Stormrake - Insights #MOODENGStormrake - Insights #MOODENGhttps://www.stormrake.com/blogs/tag/moodengFri, 10 Apr 2026 18:45:11 +1000http://zoho.com/sites/<![CDATA[Sui, the new Ethereum or Solana?]]>https://www.stormrake.com/blogs/post/sui-the-new-ethereum-or-solanaWe saw Ethereum dominate 2017 and Solana rule 2021—now, could it be SUI’s turn to dominate in 2025? We explore key innovations and trends that suggest Sui might be the play for 2025.]]>

Major Altcoins; Past, the Present and the Future?

The cryptocurrency market has seen cycles dominated by different blockchains. Ethereum took the spotlight in 2017, Solana in 2021, and now, with Sui’s rapid rise, will it follow the same explosive trajectory. Here, we explore the performance of these blockchains during their peaks, compare their tokenomics and funding, and project what the future might hold for Sui.

Founders and Funding: Ethereum, Solana, and Sui's Paths

Ethereum, founded by Vitalik Buterin in 2015, fundamentally changed the blockchain landscape by introducing smart contracts—programmable agreements that operate autonomously on the blockchain. This innovation allowed Ethereum to become the foundation for decentralised applications (dApps) and Initial Coin Offerings (ICOs), fueling its explosive growth. Ethereum raised approximately $18 million through a crowdsale, and this funding, combined with its first-mover advantage, helped cement Ethereum’s place as the dominant smart contract platform.

Solana, founded in 2017 by Anatoly Yakovenko, was initially focused on decentralised stock exchanges but quickly pivoted to becoming a general-purpose blockchain. Solana raised around $25 million across several funding rounds and later secured $314 million from institutional investors, including FTX, in 2021.

Sui has a different origin. Developed by ex-Meta engineers, Sui emerged from Facebook’s ill-fated Libra/Diem project. After Libra was abandoned, the core team split into two, forming Aptos and Sui, with Sui focusing on innovations in blockchain technology through the Move programming language. Sui raised nearly $400 million between 2021 and 2023, positioning itself as a rising contender in the space.

Technology: Ethereum’s Flexibility, Solana’s Speed, Sui’s Innovation

Ethereum’s biggest strength lies in its smart contract platform, which allows developers to build decentralized applications across various use cases, from decentralized finance (DeFi) to NFTs. Since transitioning from Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism in 2022, Ethereum has made strides toward improving its efficiency. However, it has faced challenges with scalability and high gas fees, limiting its ability to handle large volumes of transactions. The good news is that Ethereum’s ability to undergo upgrades, such as layer 2 solutions and future network optimizations, aims to significantly reduce on-chain fees and improve scalability, keeping it competitive.

Solana addressed these scalability issues with its Proof of History (PoH) innovation. PoH timestamps transactions, allowing them to be processed in parallel with its Proof of Stake system, giving Solana a theoretical capacity of 200,000 transactions per second (TPS). Solana’s fast block times (400 milliseconds) make it one of the fastest blockchains, but it has suffered from reliability issues, experiencing multiple network outages.

Sui introduces a novel approach by using the Move programming language and an object-based model, which allows for highly scalable and flexible transaction handling. Unlike Ethereum’s account-based system, Sui tracks objects, enabling faster and more efficient smart contract execution. In tests, Sui achieved 297,000 TPS with finality times of 390 milliseconds, making it technically faster than both Ethereum and Solana. However, with only 8 active validators, Sui’s current network is more centralised than its competitors.

Tokenomics and Funding:

Ethereum has no maximum supply of tokens, and it operates under a deflationary mechanism where tokens are burned during transactions. This deflationary tokenomics helps maintain ETH’s value despite its high circulating supply. While Ethereum’s initial coin offering (ICO) raised $18 million, it continues to attract massive institutional investment and remains the dominant platform for developers, despite its scalability issues.

Solana launched with an initial supply of 500 million SOL tokens, which were distributed aggressively to investors, team members, and the Solana Foundation. Despite concerns over centralization due to large early allocations, Solana’s supply has been steadily released into circulation, and it currently follows an inflationary model that will eventually taper down to 1.5% inflation.

Sui, with a maximum supply of 10 billion Sui tokens, has followed a more structured release, with significant token allocations set aside for community reserves and staking rewards. Its aggressive vesting schedule, combined with a unique storage fee system (allowing users to partially redeem storage fees by deleting non-essential data), offers a different take on tokenomics compared to Ethereum and Solana.

Performance Comparison: Ethereum’s 2017, Solana’s 2021, and Sui’s 2025?

