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

Strategies

Trading

Multiple time frame analysis is a process for reviewing different chart time frames of the same crypto to find strong trends. Learn how it can be applied to crypto trading.

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Multiple time frame analysis is a process for reviewing different chart time frames of the same cryptocurrency to find strong trends and trading signals. There are several benefits to this style of analysis, and it’s very popular among seasoned traders. This analysis is especially useful for cryptocurrencies, as they trade 24/7.

What Exactly Is Multiple Time Frame Analysis (MTFA)? 

Multiple time frame analysis analyzes the same market through different chart time frames to identify trading opportunities. This technique can be used with stocks, commodities and forex, but it’s especially useful for trading cryptocurrencies.

A trader implementing multi time frame analysis uses a longer time frame chart to assess larger trends. Then, the trader drills down to a smaller time frame chart to fine-tune their entry or exit. There are several benefits to this analysis. With a little bit of study, it can be easy for you to realize some of these benefits.

Multi time frame analysis helps a crypto trader:

Since you’re reviewing price history from various chart time frames, you can see different trends. Some of these trends will be opposites. The variety of perspectives of the market provides more input and data to make a trading decision.

Applying multiple time frames to your chart analysis is a straightforward three-step process. First, identify the direction of the trend on the longer-term chart. Second, look for signals on the smaller time frame chart that align with the longer-term trend. And third, place the trade that agrees with the longer-term trend.

This process filters out short-term counter-trend signals, which have a lower probability.

MTFA Helps You Spot Support and Resistance

Oftentimes, when we’re reviewing a price chart, we don’t zoom out far enough to identify longer-term key levels that may affect our trade. For example, a 5-year trend line would be visible on a daily or weekly chart, but not necessarily on a 2-hour chart. Therefore, the longer-term chart trend analysis can help you spot these key levels so you can avoid getting caught on the wrong side of a trade.

When you’re focused on the longer-term time frame, the shorter-term trend may begin to change before you see it. For example, let’s say you like to analyze and trade using the daily price chart. If the shorter-term time frame chart, such as the 1-hour, were to signal a trend change, you could use that information to adjust your trade accordingly.

Identify Entry Points and Exit Trades Earlier

Just as the previous benefit suggests, when you analyze a smaller chart time frame, you can see trend changes earlier. This allows you to jump into trades before the signal appears on the longer chart time frame. The same principle holds true for exiting the trade.

Why Technical Indicator Results Change When Used in Different Time Frames?

One of the biggest reasons why multi-time frame analysis works is that the indicator’s output changes when the chart time frame is changed. 

Depending on your preferred time frame, for example, in the left panel above we see a daily chart for Bitcoin, with a 200-period simple moving average. The right-hand panel of the chart is a 4-hour intraday chart, with the same 200-period simple moving average included. Do you notice how the moving average has a different shape and displays different results simultaneously?

This is because there are 200 pieces of data going into the moving average’s calculation. Those 200 pieces of data are different when you’re looking at a daily chart, versus intraday minutes or hourly charts. As the data changes, so does the output.

We can use different output values to provide us a different perspective on the market. 

Once again, multiple time frame analysis is a simple three-step process.

During 2020–2021, Bitcoin was on a monster trend to the upside. From April 29, 2020, to May 19, 2021, it traded above the 200-period simple moving average, signaling the trend was up. This is the longer-term chart that filters out trends for long and buying opportunities.

Now we scroll down to Bitcoin’s intraday chart, like the 4-hour time frame or (four-hour chart). At this point, we’re only going to look for buying signals from the 

 (RSI). Ignore the sell/short signals. Focus only on the long signals.

Several signals are given over Bitcoin’s 12-month uptrend. Some of the signals will work out, and some of the signals will end up as losing trades. However, the opportunities to buy Bitcoin on the 4-hour chart are plentiful, whereas a trader focused solely on the daily chart will not witness any RSI signals.

Once you have the analysis complete, then step 3 is to make the trade.

Identifying the Best Time Frame for Crypto Trading

Crypto traders who are newer to technical analysis often wonder the best chart time frame to use. The answer to that question depends on the personality of the trader and is a matter of personal preference. However, there are some best practices to consider when using multiple time frame analysis.

Generally speaking, you want to use a longer-term trend chart that covers a time frame about 4–6 times larger than the shorter-term signal chart.

Table: Common Multiple Time Frame Analysis Chart Combinations

For example, if a trader likes to make trades based on the 1-hour chart, then consider a longer-term trend chart, such as a 4-hour or 6-hour chart.

Another trader, who prefers to find trends on a daily chart, will look at the 4-hour chart for signals.

One of the benefits of cryptocurrencies is that you can trade them in and out quickly — or hold them for long-term speculation. Multi time frame analysis can be applied to any of these styles of trading. Let’s look at four different traders, and how they might use multi time frame analysis.

Using Multi Time Frame Analysis When Day Trading

Day trading is a popular strategy, owing to crypto’s volatile price movements. This method allows the trader to get into and out of the trade the same day. A day trader will likely focus on the 30-minute trends and use the 5-minute chart for signals.

