In 2024, #Sui Network (SUI) has caught attention by rising over 150%, becoming a major player among Layer-1 blockchains. Meanwhile, #Solana (SOL) has gained more than 50% this year, making both coins popular in the crypto space. People are now wondering if SUI could follow Solana’s big success from 2021.
Currently, SUI's price is $2.05 with a market cap of $5.67 billion. Solana, on the other hand, has a price of $154.44 and a market cap of $72.6 billion. If SUI were to reach Solana's market cap, its price could soar to around $26.32, an increase of over 12 times its current value.
Several factors could help SUI achieve this, such as growing its ecosystem, taking advantage of a possible bull market, and forming key partnerships. However, SUI faces tough competition from other blockchains like Ethereum and Polkadot. The unpredictable nature of crypto markets could also slow its progress.
In conclusion, if SUI reaches Solana’s market cap, it could see a huge price increase, but many challenges and risks remain. Crypto prices can be very unpredictable, so it's difficult to know what the future holds.
