๐ฅSupra vs. โ
Sui Blockchain: A Comparative Analysis ๐
Overview of Supra and Sui ๐ Overview of Supra and Sui
๐Supra is a layer one blockchain that launched its token generation event (TGE) in late November, capable of handling 500,000 transactions per second. In contrast, Sui manages around 128,000 transactions per second.
๐ Current Market Status
Sui ranks 14th on CoinMarketCap with a market cap of $12 billion, while Supra's market cap is approximately $220 million. Sui has a circulating supply of about 3 billion tokens, which is 30% of its total supply of 10 billion tokens. Supra's circulating supply is around 7% of its total.
๐ Potential for Growth
To enter the top 100 cryptocurrencies, Supra needs to exceed $962 million in market cap, implying a potential fivefold price increase. However, many believe it could realistically 10x its value, potentially reaching around $0.33 per token.
๐ Exchange Listings
Sui is listed on major exchanges like Binance and Coinbase, while Supra is available on several exchanges but not yet on these prominent platforms, which may affect their price and accessibility.
๐ฎ Upcoming Developments for Supra
Staking Launch: Supra has launched staking options via the Starky wallet.
Decentralized Exchange (DEX): The DEX is in testing, with a highly anticipated launch to facilitate more token launches and increase trading volume.
Ethereum to Supra Bridge: This bridge is in the testnet phase and expected to launch soon, enhancing interoperability.
Future Listings: No official announcements on U.S. exchange listings yet, but the CEO, Josh, is working on the necessary legalities.
๐ Conclusion: The Future of Supra
With a lower market cap and higher transaction capacity, Supra has significant growth potential. The launch of the DEX and other developments could attract more interest and investment.
What do you think the price of Supra will be by the end of January? Could it reach that 10x mark? Share your thoughts in the comments.๐ฅ๐
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