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

Prefer more reactive indicators when trading crypto? Give exponential moving averages a shot especially since they account for price volatility.

Exponential Moving Average How To Use EMA to Trade Volatile Crypto

The cryptocurrency market is highly speculative in nature, which usually leads to exaggerated levels of volatility. To compensate, investors need to use 

 that adapt to the volatility of cryptocurrencies. One such indicator is the exponential moving average (EMA), which is designed to smooth out the effects of price volatility.

 (MA) is one of the most commonly used tools to indicate overall trend direction. The exponential moving average focuses on the most recent price data, which is important when trading in the volatile crypto environment. In this article, we’ll discuss how the EMA is used in crypto trading, and we’ll outline different ways to use the EMA, along with practical trading examples.

An exponential moving average is a technical indicator that gives greater weighting to recent prices in its calculation. As a result, EMA responds more quickly to the latest price changes, as compared to a simple moving average (SMA), which has a bigger lag. 

The primary aim of the EMA is to smooth out the price and remove short-term price fluctuations.

Most investors focus on SMA, which shows the average price of a specific number of candles. If the current price moves above the average, bulls are stronger than bears. On the other hand, changing direction might indicate a trend change. However, EMA gives more weight to current data because its formula more closely follows the price.

The mathematical formula for calculating EMA builds upon its previous values. Therefore, all price data remains up-to-date so that the newest data has greater impact than the older price data.

= Previous period’s EMA (SMA is used for the first period’s calculations)

 = Exponential smoothing constant (this gives the appropriate weight to the most recent prices, utilizing the specified period in the MA)

The EMA clarifies price action for traders by reducing the lag in the price chart. As a result, it smoothes the price and makes the trend more reliable and accurate than with the traditional moving average. However, its greater price sensitivity may at times confuse traders. Therefore, the ideal approach is to use other technical indicators in addition to EMA in order to determine the most accurate buying point.

As with all technical indicators, moving averages cannot be the ultimate solution for trading cryptocurrencies. Therefore, investors should understand these indicators’ strengths and weaknesses before using them to make trading decisions.

Strengths of the Exponential Moving Average

Weaknesses of the Exponential Moving Average

How to Use the Exponential Moving Average to Trade

EMA works like other moving average indicators, where the primary aim is to identify the market trend. If a crypto asset is within an uptrend, the price will be above the EMA. For a bearish trend, the price should remain below the EMA. On the other hand, a contraindication of the EMA would represent a correction in a trend, as shown in the image below.

The above image shows the three phases of a trend, which we can easily find using the EMA:

In cryptocurrency trading, investors should find a stable price above the EMA to open a buy position. In addition, a trend trader should understand how to gauge the strength of a trend.

Based on the EMA value, we can define a market trend as follows:

Long-term traders and HODLers should use an EMA of 50–200 days to identify the long-term price direction in cryptocurrency trading. On the other hand, the short-term trend is suitable for opening trades. However, the period of the EMA depends on the trader’s choice and flexibility. Fortunately, this can be easily adjusted to fit your trading plan.

There are many ways to trade cryptocurrencies using EMA. However, professional traders like to keep the system simple, using it where profitability is high.

Trend trading is the basic way to identify where most market participants are most comfortable owning the asset at the current price. In this method, the combination of EMA and SMA has higher probability rates. 

For example, we can use a 200 SMA for long-term trends and a 50 EMA for short-term trends. Therefore, crypto investors should buy once the price moves above both the 200 SMA and 50 EMA.

Per the BTC/USD chart above, the long-term trend is bullish as the price exceeds the 200 SMA. Later on, the price moves above the 50 EMA, while the 50 EMA is above the 200 SMA. Therefore, the bullish trend above both MA levels is very strong, and any buying point has a higher possibility of hitting the target level.

Another approach is to use EMA as a dynamic support or resistance level. One of the biggest drawbacks of static S/R is that it remains fixed at a given level. On the other hand, dynamic S/R levels move with the price and can react immediately. Therefore, this method is suitable for finding near-term reversal points toward the trend.

