In a newest put up on social media platform X, Andrew Kang, co-founding father of cryptocurrency enterprise capital company Mechanism Capital, answered to prime trader Eugene Ng Ah Sio’s express relating to SUI’s market cap when put next to SOL.
Kang expressed skepticism that SUI’s market mark may per chance perhaps reach SOL’s level.
Nonetheless, he neatly-known that SUI’s newest market cap is barely 3.5% of SOL, likening this to arguments offered by the Ethereum neighborhood sooner than and throughout Solana’s significant outperformance.
Kang elaborated on his perspective by explaining several key factors that will perhaps perhaps impact SUI’s performance. He neatly-known that catalysts all around the SUI ecosystem, on-chain consumer trip, on-chain process level, and developer trip are crucial. Kang urged in his tweet that these ingredients may per chance perhaps lead on to a special evaluate of SUI’s likely when when put next to numerous replacement Layer 1 (sub-L1) cryptocurrencies and SOL.
“Outperforming can happen over time,” Kang added, noting that SUI’s comparative success may per chance perhaps dangle befell in a special period than SOL’s.
*Here isn’t funding advice.
