As one of the two leaders of MOVE, SUI has always been a top-level project that competes with APTOS. However, since the SUI project is still in its early stages, there are certain uncertainties in its technology and development prospects. The price of APTOS, which has been launched, is only 10U. According to the supply of SUI, even if SUI is 1:1 APT, the price of SUI is only about 1 US dollar.
In fact, it is difficult for SUI to reach this price level, because Binance and Coinbase have not announced the launch of SUI, and it is highly likely that it will not be launched in the short term.
With only a few other second-tier top platforms supporting it, the price may not be ideal. The first-period whitelist users who do not lock positions will most likely choose to cash out, and users who lock positions will also choose to short after the contract goes online to lock in profits.
Judging from the current selling pressure and market sentiment, the price of the unlisted secondary OTC has reached 0.7. I think there is basically no profit margin at this price. It is really too high, so I chose to cash out. In the current market environment, the amount of SUI sold OTC can get a certain amount of profit. However, you should still do your own investment analysis.
The Twilight of Public Chain
Previously, the price of SUI’s public offering was lower than that of VC. VCs have all been cut, and it will take a long time for the lock-up to be released. Can the primary story of the public chain continue to be told?
The story of reinventing the wheel in the public chain seems to be coming to an end. ZKEVM should be the main narrative of the next round. According to technical theory, if ZKSEVM succeeds, the living space of ARB and OP will be infinitely compressed. The L2 track is likely to be a situation where two individual projects occupy 80% of the market share. Interacting with ZKS before it goes online and being friends with time is the best choice.
