The Best Cryptocurrencies to Buy Right Now (Hint: It’s Not Bitcoin)

performance Bitcoin (Bitcoin -1.16%) This year has been nothing short of exceptional. It’s now up about 46% since the election on November 5, and 146% year to date. Best of all, Bitcoin It recently broke through the $100,000 price level to reach another all-time high north of $108,000.

But what if I told you that there is another cryptocurrency that has risen in value by more than 120% since the election, and by 430% year to date? And that this cryptocurrency also achieved a new all-time high? That cryptocurrency but (but -5.71%)which now ranks 14th among all cryptocurrencies with a market cap of $13 billion.

What is Sui and why have I never heard of it before?

If you’ve never heard of Sui before, that’s understandable. The cryptocurrency was only launched in May 2023, just as the market was emerging from the crypto winter of 2022. So, in many ways, its launch was under the radar of investors. There were bigger issues to consider. The industry was still dealing with the aftermath of the cryptocurrency exchange collapse and scandal FTX It’s November 2022, and no one is very interested in hearing about the launch of another new cryptocurrency.

But fast forward to August 2024. That’s when 21Shares – the company partnered with Cathie Wood’s Ark Invest – launched spot trading funds (ETFs) for Bitcoin and Ethereum (Ethereum -1.71%) – He released a research report on Sui, detailing all of his unique characteristics. For example, I described how a new technology upgrade suddenly made Sui faster than any other blockchain by a significant margin. He pointed out how Sui is growing rapidly in terms of total value locked (TVL), a key metric that shows the relative strength of a particular blockchain.

Report title (“Did A Solana (Sol -3.37%) Killer?”) was very provocative, at least for cryptocurrency investors. It indicated that Sui had the technological skills to deal with him Solanawhich now ranks as the fifth largest cryptocurrency. For several years now, Solana has been touted as the next Ethereum, so labeling Sui as a potential Solana killer is a big deal. In fact, 21Shares suggested there could be a $68 billion market opportunity for Sui if it can beat Solana and win.

How far can Sui reach in 2025?

My main concern now with Sui is that he might be overheated. Just like Bitcoin, it is smashing all-time highs after all-time highs. Currently, Sui is trading at around $4.50 after briefly testing the $5 price level. From a cryptocurrency traders perspective, $5 represents the same psychological price barrier for Sui that $100,000 represents for Bitcoin. It took Bitcoin some time to break through the $100,000 level, so Sui may not be able to break through the $5 price level by the end of this year.

But, in 2025, watch out. Just look at this comparison chart between Bitcoin and Sui since the presidential election. This leads me to believe that the market is very bullish on Sui’s prospects under the Trump administration.

Bitcoin/USD chart By TradingView

Furthermore, consider the trading volume Sui is seeing now Coinbase International (currency 1.75%). Sui has become one of the 10 most popular cryptocurrencies on the platform in terms of 24-hour trading activity. Sui’s trading volume is certainly nowhere near that of Bitcoin or Ethereum. But there is more activity in Sui than in popular cryptocurrencies such as Chain link, Litecoin, Cardano, Shiba Inuand Avalanche.

Best of all, Sui has a big new product launching in 2025. It’s a $599 portable gaming device that’s currently available for pre-order online. If this product launch is successful, it could be to Sui’s advantage. The price could easily double to reach the $10 price level.

This cryptocurrency could soar higher if it realizes its full potential as the next Ethereum. Imagine if you had invested in Ethereum just 18 months after its launch. Most likely, you will be a cryptocurrency millionaire by now. In December 2016, Ethereum was trading around $5, which is roughly where Sui is trading at the moment. Today, Ethereum is trading at around $3,400.

However, I cannot stress enough how much Sui guessed. It’s still a baby in terms of cryptocurrencies. It has only been around for 18 months, and it can be difficult to get good data and reliable information about it. So, do your due diligence before investing in Sui, and keep your expectations in check. An investment opportunity like Ethereum might only come around once in a lifetime, so it took a lot for it to happen to Sui as well.