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

Bybit Learn

If you're using MT4 for crypto trading, be sure to check out this article to find out the best MT4 indicators to add to your trading chart.

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Before computers were common, technical analysis was used in trading financial assets. At the time, hedge funds and investment banks regularly utilized 

 to predict market movement. Now, you can also use the same indicators on 

Let’s learn about the ten best MT4 indicators, and how to use them to trade your favorite crypto.

MT4 indicators are technical analysis tools on the MetaTrader platform that help identify market trends and future price action.

The MetaTrader platform incorporates the most popular technical indicators free of cost. Depending on your trading style and preference, you can insert the indicators you choose on the chart to help you make reasonable assumptions about future price action.

Technical indicators are mainly divided into two groups: Trend indicators and oscillators. Trend indicators are built around existing market data. In contrast, oscillators are used to discover a potential reversal in the market. Unlike trend indicators, oscillators try to find turning moments ahead of time.

, are imposed directly into the price chart, while others are plotted on a separate window. Irrespective of their placement on the chart, you can customize each indicator to a good extent, depending on how and where you want it to appear.

If you like technical analysis, it's certainly possible to deploy more than one indicator on the MT4 screen. Generally, the second or third indicator is used to confirm the price action. If you're just beginning to use the 

 to trade cryptocurrency, the following section explains why technical indicators make a lot of sense.

MT4 indicators are an intrinsic feature of the 

. Since the inception of MT4, almost all of the popular technical indicators are offered to the trading community free of cost. They're also used for automated trading and to create 

Apart from their utility as a robust trading tool, MT4 indicators have become indispensable to crypto traders because they can help them to avoid making wrong decisions in a highly volatile and unpredictable environment.

Unlike with stocks, forex and other financial markets, there’s often less information available to crypto traders. The emphasis on privacy and the nature of 

 is an important reason to use MT4 indicators, because they can compensate for the lack of available market information.

, using MT4 indicators can give you an edge by identifying a perfect entry and exit point. For many traders, MT4 indicators are fundamental to their success because performing technical analysis can substantially increase the profit-loss ratio of any trading strategy.

Best MT4 Indicators for MT4 Crypto Trading

By default, there are lots of MT4 indicators on the MetaTrader platform. You can also download hundreds of others from the 

. For now, let's discuss some of the best ones. While you may have already heard about these simple MT4 indicators, they're distinguished by their ability to stand alone as the only tool you may need.

 is a very popular volume-based MT4 indicator. It measures the cumulative flow of money in and out of an asset. The concept is based on the market psychology that there’s always an end to an existing trend. Accordingly, the accumulation/distribution tool can indicate the end by measuring changes in volume.

Let's discuss A/D from the perspective of a bull market. Theoretically, a bullish trend is the result of a high volume of money flow in an asset. When investors are bullish, the volume tends to rise (or stay constant) in an uptrend.

On reaching a certain threshold, traders will take profit — which ultimately puts pressure on the rising price, forcing the volume to tumble. This divergence between rising price and decreasing volume is exactly what A/D tries to interpret. The divergence is a sign of potential reversal.

 (ADX) measures the strength of an existing trend. The value of the ADX is between 0 and 100, which indicates a range from weak to strong sentiments. According to 

, any value above 25 qualifies as a strong trend in the direction of the ADX line. Likewise, any value above 50 and 75, respectively, reflects a very strong trend and an extremely strong trend.

Whenever the ADX is under 25, the market is usually in a range, which means that there’s no particular trend in either direction. If you're interested in using ADX as an indicator, MT4 will automatically plot ADX in the same window as the two directional indicator (DI) lines, from which ADX is derived.

Use the DI lines to identify when you should buy (+DI is higher than -DI) and when you should sell (+DI is lower than -DI). 

 are two different MT4 indicators. Each of these indicators tries to predict the future market trend. Based on your preference, you can either use them separately or plot them on the same graph.

The indicator is a relatively new concept developed by Russian-American professional trader Dr. Alexander Elder, both a psychiatrist and the author of the best-selling 

 (1993). From a practical perspective, this indicator is pretty straightforward to use. When using a Bulls Power indicator, any green bar above the "zero" line indicates the start of a potential uptrend. Alternatively, if you're using a Bears Power indicator, a red bar below the "zero" line indicates a future downtrend.

 (exponential moving average) 13-day indicator. Dr. Elder recommends the 13-EMA for precise entries. For instance, the Bulls Power will likely prevail if the EMA 13-day moving average is in an uptrend, and the green bar is either above the "zero" line, or is negative but increasing.

For Bears Power, it's the other way round. If the EMA 13-day is sloping downward, short the cryptocurrency when the EMA 13-day moving average is in a downtrend, and the red bar is either below the "zero" line, or is positive but decreasing as well.

 is another useful oscillator introduced by Dr. Alexander Elder. It measures the amount of power behind a particular market rally. Overall, it calculates the direction of price change, the extent of the change and the trading volume.

For practical readings, it's better to use the 13-day default period on the MetaTrader 4 platform. However, day traders and short-term investors can adjust the period according to their trading styles.

