BinaryX (BNX). As a major player in the GameFi ecosystem, BinaryX is driving the transformation of gaming by implementing sustainable economic models that enhance the gaming experience. The event that drove up the price of BNX was the decision to burn 74% of the total token supply. By dramatically reducing supply, it created an imbalance in supply and demand, which typically translates into higher prices. Investors view this burn as a positive move, increasing scarcity and potential future value.
Sui (SUI). The coin has reached the resistance line of the descending channel, where the bears will try to stop the upward movement. If the price deviates from the resistance line and bounces off the moving averages, this will be a signal of positive investor sentiment. If this happens, the SUI/USDT pair could rally to $1.2. However, the positive trend may be nullified before long if the price deviates from the resistance line and falls below the moving averages.
Starknet (STRK). The asset's value increased after Ethereum creator Vitalik Buterin unlocked and transferred 1.28 mln STRK tokens to his wallet.
Quant (QNT). The altcoin soared in price amid news of regulatory certainty regarding the staking function. This was announced by the project's CEO Gilbert Verdian.
Aave (AAVE). The cryptocurrency spiked higher ahead of the launch of customized markets on the Ethereum mainnet. The event is scheduled for September 8.