en.bitcoinsistemi.com
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.
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.