In the chart above, the trader applies the 200-period simple moving average to the 30-minute chart of Ethereum to determine the longer-term trend for day trades. This is the equivalent of finding the trend for the past four days. The trader spots a nice trend on July 27, where Ethereum holds up above the moving average.

The trader shifts down to a 5-minute chart and applies an indicator, such as the Commodity Channel Index (CCI). When the CCI crosses up above −100, it’s a signal to buy. Since the trader has determined from the 30-minute chart that the trend is up, the focus will only be on the buy signals, ignoring the sell signals.

Multiple Time Frame Analysis Strategy for Swing Traders

Swing traders are going to be interested in determining the trend on a daily chart, then swinging down to a 4-hour chart to identify better entry and exit signals.

 back in the 1980s. When markets trend for long periods, Donchian channels can offer a way to determine the trend and follow it.

Once the price reaches the upper channel, then the market is considered in an uptrend. This uptrend stays in force until the prices fall to reach the lower channel. From the time the market reaches the upper channel until dropping to the lower channel, the trader will want to filter trades for buy entries.

Using the same Donchian channel tool but changing the input value to 60, we can use the upper and lower bands as our entry and exit points, respectively.

Once we are in a confirmed uptrend, shift down to the 4-hour chart and buy when the market breaks above the upper band. The stop loss will be set at the lower band.  

Cryptocurrency HODLers can use multiple time frame analysis, too. Their holding period maybe years, in which case they‘ll want to start with a weekly chart. Long-term holders aren’t interested in short-term movements and believe that the cryptocurrency industry will continue to receive a vast amount of investment into the future. This future investment will create even more demand for cryptocurrencies, pushing the prices higher.

This increase in demand swallows up the available supply of coins — especially when you consider a cryptocurrency like Bitcoin that has a limited supply. As a result, the pricing must be readjusted higher.

As long as the weekly chart keeps printing higher highs and higher lows, the trend is viewed as upward. The HODLer can then use the daily chart to determine if the market is becoming overbought, and is, therefore, due for a correction. It’s common for cryptocurrencies to correct at least 80%, so taking some profits might be a good idea from time to time.

After large rallies, Bitcoin and most other cryptocurrencies experience a large correction to consolidate those gains. A HODLer will be interested in momentum tools like 

 (MACD), moving averages or price channels to identify entry and exit points.

MACD is a versatile tool that can help describe the market’s behavior. For example, when the MACD line crosses below zero, this signals that the daily trend may be shifting from up to down. For a HODLer who is long, this will signal a possible correction, and it may make sense to take exposure off the table.

On the other hand, if the MACD line breaks above zero, then this signals the trend is shifting upward. In this case, consider adding more cryptocurrency exposure.

Ideal Time Frame for Scalpers to Find the Best Entry/Exit Points 

Multiple time frame analysis is especially useful for scalpers. Scalpers are generally in their trades for only a few minutes or less. Therefore, they need to gain a sense of the near-term momentum so they can pick up a couple of points.

Scalpers are likely to use a 1-minute to 3-minute signal chart. That means they’ll want to use a 10-minute and possibly 15-minute trend chart.

 is to find markets that are moving with momentum behind them. Their trading periods are so short that scalpers need the market to move far enough (and quickly enough) in order to overcome the spread, pay for trading fees, and generate a profit.

Applying an 8 EMA and 34 EMA to a 15-minute chart for Bitcoin, look for the 8 EMA to be consistently on one side of the 34 EMA. Use that direction as your trend. The 8 EMA has been consistently below the 34 EMA in the chart above, suggesting the scalping trend is down.

Next, zoom in on the 3-minute chart for Bitcoin and look only for bearish signals. A bearish signal is when the price crosses below the 8 EMA while it’s below the 34 EMA. If the market is in a strong trend, there will be plenty of signals, and the position will quickly move into an adequate profit target.

The key for scalpers is finding the crypto market that’s moving rapidly so they can quickly overcome the spread and other trading costs.

Things to Avoid When Using Multiple Time Frame Analysis

Multi time frame analysis is a versatile and effective tool. However, it’s not one-size-fits-all, and there are some limitations. There are two common mistakes I’ve seen with this style of analysis.

First, traders use time frames that are too close together. For example, they’ll use a 4-hour chart for the trend and a 2-hour chart for the signal. There’s not enough separation between the time frames, and you lose the benefit of analyzing multiple time frames.

Secondly, traders use time frames that are too far apart. This mistake tends to happen with scalpers and day traders. They’ll use a 5-minute chart for signals, but check the daily chart for trends. The daily chart’s trend has little impact on your 5-minute chart trade.

Multiple time frame analysis tends to work better when traders stay close to the 4:1 or 6:1 ratio between daily charts, as recommended above.

Multiple time frame analysis is a popular technical tool used by cryptocurrency traders to analyze trends. It’s versatile and is used across a wide variety of traders and styles, from scalpers to HODLers.

The biggest mistake for traders when using multi time frame analysis is maintaining a good spread between the chart time frames reviewed. When traders maintain a 4:1 or 6:1 ratio between longer-term trend charts and shorter-term signal charts, they tend to see more consistent results.

How to Find Entry-Exit Points Using Multiple Time Frame Analysis

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