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

Investing

Crypto Investment Guide

Trading

A crypto market cycle determines which phases the asset is in and what you should do next to hedge against the risks. Here's what you need to identify a buying and selling opportunity.

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Financial markets follow certain patterns and trends. Regardless of the asset class — stocks, bonds or cryptocurrencies — price action depends upon market sentiment, the number of investors who wish to buy or sell the assets and how investors make their investment decisions based on their emotions toward the market.

Due to the unpredictability of markets, it’s difficult to foresee how they’ll act. However, investors may be able to make sense of market fluctuations over time, spot opportunities and make wiser and more informed investment decisions by studying and comprehending past patterns and cycles. 

In this article, we’ll be going through the crypto market cycle to see how an investor can spot investment opportunities during the different phases of the cycle.

Market cycles are particular trends and patterns that are influenced by the psychology of investors as well as the overall state of the economy. As implied by the name, cycles repeat. Every market experiences this occurrence naturally, and the cryptocurrency market is no different. However, compared to the stock market, cycles in crypto can be significantly shorter due to the rapid price movements.

There are four distinct phases in a crypto market cycle: Accumulation, Markup, Distribution and Markdown. Each phase can be differentiated by sentiments of the market participants and the market activity itself. In each cycle, the price of an asset will move from an all-time low to an all-time high, and vice versa.

Broadly speaking, crypto market cycles start with little market interest. As more interest and demand arise, crypto prices begin to increase. At some point, prices reach a peak and start to plateau before starting to drop. The drop occurs when market interest declines and supply outweighs the demand. At the end of each cycle, a new cycle begins.

Bear in mind that projection models for the cryptocurrency market aren’t ideal or deterministic. Furthermore, pinpointing the beginning and end points of a market cycle is extremely challenging. Cryptocurrency market cycles, however, can be utilized by investors as a tool for analysis, or as supplementary information to better understand market dynamics. You may participate in the market more intelligently if you’re aware of the traits of each stage, and how a typical user might approach each of them.

Each market cycle begins with the accumulation phase. It’s sometimes regarded as the conclusion of the previous cycle, because it begins soon after the market experiences a significant crash when prices are at their lowest. There’s decreased overall market interest and lower trading volume, which usually results in a stable market.

 of investment positions are looking to exit their positions and are likely to set their asset prices low to reflect their lack of confidence in the market. At this point, market trailblazers — corporate insiders, value investors, market pioneers, experienced traders and whales — begin to buy again. The general sentiment is that the worst is over, and that they stand a decent chance of making good on any trade. This group of investors believes that the market will rebound soon, and seizes the opportunity to invest. This is also known as “buying the dip.”

At this point it’s unlikely that retail investors will enter the market, as the sentiment is still neutral and there’s no clear trend. However, positive news about the general state of the market can now draw participants' attention, and possibly move the market into the next stage, the markup phase, as 

 begins to transition from negativity to hopeful neutrality.

Characteristics of the accumulation phase are as follows:

During this stage, price action transitions into a consistent upward trend. The market's trend has become clear at this point, and is frequently referred to as the 

Media attention, especially positive headlines surrounding crypto, begins to draw interest to the market while reeling in the majority of early adopters. Skilled investors begin to enter, leveraging on their 

 skills to identify the increasing number of higher lows and higher highs. With the market demand for crypto growing, crypto prices begin to appreciate in value.

Since upward price movement is much easier to spot during the markup phase, it might be a good time for new participants to enter the market. Additionally, many investors view dips or pullbacks during the markup phase as buying opportunities, rather than as warning signs of declining price action.

 kicks in at this point. As a crypto’s price skyrockets, greed is predominant, with common sense and rationality taking a back seat. 

 incentivizes novice investors and newcomers. The entrance of these investors into the market will create a significant uptick in market volume, and market valuations will become excessive. At the same time, experienced traders are beginning to take their profits. 

Prices soon start to level off or slow down. The last wave of investors, typically the undecided, see this as a golden opportunity to buy, jumping in 

. This typically causes crypto prices to skyrocket within a very short period of time. Prices are peaking, and market sentiment has gone from neutral and boring to euphoric.

Characteristics of the markup phase are as follows:

The distribution phase marks the end of the bull run or markup phase. 

Market prices plateau as buyers and sellers in the market are at equilibrium. On the one hand, there are market players still looking to buy because they believe the bull market remains strong. On the opposing side are sellers who want to secure their profits because they think "the best is over." These are typically investors who have purchased crypto at the start of the markup phase or even earlier, and are anticipating the markdown phase, the bear market, to come soon.

Although there’s still a lot of trading during this stage of the market, asset prices typically fluctuate within a specific range as the bulls and bears are in tension. Since it’s uncertain whether the uptrend will continue or if a bear market is on the horizon, this phase may cause overall market sentiment to change from optimism to uncertainty. Analysts frequently use the 

 to measure changes in the general mood of the market.