Each blockchain has had a moment of incredible growth, driven by unique market dynamics. Here's a look at how their price movements compare:

Ethereum’s 2017 Monster Performance: 

Ethereum saw explosive growth during the ICO craze, where almost every new project launched on ETH. On January 1, 2017, Ethereum was priced at $8.05, and by December 19, 2017, it hit a peak of $870. It closed the year at $741.71, showcasing a massive return. Ethereum remains strong, currently trading around $2,433.

Solana’s 2021 Masterclass: 

Solana experienced a similar surge in 2021 during the memecoin craze, where retail investors flocked to the network to bet on speculative tokens. Starting at $1.50 on January 1, 2021, Solana reached an all-time high of $259.9 on November 6, 2021, before closing the year at $169.99. Solana now trades at $143, having maintained significant value despite the market's volatility.

Sui's 2025??
 
Sui’s current trajectory suggests it may follow a similar path to Ethereum in 2017 and Solana in 2021. Sui started 2024 at $0.7753 and reached a high of $2.34 in October 2024. If market conditions align, Sui could see significant gains by 2025, driven by its innovative technology and growing ecosystem.
ETH 2017

ETH 2017

18,000% increase

SOL 2021

SOL 2021

11,200% increase

SUI 2025

SUI 2025

How much will SUI increase??

Price Projections: Sui’s Potential Compared to Ethereum and Solana

To get a clearer understanding of Sui's potential, we can project its price if it reaches various percentages of Ethereum’s and Solana’s peak market caps:
  • Ethereum reached a peak market cap of $560 billion during its 2021 bull run, while Solana peaked at $90 billion.
  • Currently, Sui’s market cap sits at $5.5 billion, and its price is $2.

Using these figures, we can project Sui’s price if it were to reach 25%, 50%, and 100% of Ethereum's and Solana's peak market caps:

Ethereum's Peak Market Cap ($560 billion):

  • At 25% of ETH's peak: Sui would need to increase by 2445.5% to reach $50.91.
  • At 50% of ETH's peak: Sui would need to increase by 4991.0% to reach $101.82.
  • At 100% of ETH's peak: Sui would need to increase by 10082.0% to reach $203.64. 

Solana's Peak Market Cap ($90 billion):

  • At 25% of SOL's peak: Sui would need to increase by 309.0% to reach $8.18. 
  • At 50% of SOL's peak: Sui would need to increase by 718.0% to reach $16.36. 
  • At 100% of SOL's peak: Sui would need to increase by 1536.5% to reach $32.73.

These projections suggest that Sui has significant upside potential, especially if it captures even a fraction of the market share that Ethereum and Solana reached during their peaks. As Sui's technology and ecosystem mature, it could easily rise to challenge these heights, particularly with its innovative use of the Move programming language.

Total Transactions: Solana Leads, Sui Rises, Ethereum Falls Behind

Transaction volume is a key metric to assess a blockchain’s success. Over the past 30 days:


Solana remains the top destination for memecoins, while Sui is quickly gaining traction, offering faster and cheaper alternatives. In contrast, Ethereum's transaction volume lags as it struggles with scalability and cost, pushing developers toward more efficient networks like Solana and Sui.
While Ethereum, Solana, and Sui each bring something unique to the table, the future may not necessarily belong to just one blockchain. Ethereum laid the groundwork, becoming the dominant platform during the ICO craze of 2017. Solana, with its focus on speed and scalability, took over in 2021, benefiting from the memecoin boom and retail interest.

Now, Sui is emerging as a possible successor, with its innovative object-based blockchain technology and scalability through the Move programming language. If Ethereum was the pioneer and Solana the fast follower, Sui might be the next in line to capture the market’s attention in 2025, especially as developers flock to its ecosystem.

In summary, Ethereum was the first altcoin to succeed, and Solana successfully replicated Ethereum’s 2017 success during its 2021 bull run. Now, the question is whether Sui can replicate either of these impressive trajectories. Investors and developers should closely 

Written by Alexandar Artis

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Reach out to us at Stormrake for further market insight and allow us to help you navigate the sea of mania and laser-eye memes, so that you can realise your goals in the market!

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Fri, 18 Oct 2024 13:54:33 +1100<![CDATA[Are Memecoins Set to Take Over?]]>https://www.stormrake.com/blogs/post/Are-Memecoins-Set-to-Take-Over

Meme Coins: The High-Risk, High-Reward Play for This Bull Run

The cryptocurrency world is gearing up for another bull run, and while many will focus on blue-chip tokens or regular altcoins, meme coins may be the answer to a perplexing puzzle of how to capture the elusive 100x gains. Often dismissed as speculative jokes, meme coins have proven their staying power and ability to deliver astronomical returns. In this article, we’ll dive into why meme coins, despite their volatility, offer some of the biggest opportunities in the market, and how to navigate the risks that come with them.

