- 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 between 2021 and 2023.
SUI, on the other hand, is showing more volatile but currently rising development efforts, suggesting increased innovation or preparation for new releases like the Babylon integration.
Project Overviews
What’s Driving Sui Network (SUI)?
With a market cap of $6.82 billion, SUI trades at a price tag of $2.10. Built as a next-gen layer-1, SUI focuses on high throughput, low latency, and object-centric data management.
A key recent development is SUI’s integration with Babylon Protocol. This move aims to leverage Bitcoin’s security for SUI’s Proof-of-Stake consensus, effectively making SUI a Bitcoin-Secured Network and connecting BTC’s massive security layer to SUI’s DeFi ecosystem.
Related: April Sees Major Token Unlocks for TRUMP, SUI, CIRQ, APT, AXS and More
As per the chart below, Sui’s RSI is at 44.39, slightly below the neutral 50 zone, but turning upward, suggesting a potential bullish reversal. Additionally, SUI is holding support around $2.06, bouncing off a multi-level demand zone.
Source: TradingView
Fib levels suggest near-term resistance at $2.16 and $2.48, with breakout potential toward $2.87 (2.618 Fib) and $3.25 (3.618 Fib).Internet Computer (ICP).
What About Internet Computer (ICP)?
With a market cap of $2.3 billion, ICP trades at $4.75. Developed by Dfinity, ICP seeks to reimagine the internet by letting developers build software directly on-chain—no servers, no intermediaries.
Apps on ICP run autonomously and are tamper-proof, creating a truly decentralized backend. While Internet Computer is technically ambitious, the ICP token is struggling to gain retail traction.
Technical analysts note $2.84 as a key long-term support level; holding above it might frame the current downtrend as a correction. A significant move above $15.59 would be needed to signal a major trend reversal.
The chart below shows that the MACD indicator for the ICP price action remains bearish and the histogram also confirms a surge in selling pressure for the cryptocurrency.
Related: Two Big Blockchains, Cardano and ICP, Eye a Partnership
Source: TradingView
The ICP price action bounced from the lower Bollinger Band support at $4.6 and now eyes the middle Band resistance at $4.8 and the upper Band resistance at $5.04.
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