Similarities between
$SUI and
#STRK✈️ I still remember very clearly the day Sui announced no airdrop, the community was extremely angry and everyone said this would be a deadchain because no one supported it. The price of
$SUI has dropped from somewhere around $1.5 to $0.37, further confirming those criticisms.
However, after a series of positive news recently, people started to FOMO again and talk about technology, talk about potential,... and the result is shown in the price line when this is one of the best Layer1s in the market, the community has since then turned back to Sui.
Looking at Layer 2, Starknet at the present time also has many similarities with Sui when:
1️⃣
Both were invested by large investment funds and one of them encountered problems:
- Starknet encountered problems after 3AC collapsed.
- Sui encountered problems after FTX collapsed.
2️⃣
The core team are all famous and experienced faces:
- StarkWare was very successful with dYdX, IMX,...
- Mysten Labs was separated from Facebook's DIEM.
3️⃣
Both projects had a TGE with both success and failure when:
- Success because FDV when listed was at a very high level (received high appreciation from investors).
- Failure when not receiving support from the community because of missed airdrop or no airdrop.
#bitcoin #binance