From a visual perspective, the force is often reflected in a sudden spike in the direction of the market price. If you're looking for a reversal, Force Index is probably one of the best MT4 indicators out there. On a similar note, the indicator is also used to gauge the overall trend in the market. If it's above the "zero" line, the market is in an uptrend, and vice versa.

 (OBV) is a simple indicator which plays out beautifully when divergence is formed. It measures buying and selling pressure by adding up the volume on up days, and subtracting the volume on down days.

Whenever the security closes higher than on the previous day, the indicator adds up the volume of the previous day. If the closing price is lower than the previous close, all of the day’s volume is considered down-volume.

Since on-balance volume uses a simple formula, you’ll notice similarities between the actual price graph of the asset and the OBV graph. Regardless of a somewhat similar trajectory, traders always look for a divergence. For instance, if the market is rising, look for higher lows on OBV. When the market is trending downward, look for lower highs.

, or oscillator of a moving average. It’s primarily based on the moving average convergence divergence (

) indicator. Unlike moving averages, OsMA can give you early signals to enter and exit a trade. An increase in OsMA reflects a bullish trend. Likewise, when the OsMA turns from negative to positive, it means that the price is about to change.

Short-term crypto investors can take advantage of OsMA to confirm an uptrend or a downtrend. If an uptrend is visible, you can use the positive bar of the OsMA to enter the market, and vice versa. Per the OsMA, exit the trade when the subsequent OsMA bar loses its strength. This is less risky in terms of a volatile market, as it enables traders to take small profits in uncertain conditions.

, is perhaps one of the most underrated MT4 indicators. If used correctly, it can help to rack up substantial profits for investors. Introduced by a Japanese trader, Heikin Ashi candles help create a smooth candlestick graph, helping traders make better trading decisions based on clean visuals.

On the MT4 platform, you can either superimpose the Heikin Ashi candles on the existing candlestick or open the indicator in a separate window. When implemented, you’ll immediately notice a smoother chart, because Heikin Ashi calculates the average of the price movement.

A Heikin Ashi candle without a shadow indicates a strong trend in either direction. A candle accompanied by a small body, surrounded by upper and lower shadows, suggests a potential reversal.

There are many ways to use the candle. When using it over the long run, you can set stops at the lower end of the Heikin Ashi candle. Swing traders can also open a trade in the opposite direction whenever their stops are hit. At this point, they may also re-enter the market if the signal fails to materialize.

Since Heikin Ashi indicates the average, keep in mind that the price of the Heikin Ashi may not be the actual security price. Therefore, it's better to place the Heikin Ashi chart in a separate window.

 is a simple yet powerful indicator for swing traders. It's used to quickly determine support and resistance areas on a chart. The default setting for the indicator is 5%, but you can ideally use a setting greater than 10%. Any setting less than 10% is a bit similar to drawing the same bar chart.

Zig Zag is also used by traders who rely primarily on support and resistance levels. While it's one of the simplest MT4 indicators, it's nonetheless extremely useful in entering the market. Under normal circumstances, you can also figure out trade patterns including double bottom, head & shoulders, and triple stops.

 is used to visualize a trend. There are two bars, green and red, on both sides of the zero line. According to its founder, the market is like an alligator that exhibits four stages of activity. At any given moment, the alligator is either sleeping, awakening, eating or sated.

If there are two red lines above the zero mark, it indicates little or no activity. It also means that the market is currently ranging. Likewise, the two green lines on either side represent a trending market. This is a confirmation to enter the market.

A green and red line on the oscillator indicate a reversal. You can use the signal to take profits or exit the market. While the gator oscillator is a useful tool, Bill Williams insisted that it should be used in conjunction with one of the other popular indicators that he devised for trade confirmation purposes.

On the MT4 platform, all major Bill Williams indicators are bundled together. These often include the Accelerator Oscillator, Alligator, Awesome Oscillator, Fractals, and Market Facilitation Index.

) is a momentum indicator based on the theory that the price of a security closes higher during an uptrend, and lower during a downtrend. Accordingly, traders expect the value of the RVI to rise as a bullish trend gains momentum, and to fall when bearish sentiment takes over.

This MT4 indicator can generate highly effective signals for trading range-bound cryptos. It not only offers an intuitive way to enter a trending market, but also lets you get out of the trade before a potential reversal. In an uptrend, you can enter a market when the green line crosses over the red line. Similarly, it's the other way around in a downtrend.

This isn’t the only use for the RVI indicator. For instance, divergences between the RVI indicator and the price suggest a near-term change in the trend. This is indicated by higher highs of market price, accompanied by lower highs of RVI in a bull market; and by lower lows of market price accompanied by higher lows in a bear market.

MetaTrader 4 has a user-friendly interface. Follow these steps to add indicators to your chart:

There are hundreds of MT4 indicators that you can add to your trading chart. Irrespective of how you trade, there’s little proof that adding more than one indicator gives you a trading edge. Therefore, it's logical to try MT4 indicators that can stand alone without any additional input.

10 Best MT4 Indicators to Use When Trading Crypto

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