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SUI Gains Ground on XRP as Institutional Backing Soars in Web3 Space

  • SUI has gained significant institutional attention with over $21 million in inflows during May, positioning it as one of the top-performing altcoins, second only to Ethereum.
  • SUI prioritizes scaling decentralized applications, attracting institutions aligned with DeFi and Web3 trends, contrasting with XRP's focus on payment and remittance solutions.
  • SUI's growing appeal lies in its alignment with emerging trends in decentralized finance and blockchain-based applications, making it a strong contender in the evolving market landscape.
  • The SUI price has experienced a 70% gain over the past month, facing resistance at $4.0, with bullish sentiments indicating potential upward momentum in the future.

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