With Donald Trump sweeping to election victory, the market has reacted positively, with most altcoins pumping. The SUI price was one of the first to react and is now up 16% since the news broke, while Solana is up 13% in the same time frame.
Both cryptos have great potential for a moonshot, especially with the crypto market receiving its best possible news with the election victory. After all, Trump is a crypto and Web3 fan; he has his own NFT collection and has even promised the government will build a Bitcoin strategic holding, which will, of course, be bullish for the entire market. What does this all mean for both Sui and Solana?
The SUI price reacts positively to Trump’s win
Sui (SUI) has garnered plenty of attention since it launched in May 2023, and after a 16% boost after news of Donald Trump’s landslide victory, the SUI price is now just 2% short of its all-time high (ATH).
Built on a unique Move programming language, Sui emphasizes both scalability and user experience in the Layer-1 (L1) blockchain space. Its parallel transaction processing is designed to enhance throughput and lower latency, which is an essential aspect for any potential L1 competitor.
The recent Sui price surge reflects the broader market sentiment of going for newer cryptos that can scale. The market is likely to maintain bullish momentum post-election, and Sui’s advanced competitive architecture could continue to attract developers and investors, making it one of the more interesting cryptos in the DeFi and Web3 space.
Solana up 13%; now just 5% from 2024 highs
Solana (SOL) has been enjoying a 13% price increase as bullish sentiment sweeps the market. This rally aligns well with heightened demand for high-performing blockchains, such as Solana, as mainstream adoption continues to rise.
The network’s speed, efficiency, and scalability remain key attractions as developers continue to migrate from Ethereum. Looking ahead, Solana’s trajectory appears promising as anticipation mounts for a strong Q4, with many analysts predicting Solana will outperform other crypto assets.
Solana is a buy and hold, and although its biggest gains are likely in the past due to its huge market cap, it should be part of any diversified portfolio of L1s, DeFi, and Web3 projects.
SOL and SUI Price look bullish, but keep a diversified portfolio
The Solana and SUI prices look bullish, and both should do well into Q4 and the expected 2025 bull market. However, it’s important to be diversified with Bitcoin and a selection of L1s, L2s, Web3, and DeFi tokens.
A new token that’s caught the imagination of the market is Lunex Network (LNEX), a DeFi platform whose presale has raised $2m, and it’s still in its infancy. Analysts have been bullish on LNEX since it was first announced, with some predicting it to be the next 100x crypto.
Remember, we’re in a bull market, and that’s when new cryptos moonshot and bring life-changing gains. So, while the SUI price pump at 16% is bullish, and you should expect it to go way higher, a punt on a new crypto or two should have its place in that diversified portfolio.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
