It is easy to know the attract of XRP (XRP -2.61%) for crypto buyers. Between November 2024 and January 2025, it soared practically 600% in worth, finally hitting a 52-week excessive of $3.39 in mid-January.
Nevertheless, since then, XRP has slumped badly. It is now down 35%, and exhibits little signal of regaining momentum. Consequently, I have been on the lookout for “the subsequent XRP” — a low-cost, high-upside cryptocurrency able to skyrocketing in worth identical to XRP. My high choose proper now’s Sui (SUI -5.22%), and this is why.
What’s Sui?
Sui is the newest in an extended line of extremely touted Ethereum (ETH -4.27%) challengers. Whereas Solana (SOL -5.11%) is presently the high Ethereum challenger, Sui has usually been known as a possible “Solana killer.” So, by way of present pecking order, there’s Ethereum, there’s Solana, and there is Sui.
Sui presently ranks No. 12 amongst all cryptocurrencies, with a market cap of $10 billion. That is all the extra spectacular on condition that Sui solely launched in April 2023. In simply two years, it has already grow to be certainly one of the high cryptocurrencies in the world.
Picture supply: Getty Photos.
To offer you an concept of simply how massive the potential market alternative is for Sui, Solana has an $80 billion market cap, whereas Ethereum has a $300 billion market cap. So if Sui manages to catch Solana, it would improve in worth eight-fold. If it manages to shut the hole with Ethereum, it would improve in worth by 30-fold.
Similarities between Sui and XRP
What’s significantly attention-grabbing is what number of similarities there are between Sui and XRP. Each are presently buying and selling at greater than 40% reductions to their all-time highs. Each additionally hit 52-week highs in January 2025, amid a wave of crypto euphoria.
That is not all. Each are robust candidates to get spot ETFs this yr, and each have high-profile Silicon Valley corporations backing them. XRP has Ripple Labs, whereas Sui has Mysten Labs. Thus far, Mysten Labs has raised over $300 million in financing to help the build-out of the Sui blockchain ecosystem.
Furthermore, in case you take a look at buying and selling exercise on the cryptocurrency trade Coinbase International (NASDAQ: COIN), each XRP and Sui rank amongst the high 5 cryptocurrencies by way of 24-hour buying and selling quantity. Whereas Sui is probably not a family identify fairly but, merchants are definitely conscious of it.
So why is Sui not producing the identical varieties of headlines as XRP? Nicely, Sui launched in 2023 as the crypto winter of 2022 was coming to an finish. That was dangerous timing, to say the least. The very last thing buyers wish to hear about when the market is at the very backside is a brand new, extremely speculative cryptocurrency.
Nevertheless, Sui has definitely made up for misplaced time, and is now beginning to entice extra consideration from institutional buyers. In August 2024, a analysis report from 21Shares (“Is Sui a Solana Killer?”) highlighted Sui’s spectacular efficiency metrics, together with its blazing-fast speeds.
Promote XRP, purchase Sui?
Will Sui actually have the ability to outperform XRP over the lengthy haul? It is dependent upon the long-term progress prospects of each. In the event you assume that Ripple (XRP) can grow to be a world chief in cross-border funds, you purchase XRP. In the event you assume that Solana and Ethereum are ripe for disruption, you then purchase Sui.
Going ahead, one main level of differentiation could be stablecoins, which have emerged as certainly one of the fastest-growing segments of the crypto market. Proper now, stablecoins look like taking an enormous chew out of XRP’s core enterprise (cross-border funds). In distinction, stablecoins are prone to be complementary for the Sui blockchain ecosystem, serving to to drive extra person exercise.
Upside potential in 2025
Based on on-line prediction markets, XRP has a 72% probability of hitting a worth of $3.40 earlier than the finish of the yr, and a 30% probability of hitting $3.75. Primarily based on its present worth of $2.20, which means XRP has a comparatively excessive probability of hovering 50% or extra by the finish of 2025.
Given all its similarities with XRP, I am anticipating Sui to fulfill or exceed this kind of efficiency. If Sui is ready to regain its highs from January, then it may soar greater than 75% by the finish of the yr. In case you are keen to just accept the danger of serious volatility forward, Sui could possibly be one more method to diversify your portfolio with a low-cost, high-upside cryptocurrency.
Dominic Basulto has positions in Ethereum, Solana, Sui, and XRP. The Motley Idiot has positions in and recommends Ethereum, Solana, Sui, and XRP. The Motley Idiot recommends Coinbase International. The Motley Idiot has a disclosure policy.
