Sui Coin Price Prediction: Can It Reach $40 After Beating Most Altcoins and Entering the Top 10 Crypto Rankings?

Over 12 months SUI Coin performed well beating most other altcoins as it entered the top 10 cryptocurrencies ranking. One analyst believes Sui can grow by 830% to reach $40 because of its strong price performance over the past year.

One crypto analyst predicts Sui (SUI) will rally another 8,300% from current levels to hit $40 this cycle. The analysis comes as Sui price rallied 250% to enter the top 10 cryptocurrencies by market capitalization.

Sui began 2023 trading at $1.50 and rallied to a new all-time high of $5.36 on Monday. The rally attracted attention on social media and message boards, where traders discussed Sui’s potential to rival top blockchain networks like Ethereum and Solana.

One crypto analyst, known for his accurate predictions, shared his analysis on Sui price, suggesting the token could hit $10 this cycle and eventually rally to $40.

If Sui reaches the analyst’s target, the network would grow from a market capitalization of $13 billion to roughly $120 billion, assuming a circulating supply of three billion tokens.

The prediction is based on the common price chart formation, known as “cup and handle,” which typically signals a strong upcoming market move.

Sui vs. Aptos

Both Sui and Aptos entered the crypto market in 2022, with Sui initially garnering more attention, while Aptos quickly established itself as the stronger blockchain platform.

Aptos is the preferred choice for investors seeking high incomes, offering a 7% Staking Reward, compared to Sui’s 2%.

The Aptos blockchain also hosts more decentralized applications (dApps), with 54 dApps operating on the network, versus Sui’s 51 dApps.

Despite launching later, Aptos has seen a strong influx of stablecoins, with the network currently holding $487 million, while Sui holds $427 million.

The number of developers building on Aptos outnumbers Sui, with 1,695 developers in the Aptos ecosystem, compared to 1,394 developers in Sui’s ecosystem.

Aptos Price Nearing Breakout

The token price has been trading in a range since launch and currently sits near the average of the regression channel.

Analysts anticipate that a sustained trading level above $14.45 will trigger strong market momentum to push the price higher.

If Aptos follows a similar trajectory as Solana and Sui in terms of price movements, it could propel the token value to around $72.50, delivering a 700% gain.

The development of Sui and Aptos continues to capture market attention and interest from investors. As the crypto landscape evolves, the bid for Sui to reach $40 will unfold alongside Aptos’s drive for market