Many analysts think SUI could overtake Solana, using various metrics to prove their points. Everything Crypto has also joined this view, explaining why SUI could have some major moves that could position it to at least compete with Solana.
The token’s growth has been nothing short of remarkable. It has achieved a 1,045% increase from its 45-cent bottom at its peak. What’s particularly noteworthy is how SUI has consistently outpaced Solana’s performance metrics by several hundred percentage points during this cycle.
Currently sitting at the 12th position with a $13.9 billion market cap, SUI shows promising growth potential compared to Solana’s 6th-place ranking and $88 billion market cap. Everything Crypto draws an interesting parallel to Solana’s historic bull run of 2021, where it surged from a $12 billion to $75 billion market cap, with prices soaring from the $45-$55 range to over $250.
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SUI Technical Superiority Over Solana and Performance Metrics
When it comes to technical capabilities, SUI demonstrates significant advantages over Solana’s already impressive metrics. While Solana gained popularity with its 65,000 TPS and 12.8-second finality time, SUI has raised the bar with 297,000 TPS and a remarkably fast 400-millisecond time to finality. Transaction costs also favor SUI, charging just 1.5 cents compared to Solana’s 7 cents.
The on-chain metrics tell an interesting story of competition and growth. According to Everything Crypto’s analysis, while Solana maintains leadership in daily active addresses and DEX volumes, SUI is rapidly gaining ground. December saw Solana’s token volume at $207 billion versus SUI’s $68 billion, but January’s figures show a narrowing gap with Solana at $53.9 billion and SUI at $20 billion.
SUI shares several strategic similarities with Solana, particularly in being a non-EVM chain operating independently from Ethereum. The integration with Phantom Wallet, which boasts over 7 million monthly active users and 32 million downloads, positions SUI for significant retail adoption – a pattern reminiscent of Solana’s growth trajectory.
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SUI Price Projections and Growth Potential
Everything Crypto presents several compelling price scenarios for SUI. If it were to reach Solana’s current market cap of $88 billion, SUI’s price could hit $29.33 – a 6.35x increase.
More optimistically, matching Solana’s all-time high market cap of $122 billion could push SUI to $464. Even a more conservative target of half Solana’s all-time high would result in a price of $20.27, representing a 338% upside.
Everything Crypto notes SUI’s resilience in the market, maintaining a 133% drop from its all-time high, comparable to Bitcoin’s performance. The analysis identifies key price levels, with support at $4.47 (the early December all-time high) and resistance at $4.95, with potential for movement to $5.36 if broken.
SUI Market Outlook
Everything Crypto concludes with strong conviction in SUI’s potential. The coin is their largest altcoin holding. Their analysis suggests that SUI’s combination of technical superiority, growing adoption, and market positioning could lead to performance that surpasses Solana’s previous bull run achievements.
With its current trajectory and fundamental strengths, SUI appears well-positioned for significant growth in the upcoming market cycle.
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