The current situation surrounding SUI is quite unstable; following a major hack and significant upcoming token unlocks, investor confidence is wavering. Meanwhile, Qubetics is showing growth and attracting attention.
SUI Struggles: Hack and Its Aftermath
SUI is currently facing challenges. The $223 million hack that occurred in late May on the Cetus Protocol significantly undermined investor trust. Although SUI’s validators acted swiftly to freeze and initiate the recovery of stolen funds, this raised concerns about decentralization. Critics argue that such centralized validator power could undermine core blockchain principles.
Additionally, the technical indicators are not offering much relief. SUI's price fell by 8% on the day of the hack, with key support levels resting around $3.40, threatening its further growth.
Qubetics: A Stronger Foundation for Growth
While SUI attempts to stabilize, Qubetics is quickly gaining momentum with a focus on utility and interoperability. The main product of Qubetics—Real World Asset Tokenization—addresses a crucial need for today’s fragmented Web3 ecosystem. Currently, the Qubetics presale is nearing completion, with only 10 million tokens left in public allocation, indicating strong demand.
Conclusion: Long-Term Horizons for SUI and Qubetics
SUI has promising long-term opportunities thanks to growing institutional interest and expanding DeFi integrations. However, current issues such as large token unlocks and governance debates continue to exert pressure on its future. In contrast, Qubetics, with its emphasis on reliability and technology diversity, appears more resilient in the market.
The uncertainty surrounding SUI casts a shadow over its future, while Qubetics displays steady growth and flexibility in the changing market.
