The SUI network will soon roll out internet-free transactions for better connectivity and easy trade.
The significant development that promises to continue transactions even in the absence of internet connectivity could help the token reach a wider audience that has connectivity issues.
The development has likely kept $SUI investors afloat, making the coin trade in the green zone. At the press time, $SUI is trading at $3.82, up 2.57% as compared to the same time last day.
What Will The Transactions be Facilitated With?
SUI creator Mysten Labs had previously emphasized that internetless transactions will have the capacity to send transactions through alternate lines of communication. Mobile networks, radio waves, and even underwater wave transmissions fall within this category.
Furthermore, internet-less transactions on the Sui blockchain have the potential to revolutionize Internet of Things (IoT) devices. Projects using decentralized physical infrastructure (DePIN) depend on these devices. These initiatives are becoming more and more popular in Web3 and the decentralized web environment.
Why Are Internet-Less Transactions Important?
There are many advantages to internetless transactions, particularly in places with spotty or nonexistent internet connectivity. They make it possible to conduct smooth financial transactions in isolated or rural areas where connectivity could be spotty.
By removing the possibility of cyberattacks or data breaches that could compromise online systems, these transactions offer enhanced security.
Additionally, as there is no digital record of the transaction, they can aid in maintaining privacy.
Internetless transactions are a dependable and convenient choice for consumers who value simplicity or do not have access to digital banking.
$SUI Price Prediction: What to Expect?
Market indicators reveal that the Fear & Greed Index for $SUI is currently 72 (Greed), while the sentiment is currently bearish. Sui Crypto’s price volatility over the past 30 days was 7.78%, with 13 out of 30 (43%) days being green.
Based on technical data, eight technical analysis indicators indicate positive signals, while eighteen indicate bearish signs, indicating a generally bearish sentiment for the Sui price prediction.
However, further development in the blockchain network and a general bullish environment in the market can change the SUI indicators more optimistic.
In such a case, the token’s 200-day SMA will increase during the course of the upcoming month, reaching $3.43 by February 27, 2025.
An indicator that is widely used to determine if a cryptocurrency is overbought (above 70) or oversold (below 30) is the Relative Strength Index (RSI) momentum oscillator. The SUI market is now in a neutral condition, as shown by the RSI reading of 41.74.
Also Read: Grayscale Increases SUI Holdings Boosting Current Layer 1 Coin Basket To 7%, SUI Price Rally Ahead?