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

Indicators

Trading

Explainers

Understanding how Bollinger bands work helps traders to critically identify the entry & exit points accurately. Learn the fundamentals now!

Bollinger Bands are a versatile and powerful tool that can help traders navigate the unpredictable world of financial markets. Developed by 

 in the 1980s, this technical analysis tool has stood the test of time and continues to be a popular choice among traders and investors alike. Whether you are a seasoned professional or a beginner, understanding “what is Bollinger Bands” can help you identify market trends, volatility, and potential trading opportunities. Let’s explore the fascinating world of Bollinger Bands and discover how they can enhance your trading strategies.

Understanding Bollinger Bands: Definition and Components

Bollinger Bands are a technical analysis tool that consists of three lines: the upper band, the middle band (moving average), and the lower band. These bands help traders identify market trends, volatility, and potential trading opportunities by providing a visual representation of price movements and volatility. The bollinger band technique is widely used in the trading world for its effectiveness in analyzing market conditions.

This tool, created by John Bollinger, is now widely used by numerous traders.

The upper band in Bollinger Bands, also known as the upper Bollinger Band, represents a price level that is two standard deviations above the middle band, which is the moving average. This calculation helps capture approximately 

 within the upper and lower band, providing traders with an idea of volatility and aiding in the identification of potential overbought conditions when prices are close to the upper Bollinger Bands.

The computation of the upper band follows a simple process. It involves adding two standard deviations to the 20-day simple moving average (SMA) of the security’s price. This upper band serves as a dynamic resistance level, which can help traders determine when to enter long positions or exit short positions in the market.

The middle band in Bollinger Bands is the simple moving average (SMA) of a security’s price, typically calculated using a 20-day period. This moving average serves as the baseline for the upper and lower bands, providing a measure of the security’s average price over the specified period.

To compute the SMA for Bollinger Bands, one averages the closing prices over a given number of periods, typically 20. This moving average is then used as the middle band in the Bollinger Bands indicator, allowing traders to identify price trends and potential reversal points in the market.

The lower band in Bollinger Bands, also known as the lower Bollinger Band, represents the price level that is two standard deviations below the middle band, which is the moving average. By understanding lower Bollinger bands, traders can recognize when the price of an asset is consolidating and when a potential breakout or trend reversal may be imminent.

When the upper and lower bands come closer together, it suggests that the price moves are in a period of low volatility and could be getting ready for a breakout. Traders can use this information to make decisions about buying or selling the asset, keeping in mind that it is essential to consider other technical indicators and market conditions for confirmation before making trading decisions.

How Bollinger Bands Work: Volatility and Price Movements

Bollinger Bands help traders understand market volatility by expanding during periods of high volatility and contracting during periods of low volatility. This dynamic nature of the bands allows traders to gauge the market’s current state, identify potential trading opportunities, and make informed decisions based on price movements and volatility levels.

in Bollinger Bands provide valuable insights into market volatility. Expanding bands indicate increased market volatility, while contracting bands signal decreased volatility, potentially leading to upcoming price breakouts or reversals. This information helps traders identify potential trading opportunities and make informed decisions based on the current market conditions.

One of the key features of Bollinger Bands is the “squeeze” - a period of low volatility when the bands contract. Since volatility tends to revert to its mean, the bands will likely expand soon, potentially resulting in an explosive price movement. By monitoring the expanding and contracting bands, traders can better anticipate price breakouts and reversals, leading to more successful trades.

Key Bollinger Bands Strategies for Traders

Bollinger Bands can be used in various trading strategies to identify potential entry and exit points. Two popular strategies include the Bollinger Bounce and the Bollinger Squeeze.

Understanding and correctly applying these strategies under suitable market conditions can boost a trader’s performance and success rates.

The Bollinger Bounce strategy involves trading when the price bounces off the upper or lower bands, indicating potential reversals in a ranging market. This strategy is based on the idea that the price usually returns to the middle of the bands, making it a popular choice for mean reversion trading.

While implementing the Bollinger Bounce strategy, one should refrain from trading during band-expansion periods as bollinger bands typically signal a strong trend as opposed to a ranging market. Instead, look for stable or contracting bands to increase the probability of successful trades.

The Bollinger Squeeze strategy identifies periods of low volatility (when bands contract) and anticipates price breakouts in either direction. This strategy is based on the idea that periods of low volatility often precede significant price movements, allowing traders to enter the market just before a breakout occurs.

To spot a Bollinger Band Squeeze, traders should monitor the upper and lower bands for signs of contraction. When the bands start to move closer together, it indicates that the price of the asset is becoming more stable, signaling a potential squeeze. Observing the bands closely and applying the Bollinger Squeeze strategy enables traders to take advantage of impending price breakouts and reversals.

Combining Bollinger Bands with Other Technical Indicators

Pairing Bollinger Bands with other technical indicators like the Relative Strength Index (RSI) and the 

 can amplify trading signals and foster better decision-making. The use of multiple indicators allows traders to gain a broader understanding of the market, verify possible trading opportunities, and raise the likelihood of successful trades.

