What If SUI Captures 10% of XRP’s Market Cap? Price Math Revealed

SUI (SUI) and XRP might be building in different parts of the crypto ecosystem, but both have managed to grab attention

The cryptocurrency market is known for its rapid shifts in attention and capital. While behemoths like XRP usually capture the limelight, smaller yet promising projects like Sui (SUI) are also steadily making their mark.

Both projects have different strengths and cater to diverse segments of the crypto universe. XRP, the digital asset created by Ripple, is recognized for its cross-border payment utility and has recently been making headlines with a legal victory against the U.S. Securities and Exchange Commission (SEC). On the other hand, Sui is a Layer 1 blockchain aiming to provide a scalable and developer-friendly environment for decentralized applications (dapps) and decentralized finance (DeFi).

Now, let’s consider a scenario where SUI manages to claim just 10% of XRP’s market cap.

To put that into perspective, XRP’s current market cap is $126.5 billion, and 10% of that amounts to $12.65 billion. At present, SUI is trading at $3.32 with a market cap of $11.21 billion. Given its circulating supply of 3.376 billion tokens, to reach a $12.65 billion market cap, SUI’s price would need to rise to approximately $3.74.

This scenario highlights how even a small shift in market focus and capital rotation can have a significant impact, especially when considering a project like SUI, which is already showing signs of growth.

Why SLI Is Being Mentioned Alongside XRP

As XRP continues to be a hot topic with new price highs and ETF rumors, there’s a discussion circulating about what will happen when the capital from XRP shifts to another coin.

With its large market cap and rising interest from institutions like Fidelity, any gains in XRP’s price are likely to be followed closely by those investing in altcoins, especially projects with strong infrastructure and use cases. Enter Sui.

Analysts have pointed out that as XRP usually experiences a rally, it tends to generate interest in other projects, especially if the capital from the mainnet token shifts to another token with even greater potential for gains.

In a recent analysis, Charles Harris noted that while XRP is recognized for its speed of transactions and low fees, it’s still limited by the same blockchain as Bitcoin, which can only process about 60 transactions per second.

However, projects like Sui are capable of handling thousands of transactions per second thanks to their architecture and the use cases being built by developers.

In essence, if we consider that XRP’s price might rise due to a shift in the market, we’re likely to see a discussion about which coin could be next in line for such a surge. With its lower market cap and rapidly growing ecosystem, Sui is frequently brought up in this context.

Especially as we zoom in on the last month’s developments, we can see that SUI’s TVL on DeFi Lama has risen by 38%, while its DEX volume has increased by 177%.

This activity is a sign of growing demand for the chain’s services and speed as more users and developers prefer Layer 1 chains that can keep up with the fast-paced world of Web3.

While XRP might be the main event in this scenario, for many investors, it seems that SUI is the high-potential side project that could be surprising everyone with its resilience and potential for gains.