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.