VanEck Analysis Project SUI to Hit $16 and APT $22
VanEck predicts Sui ($16) and Aptos ($22) price increases by year's end, citing Sui's trading advantages and Aptos's scalability potential, but acknowledging market volatility.
VanEck senior investment analyst Patrick Bush has recently published a comprehensive article predicting that SUI to hit $16 and APT $22 at the year’s end.
VanEck comparison of the Layer-1 blockchains Sui and Aptos offers valuable insights into their respective strengths, weaknesses, and future market potential.
Furthermore, his analysis delves into key areas such as blockchain performance, scalability, ecosystem development, and trading advantages, ultimately projecting a price of $16 for SUI and $22 for APT by the end of 2025.
VanEck Report Favors $Sui Over $APT in Performance
Bush’s report highlights Sui’s potential for technical and trading optimization. Programmable trading blocks and DeepBook order book technology offer significant advantages, promising lower trading costs and enhanced liquidity on decentralized exchanges (DEXs).
Moreover, this optimized trading infrastructure “positions Sui favorably within the competitive landscape”. Conversely, Aptos’s architecture, characterized by dynamic parallel processing and a robust design, is presented as a potential long-term competitive advantage.
Notably, the report suggests that while Sui may currently lead in trading optimization, Aptos’s underlying architecture might offer superior scalability in the future.
The analysis emphasizes the crucial role of both technological innovation and ecosystem expansion in determining the long-term success of both projects.
While both Sui and Aptos demonstrate significant technological advancement, the report acknowledges the considerable challenges posed by established competitors such as Ethereum and Solana, as well as the emergence of new entrants in the blockchain space.
The Move’s Propelling Support
Central to the success of both Sui and Aptos is their utilization of the Move programming language. Move’s impact is far-reaching, creating a faster, safer, and more intuitive development environment for smart contract applications.
Notably, this streamlined development process, in conjunction with the optimized virtual machine (VM) architecture shared by both platforms, leads to faster transaction processing and increased throughput.
Move’s transformative impact shows in the substantial growth of Move-based blockchains’ total value locked (TVL), jumping from roughly $5 billion to $22 billion in just one year. However, projected prices of $16 for SUI and $22 for APT need consideration of the cryptocurrency market’s inherent volatility. Numerous factors, including regulatory changes, macroeconomic conditions, and technological developments, can significantly influence market performance.
