VanEck "Sui to Reach $16 and Aptos $22 by Year-End… Expecting Over 300% Increase"
- VanEck forecasts that Sui and Aptos will show strong performance this year, reaching $16 and $22 respectively.
- This implies an increase of 326% and 201% compared to the current prices.
- The report stated that Sui and Aptos are likely to have an advantage over Ethereum in terms of transaction processing capabilities.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
VanEck, a U.S. asset management firm, analyzed in a report that Sui and Aptos are likely to show strong performance this year.
On the 29th (local time), Patrick Bush, VanEck's Senior Investment Analyst for Digital Assets, projected in a research report that "considering the blockchain's performance, scalability, ecosystem, and transaction experience, Sui could rise to $16 and Aptos to $22 this year." This represents an increase of 326% and 201% respectively compared to the current prices.
Sui and Aptos are blockchain projects developed by former Meta (formerly Facebook) developers, characterized by using the MOVE programming language to enhance smart contract execution speed and security.
The report analyzed, "If Ethereum (ETH) is like a restaurant where a single chef handles orders one by one, Sui and Aptos are like a restaurant where multiple chefs handle orders simultaneously." It further projected, "Especially Sui is likely to gain an advantage based on larger transaction volumes and an activated ecosystem."

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
[Today's Global Trending Coins] Solana, Bitcoin, KIP Protocol & Others
32 minutes ago![[Today's Global Trending Coins] Solana, Bitcoin, KIP Protocol & Others](https://media.bloomingbit.io/prod/news/b55f2664-30c3-41cf-8886-68507f3e042d.webp)
[Analysis] "Bitcoin liquidity flow indicator turns negative... signals bearish market"
3 hours ago![[Analysis] "Bitcoin liquidity flow indicator turns negative... signals bearish market"](https://media.bloomingbit.io/prod/news/a7d96066-629b-4384-a3c0-7c3d9bd5e55c.webp)
"Over 600,000 New Coins Launched Last Month Alone... Will Alt Season Be Delayed Due to Liquidity Dispersion?"
15 hours ago
"Hong Kong Financial Authorities Consider Introducing Virtual Asset Leverage and Inverse ETFs"
17 hours ago
'Trump Effect' Expectations Soar... 'Bold Forecasts' for Altcoins
18 hours ago