VanEck "Sui to Reach $16 and Aptos $22 by Year-End… Expecting Over 300% Increase"

Minseung Kang

Summary

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.

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."

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