What was said around it
phase of the bull market. And with all that said, it's about time we looked at last week's top performing cryptos. So, last week's top performing cryptos were Sui, Zcash, Helium, BitDAO, and Akash Network. So, starting with Sui, it appears to have pumped on the news that Grayscale had launched a Sui trust. For context, Grayscale trusts are analogous to ETFs, and its Bitcoin and Ethereum trusts have since been converted into actual ETFs. Naturally, investors are assuming Sui will follow a similar path. Now, Sui is currently struggling to get above a key resistance level of around 90 cents, but the fact that it's looking bullish across almost every time frame suggests it could keep going higher. In that case, the next stop could be around $1.10. Conversely, a rejection could take Sui down to around 80 cents. Next up, we have Zcash, whose ZEC coin appears to have pumped on the news that Zcash founder Zooko Wilcox would be returning to the project to develop a hybrid proof-of-work, proof-of-stake consensus mechanism. For reference, Zooko stepped away from Zcash in late 2023. Time flies. As you can see, ZEC has effectively been chopping sideways over the last year. The most recent rally seems
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