Sui (SUI) Surges 21% in 24 Hours, Gains Analysts' Favor Over Solana

Generated by AI AgentCoin World
Friday, Apr 25, 2025 8:06 pm ET1min read
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Raoul

Pal
, a former
Goldman Sachs
executive and the chief executive of Real Vision, has publicly expressed his preference for the layer-1 blockchain
Sui
(SUI) over Solana (SOL). In a post on the social media platform X, Pal shared his thoughts with his 1.1 million followers, stating that if he had to choose a favorite, SUI would be his pick. He accompanied his statement with a chart comparing the SUI/USD price to the SOL/USD price, indicating that SUI/USD appears poised to break through resistance levels.

At the time of writing, SUI was trading at $2.97, marking a significant increase of over 21% in the past day and nearly 41% in the past week. In contrast, SOL was trading at $149.47, with a 3.5% increase in the past 24 hours and over 13% in the past week. Pal's endorsement of SUI comes as the asset has shown strong performance metrics, including its growing adoption in decentralized finance (DeFi) networks.

Pal is not the only analyst bullish on SUI. Crypto trader Michaël van de Poppe recently highlighted SUI's potential, noting its rapid growth in Bitcoin DeFi (BTCfi) and its strong position in the DeFi ecosystem. Van de Poppe pointed out that SUI is quickly gaining traction, with 10% of the Total Value Locked (TVL) going through its network. He also mentioned that DeFi on SUI is ranked among the top six of all chains, with nearly $6 billion in trading volume in the past month. Van de Poppe believes that SUI has the potential to perform exceptionally well in the upcoming market cycle.

The growing interest in SUI reflects broader trends in the crypto market, where investors are increasingly looking for layer-1 assets that offer robust performance and innovative use cases. SUI's focus on DeFi and its integration with Bitcoin staking and lending have positioned it as a strong contender in the competitive landscape of layer-1 blockchains. As the market continues to evolve, assets like SUI that demonstrate strong fundamentals and adoption are likely to attract more attention from investors and analysts alike.