Can APT really surpass SUI? Right now, the two public chains, SUI and APT, are in fierce competition. SUI recently faced a hacker attack, causing panic and a significant drop in its price, which indeed gives APT an opportunity for a turnaround. However, for APT to truly surpass SUI is not that simple; relying solely on its current advantages is not enough.
APT's biggest advantage right now is the support from institutions. Major institutions like Bitwise and BlackRock are betting on it, indicating that these professional players are more optimistic about APT's long-term development. Recently, APT has also been adjusting its staking rewards. Although this may upset some miners in the short term, in the long run, it's a good thing as it forces everyone to engage in DeFi instead of just earning interest, which is beneficial for the healthy growth of the ecosystem.
However, to be honest, what APT lacks the most right now is a market-exploding catalyst. It either needs a big airdrop to attract the retail investors or a killer application to suddenly emerge in its ecosystem; otherwise, it should bring in a heavyweight institution to endorse it. If such significant developments can happen, APT's price is bound to soar.
Currently, APT's price is around $5.4, and from the daily chart, it has already dropped to a relatively low point, making it a good entry point in terms of value. If favorable news comes out later, those who buy in now could reap significant rewards. But let's not forget that SUI is not to be underestimated; although it faced short-term setbacks, its technical foundation remains, and if it can quickly resolve its security issues along with an ecosystem rebound, APT will need to put in more effort to catch up.
So buying APT now is betting on its ability to come up with something that SUI doesn't have!