More negative sentiment, adverse news stories and uncertainty among traders may finally be sufficient to affect prices and trigger a sell-off. At the very least, as uncertainty begins to set in that the bull market might be coming to an end, market fear grows over time.

At the end of this phase, the market will move in the opposite direction. Technical patterns indicating peak pricing — such as double and triple tops, or head and shoulders — are likely to occur in the distribution phase. 

This phase can take weeks to several months (or in some cases, years) as fundamental factors take root. Typically, the higher the extreme highs, the quicker the prices fall. Investors who’ve missed selling earlier at a profit now settle to break even — or take a slight loss. 

Characteristics of the distribution phase are as follows:

The bubble finally collapses during the markdown phase, starting a downward price trend.

For the majority of market participants, the bear market's "markdown period" is the most terrifying. It begins as soon as the supply of crypto in the distribution phase outpaces the demand, and it’s a time when the market is driven by anxiety as the outlook darkens.

Selling pressure increases as participants' fears about the future state of the market grow. In some cases, this cascade effect has the potential to drive asset prices to heights unseen since the markup period. During this phase, there won't be any new capital entering the market or any buying interest. Even positive news may fail to reverse a downward price trend during this time, since investors are taking precautions to limit losses in the challenging market environment.

The markdown phase is psychologically the most challenging one for investors, who are either unaware of the permanence of market cycles or choose to ignore them. They’ll either be stuck with selling too late or not selling at all. Those who don’t sell at all will be holding onto their crypto assets, which might lower their long-term return on investment (ROI).

This phase is, however, a short-seller's paradise, and the markdown phase is the time when they stand to profit from the market decline. 

When the market concludes that "the worst is past" and prices can’t fall any lower than they are, the markdown phase will continue. Asset prices will then stabilize and move within a tighter range.

Some investors will return to the market and purchase assets at "discounted" prices once market conditions have stabilized. This indicates that the price decline phase has ended. Returning investors are also an indication that the accumulation phase has begun again.

Essentially, a market cycle progresses from greed to fear and then back from fear to greed again. Every cryptocurrency market begins at a point of relative starting value that cycles up and down. The greed and euphoria that follow a new crypto asset’s launch move prices upward until uncertainty arises concerning the blockchain’s value, growth or tangible, practical applications. At this point, the market becomes doubtful, causing more and more traders to sell their assets and spurring a downtrend. Once the price falls to a point where potential profits become possible, greed once again takes over, starting a whole new cycle over again. 

Having looked at the main market cycles, here’s a more detailed explanation for understanding and identifying market cycle trends in crypto, using 

Factors That Affect the Crypto Market Cycle

Whether crypto assets are going through a bullish or bearish phase can be strongly influenced by the state of the overall economy, as well as different government policies. Crypto prices may fall if the economy is struggling, and vice versa.

 takes place approximately every four years (after every 210,000 blocks) and reduces by half the rewards that miners receive. At the same time, the amount of new Bitcoin that’s created is limited, reducing the supply of bitcoins that come into circulation.

This reduced supply may drive up the price if demand for Bitcoin remains high. A markup phase has historically 

, making it a significant event to watch. This is yet another effect of Bitcoin correlation. Bitcoin accounts for 48.6% of the total crypto 

 (at the time of writing). As a result, if there are no significant catalysts, the market cycles of smaller crypto assets are probably going to follow that of Bitcoin.

Best Strategy for Investing With the Market Cycle

Understanding each stage of the crypto market cycle will help investors plan their investments for the best possible returns. The best course of action is to invest in crypto assets during their accumulation phase, and then sell them during their distribution phase. Investors can do this to get the best deals on crypto assets, and then sell them at a higher price. Here are some tools that an investor can use to acquire a better understanding of the market cycles.

 can aid in the identification of these market phases by giving information on supply, demand, market psychology and whale activity. 

It's crucial for investors to keep tabs on the sentiment in the cryptocurrency market by following business news and using the Crypto Fear & Greed Index. Lower scores indicate greater fear, and higher numbers indicate greater greed on this scale of 0 to 100. It’s based on variables including market momentum, volatility and social media activity.

The media and word of mouth are reliable sources for determining market sentiment and its tone. It may be a smart idea to sell if everyone in the sector is screaming to purchase with a euphoric tone (markup phase), since this suggests that the market is ready to turn lower once more.

On the other hand, it might be a good choice to buy when the market is entering a capitulation phase and even seasoned traders are considering selling. The rule of thumb is to buy when others are selling and sell when others are feeling euphoric. A quote attributed to Warren Buffett goes like this: "Be fearful when everyone is greedy and be greedy when everyone is fearful."

What Do the Market Cycles in Crypto Tell You?

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