In an unexpected turn, the price of SUI has skyrocketed, surpassing XRP not only in growth but also in investor interest. But what really stands out is the avalanche of institutional capital flowing into SUI. With $21 million in inflows so far this month, SUI is positioned as one of the highest-performing altcoins, only surpassed by the giant Ethereum.
In contrast, XRP, which has historically been a favorite among institutions, has only garnered $8.6 million in the same period.
Is a change of course for XRP?
This shift in preference is concerning for XRP. Institutions are redirecting their focus, leaning more towards the potential of SUI than the established presence of XRP in the market. The appeal of SUI for investors lies in its scalability and its focus on the Web3 space, perfectly aligned with current trends in decentralized finance (DeFi) and blockchain-based applications.
The superiority of SUI in the scalability of decentralized applications (dApps) makes it a more attractive option for institutions looking to align their investments with long-term trends in blockchain technology.