The above BTC/USD chart demonstrates how the EMA works as a dynamic support. Buying a crypto asset from the dynamic support level has a better risk-to-reward ratio. The 50-day and 200-day moving averages can be used to identify dynamic support and resistance zones from which prices are more likely to react.

When one moving average moves above another, it creates a profitable trading opportunity. One of the most effective crossover strategies is known as the golden cross. When the 50 EMA moves above the 200 SMA, it indicates that short-term bulls are becoming more aggressive, while long-term traders are still bullish.

The example above shows how the golden cross indicates increased bullishness in the BTC/USD price. This is applicable in any time frame from one minute to one week.

Exponential Moving Average vs. Simple Moving Average

Cryptocurrency trading differs from traditional financial instruments because big surges and collapses in price are very common with crypto. Therefore, traders aren’t always certain when it comes to choosing the right MA. Moreover, long-term HODLers and intraday traders remain active in cryptocurrency trading, which raises the question of whether they should use EMA or SMA.

SMA uses the average price of the last number of candles without reference to recent price change. Therefore, SMA works well with a higher number of candles. As a result, long-term traders and HODLers can use SMA to identify the broader market context. For example, a 200 SMA provides more accurate indications of a long-term trend than a 200 EMA.

The BTC/USD chart above shows that the 200 EMA is closer to the price than the 200 SMA 200 because EMA focuses on the most recent price changes, which aren’t as much of a necessity for long-term traders.

On the other hand, even if traders know where the long-term trend is heading, it’s important to match it with the short-term trend. It isn’t advisable to buy a crypto asset based solely on its price above the 200 SMA. Moreover, intraday traders don’t bother with where the long-term trend is heading, or they just trade a portion of the broader market trend. 

Therefore, EMAs with lower values like 20, 30, 50 or 100 work well for finding the short-term market trend. Optimal success in EMA trading comes from how the trader utilizes the SMA and EMA together to find the most accurate trend.

The BTC/USDchart above shows how the price is trending up both long- and short-term, identified by the 20 EMA and 200 SMA.

Best Exponential Moving Average Indicator Pairings

In financial trading, investors have to anticipate the price movement because  no one knows for certain where it’s headed. Using multiple tools, investors can increase the probability of successful trades. Therefore, the EMA needs to be combined with other indicators. The following are some of these possible pairings.

 indicator is an important technical oscillator that indicates overbought and oversold positions. The RSI indicator price chart shows in a separate window, and moves from a level of 0 to 100. 

When the RSI indicator starts to move up above 30, it’s a strong indication that the market may initiate a bullish trend. Later on, a potential buying opportunity may come when the price moves up from the dynamic 20 EMA while the RSI indicator is still bullish.

The above BTC/USD chart shows that the BTC/USD price faces static support at $40,684,  and moves above the dynamic 20 EMA with a strong bullish H4 close. In the meantime, RSI is trending higher and has moved above 50. As a result, the price extends to $68,000, indicating a strong bullish trend.

, or average directional index, is another momentum indicator that helps traders identify a trend’s strength. ADX remains in a separate window and moves from 0 to 100 and even beyond. For cryptocurrency trading, investors should closely monitor the ADX level while opening a buy position. 

Before opening a buy trade using the EMA and ADX, make sure to follow these steps and conditions:

The BTC/USD intraday chart above shows Bitcoin’s price moving up from the horizontal support level of $50,382.35, and closing with a bullish candle above the dynamic 20 EMA. Meanwhile, the ADX is above 20, indicating that the current bullish trend is strong. 

To summarize, using EMA to determine entries can be profitable if traders combine it with other trading tools. EMA remains popular among traders because it places more weight on the latest price data, lagging less than other technical indicators. Similar to all moving averages, EMA works best in the midst of a strong trend in the market.

Exponential Moving Average: How to Use EMA to Trade Volatile Crypto

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