Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Oct 8, 2024 23:32 UTC
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1 Total Readers
In a recent tweet, crypto trader VirtualBacon highlighted the performance of SUI against Solana (SOL), noting that the SUI/SOL ratio is nearing a resistance level. He raised questions about SUI’s potential to sustain its current momentum as a “new killer Layer-1” blockchain. VirtualBacon pointed out that for SUI to maintain its upward trend, it would need to significantly disrupt Solana’s market share. Otherwise, he suggests, traders may start rotating back to Solana, a more established chain. This insight reflects the cautious optimism in the market, as investors weigh whether SUI can continue its growth or if Solana will regain its foothold.
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