Chart Analysis: SUI Eyes Reversal, ICP Remains Pressured Below $5
- SUI’s development activity has recently outpaced ICP, supported by its integration with Babylon.
- SUI’s technical chart indicates a possible breakout, especially if it clears $2.16.
- Analysts have said that as long as ICP retains above $2.84, the downtrend is just a correction.
Layer-1 protocols Sui Network (SUI) and Internet Computer (ICP) are in the spotlight of crypto investors searching for the next explosive blockchain project with impressive utility.
Both SUI and ICP boast significant development activity and partnerships aimed at driving long-term adoption within their ecosystems.
How Do SUI and ICP Compare on Development Activity?
On-chain data from Santiment highlights a recent shift: SUI now shows a surge in development activity, surpassing ICP in current code commits, even though ICP has historically led in this metric.
This data indicates SUI currently leads in ongoing code commits and repository contributions, suggesting strong short-term builder momentum on the network.
In contrast, ICP built a more consistent and larger development base, particularly noted betwee…
The post Chart Analysis: SUI Eyes Reversal, ICP Remains Pressured Below $5 appeared first on Coin Edition.
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Chart Analysis: SUI Eyes Reversal, ICP Remains Pressured Below $5
- SUI’s development activity has recently outpaced ICP, supported by its integration with Babylon.
- SUI’s technical chart indicates a possible breakout, especially if it clears $2.16.
- Analysts have said that as long as ICP retains above $2.84, the downtrend is just a correction.
Layer-1 protocols Sui Network (SUI) and Internet Computer (ICP) are in the spotlight of crypto investors searching for the next explosive blockchain project with impressive utility.
Both SUI and ICP boast significant development activity and partnerships aimed at driving long-term adoption within their ecosystems.
How Do SUI and ICP Compare on Development Activity?
On-chain data from Santiment highlights a recent shift: SUI now shows a surge in development activity, surpassing ICP in current code commits, even though ICP has historically led in this metric.
This data indicates SUI currently leads in ongoing code commits and repository contributions, suggesting strong short-term builder momentum on the network.
In contrast, ICP built a more consistent and larger development base, particularly noted betwee…
The post Chart Analysis: SUI Eyes Reversal, ICP Remains Pressured Below $5 appeared first on Coin Edition.
Read More