SUI Flips LINK, Sets Sights on Half of Cardano Market Cap as Price Continues Ascent

• SUI overtakes Chainlink to become the 10th-largest non-stablecoin crypto asset.
• SUI’s market cap reaches $11.2B, with daily trading volume above $1.48 billion.
• Cardano remains ahead, but SUI’s value now exceeds one-third of ADA’s.

SUI’s continued price ascent drove it into the top 10 non-stablecoin crypto rankings on May 6. This climb included flipping Chainlink (LINK) in market value. Now firmly in the top ranks, SUI appears focused on its next major goal: reaching a value equal to half of Cardano’s (ADA) market cap.

Price Ascent Fuels LINK Flip

SUI’s market cap has reached approximately $11.25 billion, overtaking Chainlink’s $8.9 billion. The flip comes amid a price increase, with SUI trading at $3.36 at the time of writing, a 0.8% drop in the past day. SUI has been on an impressive run in the past month, with a 53.75% rise. 

Related: Flora Growth Enters Crypto With $1M Bet on ETH, SOL, XRP, SUI

The 24-hour trading volume for SUI now exceeds $1.59 billion, reflecting strong investor interest. In comparison, Chainlink trades at $13.54, a 3.5% drop in the past day. Its daily transaction volume of $262 million is also lower than SUI, suggest…

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