In addition, both the price of the public chain SUI and the price of Aptos have recently experienced significant increases. The main narrative driving the speculation of both is “Solana’s replacement”. Although the recent increases in both are remarkable, investors need to be cautious of potential risks. This is because the narrative of “Solana’s replacement” itself determines that this is not a track that can be speculated in for the long term. On one hand, Solana itself has not encountered any major flaws or controversies. On the other hand, Solana’s ecosystem is already more mature and cannot be compared to the ecosystems related to SUI and Aptos. According to a market report released by Wintermute, Solana is currently dominating token generation, with its market share rising from 60% at the beginning of September to 86%. The weekly token generation has also increased from 45,000 to 110,000. This demonstrates the high recognition of Solana in the market, thus questioning whether it is necessary to replace Solana. Therefore, both SUI and Aptos may only be suitable for short-term trading, and the value of long-term investment has yet to be demonstrated.
BingXs Perspective Bitcoin Price Nears Previous High Initiating Final Bull Market Rally of 2024