📢🚀Can Sui Overtake Solana? An Analytical Perspective
There’s a growing buzz about Sui potentially surpassing Solana, with some labeling it a 'Solana killer.' However, let's break down the numbers.
Currently, Solana has a market cap of $68.5 billion, trading at $146 with 468.7 million tokens in circulation. In contrast, Sui's market cap is significantly lower at $4 billion, trading at $1.51 with 2.6 billion circulating tokens.
To reach Solana's price, Sui would need to balloon its market cap to an impractical $3.379 trillion, primarily due to its larger circulating supply.
A more feasible scenario would be if Sui achieved a $90 billion market cap, matching Solana's all-time high. In that case, Sui's price could rise to $64, which is impressive but doesn’t quite justify the 'killer' label.
In conclusion, while I believe Sui has good growth potential, the idea that it could overtake Solana seems unlikely. The narrative of it being a 'Solana killer' may be misleading; we should keep this in perspective.