DOGE: The Undisputed OG of Meme Coins

Dogecoin (DOGE) stands as the pioneer in the meme coin space, continuing to dominate with an unmatched level of community backing. It wasn’t just hype that propelled DOGE to a peak market cap of $97 billion during the last bull run; it was the collective belief of a loyal fanbase who embraced its fun, light-hearted nature, along with strong support from Elon Musk, who frequently 'promoted' the project. Though it started as a joke, DOGE's market presence is no laughing matter, and it remains a bellwether for the broader meme coin sector.
Doge Marketcap Performance since 2021, Source: https://www.coingecko.com/en/coins/dogecoin

The Big Dog and The Frog

WIF and PEPE, though only 11 months and 17 months old respectively, have already solidified their place at the top of the meme coin space, and ranking 28th and 39th in the entire cryptocurrency market. These aren’t just new entrants; they’ve quickly risen to become some of the largest-cap meme coins across the SOL and ETH ecosystems. With WIF currently boasting a $2.6 billion market cap and PEPE at $4.4 billion, they’ve captured the attention of investors and are now seen as staples in the meme coin world.

Despite their massive growth, the potential upside is still enormous. If WIF were to reach a $25 billion market cap, its price would jump to $25.19, and at $50 billion, it could surge to $50.38. These kinds of gains show that even the larger meme coins still offer retail investors significant profit opportunities as the market heats up. WIF and PEPE may not have the history of DOGE, but they’ve earned their place as leaders in this space, proving that meme coins can break into the big leagues just as quickly as they appear.

The Harsh Reality: Most Meme Coins Will Go to Zero

Meme coins are high-risk, high-reward. While very few will thrive, the overwhelming majority—99.9%—will likely fail. Only the strongest coins, usually the first movers on their respective blockchains, stand a chance of surviving long-term. The key to navigating this space is recognizing that meme coins are speculative investments, and only a small number will emerge from the frenzy with lasting value.

Memecoin Gains: A New Hope for Retail Investors

Meme coins represent one of the last opportunities for retail investors to experience the massive returns that are now much harder to capture in traditional altcoins. With early altcoin seed rounds dominated by VCs and institutional investors, retail investors are left with fewer chances for 100x or 1000x gains. Meme coins, driven by viral social media trends and FOMO (fear of missing out), still offer retail investors a chance to get in early and potentially reap huge profits.

Spotting a Winning Meme Coin

Given the risky nature of meme coins, how do you identify the ones with potential? A few characteristics can help you spot a winner:

  • Strong community: Successful meme coins have dedicated, passionate communities that believe in the coin, often beyond its actual utility.
  • Memes and rhetoric that stick: The coin needs to have a funny or relatable narrative - that captures attention, like DOGE or the current hype of $MOODENG, based off the viral baby hippo in Thailand..
  • Social media buzz: Meme coins that dominate platforms like Twitter, Reddit, or TikTok often have the best chance of exploding in value. But this is also where the most rug pulls occur.

Social Media Presence: Where Hype Meets Caution

Meme coins thrive on social media, but not all hype is created equal. Recently, celebrities and influencers like Andrew Tate with $DADDY and Iggy Azalea with $MOMMY have launched their own meme coins. During the 2021 bull run, countless rappers, actors, and social media figures jumped on the meme coin trend, aggressively promoting tokens to inflate prices before selling off, often leaving their followers with significant losses. This pump-and-dump cycle is unfortunately common, so even when you see a meme coin gaining traction online, it’s essential to approach with caution.

TikTok, in particular, was notorious for this kind of shilling during the 2021 bull run, with influencers pushing coins like Shiba Inu (SHIB) and claiming it could reach $0.10. However, if SHIB were to hit $0.10, it would be valued at $39.4 trillion USD, making it the most valuable asset in history—an impossible target. While social media is a powerful tool for meme coin adoption, always approach these trends with scepticism.

Conclusion: Meme Coins, A High-Risk Bet with High Potential

Meme coins can be rocket fuel for a crypto portfolio, but understand that with the potential for increased upside comes a sharp increase in volatility and risk. While 99.9% of meme coins may go to zero, the few that survive could bring face-melting gains, making them an important part of any speculative crypto portfolio.

If you're unsure whether to allocate to memecoins, consult your dedicated Stormrake Crypto Broker. In a space driven by community, social media, and hype, meme coins are where retail investors can still capture lightning in a bottle. But as always in crypto—proceed with caution, do your research, and be ready for a volatile journey.

Written by Alexandar Artis

Create a brokerage account today

Get Started

Reach out to us at Stormrake for further market insight and allow us to help you navigate the sea of mania and laser-eye memes, so that you can realise your goals in the market!

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Thu, 10 Oct 2024 13:29:46 +1100