A video from the 'Everything Crypto Show' analyzed whether SUI could achieve similar popularity to Solana (SOL) in the current bull cycle. The analysis focused on price trends, blockchain metrics, and market cap comparisons.
Current SUI Price Trends
According to analysts, SUI delivered a 323% higher return than SOL since last August. SUI's peak price reached $5.36, then reduced to $2.43 experiencing a 54% loss before growing again. Historical patterns indicate Solana decreased from $42 to $24 before reaching $250 in 2021.
Market Cap Comparisons and Price Projections
SUI's potential valuation was examined based on market cap comparisons with Solana. If SUI were to reach Solana’s current market cap of $105 billion, its price could surge to $34, a 9.22x increase. If SUI mirrored Solana’s peak of $75 billion, its price could rise to $24.47, a 552% rise.
Growth Catalysts for SUI
The analyst highlighted key developments that could boost SUI's adoption. Phantom Wallet, a popular Web3 wallet with 15 million users, integrated SUI, potentially increasing user engagement.
The analyst concluded that SUI was growing rapidly but lagged behind Solana in adoption. While its technology was more advanced, user growth would be crucial for further success.
