- The charts for SUI and SEI bear a notable similarity to SOL prior to its 2021 bull market.
- While the TVL is increasing across the board, which asset stands out as a preferable investment choice?
The altcoin sector is thriving, with numerous high-performing cryptocurrencies gaining traction. Among the top performers over the last three months are SUI Network [SUI] and Sei [SEI], both of which have registered impressive growth.
SUI has experienced a remarkable increase of 109%, while SEI has seen a 31% rise, positioning them among the top 10 performers in this timeframe.
As the world of blockchain technology progresses, SUI and SEI are set for expansion in Q4 2024, drawing parallels to Solana’s [SOL] surge in 2021.
Source: X
Chart patterns echo Solana’s 2021 movements
When analyzing their charts in relation to Solana’s, a notable similarity is evident. The chart patterns from Solana’s 2021 surge, which led to an astounding 2,500% increase, closely resemble the current configurations of SUI and SEI.
SUI’s theoretically fast transaction speed is contributing to its remarkable market performance.
Similar to Solana in 2021, both SUI and SEI have established initial highs and lows; should market conditions remain conducive, these assets might experience comparable gains.
Source: X
In Solana’s situation, it peaked in early Q3 2021, saw a dip in late Q3, and then catapulted over 2,500%. SUI and SEI appear to be adhering to this similar trajectory, indicating potential for substantial upward price movement.
Comparison of TVL among the three assets
Analyzing the total value locked (TVL) across these assets, Solana dominates with a TVL of $5.306 billion, significantly outpacing the newer SUI and SEI.
SUI ranks second with a TVL of $1.116 billion, surpassing Polygon (POL). SEI has a TVL of $534 million, which is about half that of SUI’s. This positions SUI as a more attractive option compared to SEI for investors and traders seeking robust trading opportunities.
Source: DefiLlama
Despite the recent entries of SUI and SEI into the market, they exhibit promise, but Solana remains the clear leader in attracting value to its ecosystem, providing it with a competitive advantage in the marketplace.
Performance comparison between SUI and SEI
Regarding overall market performance, SUI is currently priced at $1.75, SEI at $0.40, and Solana at $148.
SUI’s market cap is approximately four times greater than that of SEI, standing at $4.69 billion compared to SEI’s $1.4 billion.
This suggests that SUI may present a stronger investment opportunity between the two. Year-to-date, SUI’s price has risen by 297%, slightly surpassing SEI’s 286% increase.
However, in the past month, SUI has achieved an 82% increase, significantly outpacing SEI’s 33% growth, positioning SUI as the more promising asset for Q4.
Source: Coinpare
Both SUI and SEI demonstrate substantial growth potential, with SUI leading in market performance, total value locked, and overall investor sentiment.
Read Sui’s [SUI] Price Prediction for 2024–2025
Both assets exhibit similarities to Solana’s 2021 chart pattern, indicating they could undergo significant growth if market conditions remain favorable.
Given its superior price growth, market capitalization, and total value locked, SUI appears to be the more advantageous investment option, positioning it well for a potential rally akin to Solana’s.
