- VanEck’s projection shows that the Sui will grow 4.2x before 2025.
- Sui’s market share was strong, coming in third behind Solana (second) and Ethereum (third).
VanEck Asset Manager has made a tip Sui [SUI] By the end of this year, the rally could be 4x larger.
A recent report comparing Sui with Aptos [APT]Two of the top players in the Smart Contract Platform (SCP), the company stated,
“5.5% of the SCP market, corresponding to a market capitalization of $61 billion. With 3 billion tokens unlocked by January 2025, this equates to a token price of ~$16. This represents a 326% gain from today’s price of $3.75.”
Patrick Bush is a VanEck senior analyst and he predicted the SCP industry could be worth $1.1 billion by 2025.
The analyst compared this to US M2 expansion targets of 43%.
Sui’s likely rally of 4.26X is a result of proprietary models developed by the firm.
Increase in Sui Traction
Sui was able to command a strong lead due in part to the volume of DEX trading, which indicates a high level of DeFi adoption.
Sui ranked fourth on the DEX front for volume in the past 100-days, behind Solana Ethereum and Arbitrum.
Source: VanEck
Not only that, but there’s more. Aptos’ closest competitor, the blockchain network, has attracted a lot of market attention.
Google Trends reports that the network was third in terms of searches on the Internet after Solana Ethereum [ETH].
Source: VanEck
The layer 1 platform was able to take third place among smart contract platforms due to its other characteristics, such as speed and scalability.
The report warned that the impact of any regulatory classification unfavorable to a security or commodity could be significant. mass adoption.
“While (FIT 21 bill) provides much-needed clarity, there is a risk that existing crypto incumbents may influence the bill’s language to impose stringent decentralization requirements. Such requirements could disqualify chains like Solana, Sui, and Aptos, making their tokens marketable only to qualified investors and limiting broader adoption.”
The altcoin’s pullback in January was eased by the zone of demand above $3.5. Altcoins were up by 12% at the time of press and trading for $4.1.
The channel could return to the upwards trendline formed in November.
TradingView Source: SUI/USDT
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Source: ambcrypto.com
