K33 Research analysts believe that Sui (#SUI ) could rival Solana (#SOL ) with its recent development.
K33 DeFi analyst David Zimmerman stated in a research note dated September 18 that $SUI may have better historical and architectural features compared to Solana. "Solana is usually at the forefront of Tier-1 projects, but SOL/ETH is up 6 percent since the August sell-off, while SUI/SOL is up 115 percent in the same period," Zimmerman said.
Sui gives hope for the next bull season On September 17, stablecoin issuer Circle announced the launch of its own native USD Coin (USDC) on the Sui network. With the wind of the news, the token rose by more than 30 percent in a short time.
This increase in parity also mobilized other coins in the ecosystem. Cetus Protocol (CETUS) and Scallop (SCA) operating on the network have increased by more than 50 percent in just one week.
It is currently unclear which network will make a big breakthrough. With the rise of the market, developers and projects will play their cards. Although most investors are working on the new Solana, it seems that it will not be easy. The increasing number of projects and the characteristics of the sectors will make the job difficult.
#Suiusdt #binance #altcoins