Sui Network Overtakes ICP in Developer Activity Amid Bitcoin Security Push

Sui Network (SUI) has taken the lead over Internet Computer (ICP) in recent developer activity, signaling a shift in builder momentum across top layer-1 blockchains. According to data shared by crypto analyst Zero2HeroZombie, SUI has surpassed ICP in current code commits and repository updates, a reversal of past trends where ICP consistently led in this area.

The recent spike in Sui’s development activity follows its integration with Babylon Protocol. Sui Proof-of-Stake consensus mechanism operates through an integrated system with Bitcoin security to boost its DeFi infrastructure capabilities. This change positions Sui as an infrastructure that provides Bitcoin security features to gain developer interest in robust security platforms.

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SUI currently holds a market cap of $6.82 billion and trades at $2.10. Market charts show the token’s RSI at 44.39, indicating a possible bullish reversal as it trends upward. SUI maintains a strong position near multiple resistance levels at $2.06 within a wide area of demand extending to $2.16 and $2.48. Market levels at $2.16 and $2.48 may present entry points for price growth towards $2.87 followed by potential gains up to $3.25.

Internet Computer maintains reduced development involvement although it used to rule the market space in the past. Through its development by Dfinity ICP works toward an internet revolution by giving developers complete ability to execute applications within blockchain infrastructure. The platform maintains its technical aspirations but Sui shows more activity compared to Internet Computer throughout the past few weeks.

Technical Signals Reflect Diverging Trajectories for SUI and ICP

ICP trades at $4.75 with a market capitalization of $2.3 billion. The MACD indicator shows bearish momentum, and the histogram confirms increased selling pressure. However, the price recently bounced from the lower Bollinger Band at $4.60 and is now testing resistance at $4.80 and $5.04.

Long-term support for ICP is seen at $2.84. A move beyond $15.59 is needed to trigger a major trend reversal. Despite a strong foundation built between 2021 and 2023, ICP now faces stiff competition from newer, fast-rising networks like Sui.

Conclusion

Sui Network’s rapid developer growth and new integrations are drawing industry focus. As ICP maintains its long-term strategy, SUI appears to be gaining ground with a fresh wave of innovation and security enhancements.

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