search icon
      blog search icon

      What is Suku coin & why is it surging? - Stocks Telegraph

      By Muskan

      Published on

      January 21, 2022

      10:49 AM UTC

      What is Suku coin & why is it surging? - Stocks Telegraph

      Suku is a top trending cryptocurrency and has amassed 55% gains during the daily timeframe while the whole cryptocurrency market had been crashing brutally. The cryptocurrency established its all-time high during November and began to succumb to the market bears as the corrections followed after the ATH. The token had crossed the $1 mark but the bearishness pulled it back below $1. However, the prolonged market corrections have ended for the cryptocurrency and it started off on a steep uptrend.  

      What is Suku? 

      Most of the popularity that token has garnered can be attributed to the value proposition of the cryptocurrency. In a world that is becoming overcrowded with cryptocurrencies that have no real value, gems like Suku are the game-changers. It has been regarded as one of the hidden gems of the market which has led to the spotlight it is currently under. The token is based on Ethereum’s blockchain and powers its own ecosystem. The cryptocurrency essentially aims to be the bridge between the real and the digital world and in the process promotes traceability, transparency, and authenticity of physical and digital goods. 

      Suku’s first product Omni enables better engagement between brands and consumers through which brands are also empowered to provide solutions to their consumers through authentic and differentiated products. The supply chains of products are verified through the blockchain. There are already many brands around the world that are using Suku’s solution. 

      However, there had been a recent surge in the metaverse. The team realized the importance of digital goods and the need for a similar product for the digital realm. This has led to the creation of a similar product targeted at the digital realm. The InfiniteWorld by Suku has expanded the scope of the original product. It is geared at bringing brands to the metaverse of the Megaverse where there is a conjuncture of the real and physical world. 

      Why is it surging? 

      The Suku community is excited about the products and according to a poll held by the network on Twitter, 53% of the participant have voted InfiniteWorld to be the network’s most exciting product. InfiniteWorld is a new concept. However, Omni also has significant importance as it has real-world use cases. This is why the network has been surging upwards because it has solid fundamentals. 

      More From Stocks telegraph