Sui Crypto Targets Top 10: Could It Flip Cardano By 2026?

Sui Network (SUI) is among the top Layer 1 (L1) blockchains receiving much attention, especially post-FOMC meeting. The Feder

\al Reserve cut rates by 25 basis points (bps), and the financial markets reacted positively.

Besides the price gains, SUI partnered with 60+ companies and cryptos to launch the AI Payments Protocol at Google.

The performance of Sui Crypto in the last quarters of the year is noteworthy, as it outperformed its peers. Additionally, we will assess if SUI will enter the top cryptos by market cap by flipping Cardano (ADA).

Sui Crypto Lead Major Layer 1s Post-FOMC

The cryptocurrency market turned green after the Fed agreed to cut rates. Bitcoin (BTC) and Ethereum (ETH) did not react as expected, but SUI crypto appeared to fill this gap among the Layer 1 chains.

As per data on TradingView, Sui crypto led the surge by more than 7%. It was further followed closely by Bitcoin Cash (BCH) at 6%. Sei Network (SEI) and Binance Coin (BNB) closed the list for the top 4 with 4.75% and 4%, respectively.

Aptos (APT), Cardano, Solana (SOL), Ripple (XRP), ETH, and BTC completed the top 10 list. In fact, BTC declined by 0.05% following the FOMC’s decision on rate cuts. Traders expect better performances from these major L1s, especially BTC and ETH, as more rate cuts continue.

The post-FOMC rally has been rewarding, especially for SUI holders. The news came at perfect timing as the third quarter of the year nears a close; only two weeks are left. Historically, Q4s in crypto have been bullish, and signs were starting to show in the Sui crypto price.

SUI Price Confirms Retest Of The Breakout

On the daily price action chart, Sui crypto exhibited similar success in competition with its L1 peers post-FOMC. The Heiken-Ashi candles showed the altcoin was in excellent momentum towards its lost support levels. It had turned into resistance.

As per Satoshi Flipper on X, more upside was coming after the successful retest of the breakout. In the post, the analyst wrote, “Very clean price action for $SUI as price completes a successful retest of its falling wedge breakout…MUCH HIGHER.”

The prediction supported the earlier forecast when SUI crypto was on the verge of breaking out of the wedge.

Analysts believe Sui crypto could surge past $4.50, driven by bullish technical patterns and rising institutional interest. Some traders expect it to overtake major Layer 1 blockchains in the market cap soon.

Conversely, SUI could see rejections at $4 and $4.50. Such an outcome would hinder a rally past $5. This was much needed for the altcoin to flip the Cardano market cap.

Can Sui Crypto Flip Cardano and Claim Top 10?

The Sui community expressed their high expectations of the L1 chain with a bold projection. The Sui Commentary page on X forecasted that SUI could surpass Cardano in market cap by 2026. This move would place SUI among the top 10 cryptocurrencies globally.

But what was required for this participation to become a reality? The current Sui crypto market is $14 Billion, while Cardano’s is almost $34 billion, per CoinGecko data.

From a numerical perspective, SUI needed to rise 2.41 times from its reading when writing. Also, Cardano should hover around its current market cap.

Technically, it was almost impractical for Cardano to remain stagnant, given the volatility of crypto assets. However, the call seemed plausible.

In conclusion, if SUI continued its momentum, flipping Cardano to enter the top 10 was viable. This is because Sui crypto has been in the market for about 2.5 years.

At the same time, Cardano has been around for 8 years. Sui had already reached almost half its cap in a shorter period. Still, this was an uphill task.