Bollinger Bands and RSI can be used together to identify overbought and oversold conditions, as well as potential price reversals. The RSI is a momentum oscillator that measures the speed and change of price movements, while Bollinger Bands provide a visual representation of price volatility and potential support and resistance levels.

When these two indicators are combined, the RSI can confirm or reject any potential price trends that the Bollinger Bands are indicating. The combined use of Bollinger Bands and RSI offers traders a more profound understanding of the market, leading to more knowledgeable trading decisions.

Bollinger Bands and the Moving Average Convergence Divergence (MACD) indicator can help confirm trend direction and strength, providing additional confirmation for trading signals. The MACD is a trend-following momentum indicator that calculates the difference between two moving averages, while Bollinger Bands show price volatility and potential support and resistance levels.

By combining Bollinger Bands with the MACD, traders can gain a more complete picture of the market and identify the strength and direction of the trend. This pairing of indicators assists traders in spotting possible trend reversals and making intelligent trading decisions grounded in the market’s direction and momentum.

Adapting Bollinger Bands to Different Timeframes and Trading Styles

Traders can adjust Bollinger Bands settings, such as the lookback period and standard deviations, to suit different timeframes and trading styles. By modifying the settings, traders can balance signal frequency and reliability, ensuring that the bands are tailored to their specific needs and preferences.

For example, day traders may prefer to use a shorter lookback period, such as 10 days, and a smaller standard deviation, like 1.5, to generate more frequent trading signals and capture short-term price movements. On the other hand, swing traders might choose a 20-day lookback period with a 2 standard deviation to focus on longer-term trends and reversals. Ultimately, traders should experiment with different settings to find the optimal combination that works best for their trading style and objectives.

Practical Tips for Using Bollinger Bands Successfully

Successful use of Bollinger Bands requires consideration of diverse factors, including market conditions, trends, and events. By being aware of these factors, traders can make more informed decisions and better interpret the signals generated by the bands.

One practical tip for using Bollinger Bands effectively is to combine them with other technical analysis tools, such as RSI and MACD. This approach can help confirm signals and provide a more comprehensive view of the market, increasing the probability of successful trades.

Traders should also exercise patience and use their judgment to sidestep false signals, especially in unstable or sideways markets where Bollinger Bands might lack effectiveness.

Applications and case studies from real-life scenarios validate the efficacy of Bollinger Bands across various markets, offering beneficial insights to traders. Examining the successful application of Bollinger Bands across diverse markets can guide traders in adapting the indicator to their trading strategies and enhancing their performance.

For example, Bollinger Bands have been used in stock trading to spot extreme short-term price drops and profit from the rebound, as well as in cryptocurrency trading to gauge market volatility and identify potential trends and breakouts. Studying these real-world examples and case studies can help traders understand how Bollinger Bands work in practice and provide inspiration for their own trading strategies.

Potential Limitations and Drawbacks of Bollinger Bands

Despite being a potent and flexible tool, Bollinger Bands come with possible limitations and drawbacks that traders need to acknowledge. One such limitation is the reliance on historical data to determine the standard deviation and build the upper and lower bands. These bands are based on past volatility and price movements, which may not always accurately predict future price action.

Another potential drawback of Bollinger Bands is the risk of generating false signals, especially in choppy or sideways markets. To mitigate this risk, traders should use their judgment and be patient, waiting for clear signals before entering or exiting a trade. Additionally, using Bollinger Bands in conjunction with other technical indicators can help confirm signals and provide a more accurate analysis of the market.

Bollinger Bands are a valuable tool for traders looking to enhance their trading strategies and improve their market analysis. By understanding the various components of Bollinger Bands, learning how to adapt them to different timeframes and trading styles, and combining them with other technical indicators, traders can increase their chances of success in the market. With practice and patience, Bollinger Bands can become an indispensable part of any trader’s toolbox.

Bollinger Bands are an important technical analysis tool used to measure a security's relative high or low in relation to previous trades. The bands consist of an upper level, lower level and moving average, which provide traders with an indication of where the market may be overbought or oversold.

Bollinger Bands are a technical analysis tool developed by John Bollinger in the 1980s that measure the relative high or low of a security's price in relation to previous trades. They provide traders with an indication of the volatility of a stock.

Bollinger bands are a valuable tool for traders and investors to identify overbought and oversold conditions. These indicators are useful when trying to assess market volatility or anticipate potential price changes in an asset.

What are the three main components of Bollinger Bands?

Bollinger Bands are composed of three main components - the upper band, the middle band (moving average) and the lower band.

How can Bollinger Bands be used to identify market volatility?

Bollinger Bands provide a visual representation of market volatility, expanding during periods of high volatility and contracting during periods of low volatility.

Explained: What Are Bollinger Bands & How to Use Them For Crypto Trading

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