What are the price returns of Aptos?
As of May 16, 2023, Aptos has risen 19.7% since trading went live. The Aptos (APT) token was launched on October 19, 2022, and was available on Binance, Bybit, Kucoin, OKX, and FTX.
APT initially traded at $7.19, but ended May 16 at $8.60. After hitting $9.75 on Day 6, APT saw a decline in its price. It dropped to $3.85 on Day 23, a decrease of -46.4% from its first day of trading. This coincided with the collapse of FTX, which negatively affected the crypto market.
Between Day 23, and Day 83, APT stayed within the $3 to $5 range. During this period, it hit an all-time low of $3.21. This represented a -55.3% decrease in price since it went live. After Day 83, APT managed to break out of the channel before reaching an all-time high of $18.42. At its peak, it saw returns of 156.3% on Day 104, trading at $18.42. However, it has steadily dropped since then, and traded at $8.60 as of May 16.
What are the price returns of Sui?
As of May 16, 2023, Sui has dropped -3.2% since it was listed on centralized exchanges. The Sui (SUI) token was launched on May 3, 2023, and was available on Binance, Bybit, Kucoin, and OKX.
SUI initially traded at $1.25, but ended May 16 at $1.21. At its peak, it saw returns of 11.7% on Day 2, trading at $1.40.
Is Aptos bigger than Sui?
The market cap of Aptos and Sui differ largely. As of May 16, APT had a market cap of $1.69 billion, while SUI is at $0.64 billion. This represents a difference of $1.05 billion, with APT being 163.1% larger than SUI. Initial market caps for both projects also showed a stark difference, with APT starting with $0.94 billion on Day 1, vs SUI with $0.74 billion.
While Aptos and Sui are both built on the Move programming language, the similarities end there. The price action of both tokens shortly after launch has varied. APT saw its token price mostly appreciate since launch, with an average gain of 28.9% throughout the 210-day period. Meanwhile, SUI has experienced an average drop of -2.7% in the 14 days since its launch.
Methodology
The study examined the percentage price returns of Aptos (APT), and Sui (SUI) from October 19, 2022 to May 16, 2023, with data obtained from CoinGecko.
The study also examined the market cap of APT, and SUI from October 19, 2022 to May 16, 2023, with data obtained from CoinGecko.
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Shaun is a Research Analyst at CoinGecko, who has lived and breathed crypto since 2017. Previously a community manager for Synthetix and RedFOX, he dived down the crypto rabbit hole to grasp a better understanding of the industry. He now spends copious amounts of time on Crypto Twitter and Telegram, searching for the next idea for CoinGecko Research. Follow the author on Twitter @ShaunPaulLee
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