Sui 'The Next Solana' Surges 20% In A Day, Trader Hails It As The One 'If You Missed Bitcoin'

Sui SUI/USD continues its meteoric rise, posting a 20% daily gain to add to its 112.9% monthly performance, being likened to Solana’s SOL/USD early days by traders.

What Happened: SUI’s total value locked is at record highs of $1.68 billion as of Dec.5, with the Layer-1 chain tipped to be one of the most promising projects in the cryptocurrency space,

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Sui SUI/USD	$4.23	$12.4 billion	+18.4%	+22.7%
Solana SOL/USD	$238.95	$113.6 billion	+5.1%	+1.4%
Polkadot DOT/USD	$11.07	$16.9 billion	+5.3%	+36.3%

Trader Notes: Crypto trader ShardiB2 highlighted Sui as a must-watch asset for those who missed Bitcoin's recent moves, emphasizing their prior call before the current price spike.

Similarly, macro investor Raoul Pal described Sui’s price chart as a “stairway to heaven” in a recent post on X. Pal also shared a chart comparing Sui to Solana:

$SUI vs $SOL… tick tick tick… pic.twitter.com/SM1pgnp9HH
— Raoul Pal (@RaoulGMI) December 5, 2024

Trader Tnut called Sui a “clean trade,” while analyst Alex Clay predicted an easy breakout above $5, citing "a perfect upward retracement off the ascending trendline."

Community News: Sui's rally follows the announcement of Phantom Wallet’s integration with the Sui ecosystem.

With over 7 million monthly active users and more than 560 million on-chain transactions year-to-date, Phantom Wallet is poised to enhance Sui’s adoption.

The integration will enable seamless asset swaps, native bridging and a more accessible trading experience for users.

The Sui Network praised the partnership, describing it as a key milestone in its journey to becoming a high-performance blockchain.

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