Ethereum

Solana

when

In a recent post on social media platform X, Andrew Kang, co-founder of cryptocurrency venture capital firm Mechanism Capital, responded to top trader Eugene Ng Ah Sio’s comment regarding SUI’s market cap compared to SOL.
Kang expressed skepticism that SUI's market value could reach SOL's level.
However, he noted that SUI’s current market cap is only 3.5% of SOL, likening this to arguments presented by the Ethereum community before and during Solana’s notable outperformance.
Related News: <a href="https://en.bitcoinsistemi.com/there-is-a-death-cross-alarm-in-bitcoin-heres-what-to-expect/" target="_blank" rel="noopener noreferrer nofollow">There is a "Death Cross" Alarm in Bitcoin: Here's What to Expect</a>
Kang elaborated on his perspective by explaining several key factors that could impact SUI’s performance. He noted that catalysts within the SUI ecosystem, on-chain user experience, on-chain activity level, and developer experience are important. Kang suggested in his tweet that these elements could lead to a different assessment of SUI’s potential when compared to other alternative Layer 1 (sub-L1) cryptocurrencies and SOL.
“Outperforming can happen over time,” Kang added, noting that SUI's comparative success may have occurred in a different period than SOL's.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/legendary-trader-andrew-kang-responds-to-claims-that-surprise-altcoin-will-beat-solana-sol/" rel="noopener noreferrer nofollow">Legendary Trader Andrew Kang Responds to Claims that Surprise Altcoin Will Beat Solana (SOL)</a>

Legendary Trader Andrew Kang Responds to Claims that Surprise Altcoin Will Beat Solana (SOL)

Bitcoin Sistemi EN

Other articles published on Aug 12, 2024

Bitcoin (BTC): Extreme Fear Returns Following Most Recent Price Drop

Pump.fun's High Failure Rate Revealed: 98.6% of Memecoins Never Launch

EU Warns Elon Musk Ahead of Interview With Trump on X

Anticipating Bitcoin ETF Options in Late 2024: Key Insights and Expectations

Binance Hit with $86M Tax Demand by Indian Authorities Over GST Registration

Bitcoin Faces Significant Price Drop Due to Market Turmoil

Join our free newsletter for daily crypto updates!