Can SUI surpass SOL in the future, or is it just a flash in the pan?
As an emerging L1 project that has attracted much attention recently, SUI's development prospects have always attracted much attention.
Many people compare it with SOL and even believe that SUI is expected to surpass SOL's performance. The reality is not entirely so.
Although the number of old ecological projects and recent new projects of SUI has increased, their performance in the market has not been as bright as expected.
This can't help but raise questions: Can SUI still rise?
Looking back a few months ago, I sorted out the development status of various L1 projects and compared SUI with APT.
At that time, SUI's on-chain activity and the efforts of the foundation exceeded APT, which gave me great confidence.
Today, SUI has indeed risen almost 5 times from its low point, which to some extent verifies the judgment at that time.
What we cannot ignore is that SUI is still a VC coin, and its price is affected by many factors.
Recently, the price of SUI has risen to near the previous high, but this has also caused some concerns. Because as the project continues to develop, the unlocking volume of SUI is also increasing.
64M of SUI was just unlocked in October, and in the next 20 days, 590K will be unlocked every day for 90 days. This undoubtedly puts a lot of pressure on the liquidity of SUI.
When liquidity has not fully entered the currency circle, I remain skeptical about the continued rise of SUI.
Although SUI has good development prospects and potential, market changes are always difficult to predict. Especially in the highly volatile and uncertain market of cryptocurrency, any slight disturbance may cause drastic price fluctuations.
In the face of the next violent bull market, I plan to ambush some tokens that are ready to explode, and also find some potential coins to get to the end of the year. Friends who like spot 👉 click on the avatar to follow me, and update the best information and spot contract strategy sharing in real time every day!
