Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Oct / 08
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- SUI Price Pumps, But Will VCs Dump On You? Analyst Weighs In
- Oct 08, 2024 at 03:04 pm CaptainAltcoin
- Sui Network's rapid price surge has raised concerns about its sustainability. Crypto analyst Gonzo (@GonzoXBT) expresses skepticism, citing the large number of locked tokens held by venture capitalists (VCs), who may be preparing to sell their holdings. The network's parallel transaction execution capability, gaming focus, and Asian market presence have driven its popularity. However, Sui's TVL is still significantly lower than Solana's, and its market cap-to-TVL ratio suggests potential for token appreciation. Gonzo cautions that a portion of the capital on Sui is "not sticky" and may leave if more lucrative opportunities arise. Additionally, the emergence of memecoins like $FUD has attracted attention within the memecoin space.
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