The altcoin market is booming, with several top-performing cryptocurrencies seeing strong momentum. Two cryptocurrencies that have stood out over the past 90 days are SUI Network [SUI] and Sei [SEI], both seeing significant growth.
SUI surged more than 109%, while SEI gained 31%, making it among the top ten performing stocks during this period.
As blockchain technology continues to develop, SUI and SEI are expected to achieve further growth in the fourth quarter of 2024, in stark contrast to Solana [SOL]'s rebound in 2021.
Source: X
The chart resembles Solana’s 2021 pattern
When comparing their charts to Solana’s, striking similarities emerge. Solana’s 2021 chart pattern, which led to its massive 2,500% rally, mirrors the pattern currently forming for SUI and SEI.
SUI’s transaction speed, while still theoretical, has driven its outperformance in the market.
Like Solana in 2021, both SUI and SEI have formed early higher highs and lower lows, and both assets could see similar upside if market conditions remain favorable.
Source: X
In Solana’s case, it peaked in early Q3 2021, fell at the end of Q3, and then surged more than 2,500%. SUI and SEI followed the same pattern, indicating the potential for a significant price increase.
TVL comparison of three assets
Looking at the total locked value (TVL) of these assets, Solana leads with $5.306 billion in TVL, far ahead of relative newcomers SUI and SEI.
SUI ranks second with a TVL of $1.116 billion, surpassing Polygon (POL). SEI’s $534 million lags behind as it is half of SUI’s TVL. This makes SUI a better choice than SEI for investors and traders looking for strong trading opportunities.
Source: DefiLlama
Despite the recent entry of SUI and SEI into the market and their demonstrated potential, Solana remains a clear leader in attracting ecosystem value, giving it a competitive advantage in the market.
SUI and SEI performance comparison
Looking at the overall market performance, the current price of SUI is $1.75, the price of SEI is $0.40, and the price of Solana is $148.
SUI’s market capitalization is about four times that of SEI, at $4.69 billion, compared to SEI’s $1.4 billion.
This suggests that SUI may be the stronger investment opportunity of the two. Year to date, SUI's price has risen 297%, slightly ahead of SEI's 286% gain.
However, over the past month, SUI is up 82%, far outpacing SEI’s 33% gain, making SUI a more promising asset for the fourth quarter.
Source: Coinpare
Both SUI and SEI show strong growth potential, with SUI leading the pack in terms of market performance, TVL, and overall investor sentiment.
Both assets are showing similarities to Solana’s 2021 chart patterns, suggesting they could see significant gains if market conditions remain favorable.
SUI appears to be the more favorable investment option given its higher price growth, market cap, and TVL, which puts it in a good position for a potential rally similar to Solana.
