The cryptocurrency market is witnessing a surge, with various top digital assets gaining traction. Notable among these are SUI Network [SUI] and Sei [SEI], both demonstrating significant growth trends in the past 90 days.
SUI has achieved a remarkable surge of over 109%, while SEI has witnessed a rise of 31%, positioning them among the top performers for this specific period.
With the continuous advancement of blockchain technology, SUI and SEI are poised for further expansion in Q4 2024, drawing parallels to the impressive rally of Solana [SOL] in 2021.
Similarity in Chart Patterns to Solana’s 2021 Trend
An analysis of the charts reveals a striking resemblance between the patterns of SUI and SEI with Solana’s 2021 chart. The pattern observed in Solana’s chart, which led to a substantial 2,500% surge, reflects the current trends shaping up for SUI and SEI.
The potential of SUI’s rapid transaction speed, though presently conceptual, has played a role in its outperformance in the market.
Following a pattern akin to Solana’s trajectory in 2021, both SUI and SEI have established early highs and lows, suggesting the possibility of significant gains if market conditions remain favorable.
For instance, Solana saw a peak in early Q3 2021, a dip in late Q3, and then surged by over 2,500%. SUI and SEI are following a similar trajectory, indicating the likelihood of substantial upward movement in prices.
Comparing TVL Among the Three Assets
Assessing the total value locked (TVL) of these assets, Solana leads the pack with a TVL of $5.306 billion, significantly ahead of the relatively newer SUI and SEI.
SUI secures the second position with a TVL of $1.116 billion, surpassing Polygon (POL). On the other hand, SEI lags with a TVL of $534 million, which is half that of SUI. This positions SUI as a more attractive option for investors and traders seeking robust trading opportunities.
While SUI and SEI show promise despite their recent emergence in the market, Solana remains the dominant player in attracting value to its ecosystem, giving it a competitive advantage.
Performance Evaluation: SUI vs. SEI
In terms of overall market performance, SUI is priced at $1.75, SEI at $0.40, and Solana at $148.
SUI boasts a market cap approximately four times higher than SEI, standing at $4.69 billion compared to SEI’s $1.4 billion.
These figures suggest that SUI might present a stronger investment opportunity between the two. Year-to-date, SUI has seen a price increase of 297%, slightly edging out SEI’s 286% gain.
Moreover, in the last month, SUI has surged by 82%, surpassing SEI’s 33% gain, positioning SUI as the more promising digital asset for Q4.
Both SUI and SEI exhibit strong growth potential, with SUI leading in terms of market performance, TVL, and overall investor sentiment.
Analogous to Solana’s 2021 chart pattern, both assets hold the promise of substantial gains under favorable market conditions.
Considering its higher price growth, market cap, and TVL, SUI appears to be a more favorable investment choice, well-positioned for a potential rally reminiscent of Solana’s remarkable surge.