADX indicator.

You can exit the market manually when the price crosses EMA. Don’t forget to check the volume from time to time. The higher volume suggests stronger momentum, thus signaling a more accurate indicator to buy.

On the contrary, if you intend to go short with this strategy, you should meet the following conditions:

The Benefits and Limitations of Momentum Trading

This trading style is suitable for beginners because of its simplicity. Above all, momentum trading can be profitable if you caught the momentum at a right time. Besides, it works well in any timeframe and thus, suitable for both day traders and swing traders.

On the flip side, momentum trading can be risky as it purely relies on market information and trends. Traders can be taken by surprise by the unexpected trend reversals. Depending on the securities you’ve chosen, momentum trading is not the best fit for leveraged securities due to the complex underlying futures markets.

Also, prices can fluctuate up and down without any prior signals due to unexpected events or large trades from whales.  

To succeed with momentum trading, you have to apply proper risk management techniques and stick to the strategy you choose.

Here are a few aspects that you should consider:

You can start momentum trading by following these simple steps:

Make sure to take advantage of the analytical tools and risk management techniques to secure consistent profits.

All in all, momentum trading is one of those universal strategies that are suitable for both beginners and advanced traders. It works well in any timeframe higher than H30. Thus, it can be implemented by both 

. But the trading results also highly depend on your risk appetite and investment objectives. Ultimately, you should trade with a style that suits you best.

Another major benefit is that momentum trading is backed by a lot of technical indicators that were designed precisely to determine the strength of a trend.

What Are The Best Momentum Trading Strategies?

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