Thread by @coingecko

1/ How has $APT's price performed against $SUI?

While both tokens are built on the Move programming language, their price actions and market caps have shown significant differences. Let's dive in! 🧵

Read the full study: gcko.io/5b9h2jc

2/ What are the price returns of @Aptos_Network?

As of May 16, 2023, $APT has risen 19.7% since trading went live.

The $APT token was launched on October 19, 2022, and was available on #Binance, #Bybit, #Kucoin, #OKX, and #FTX.

3/ $APT initially traded at $7.19, but ended May 16 at $8.60.

After hitting $9.75 on Day 6, $APT saw a decline in its price.

It dropped to $3.85 on Day 23, a decrease of -46.4% from its first day of trading. This coincided with the collapse of #FTX.

4/ Between Day 23 and Day 83, $APT stayed within the $3 to $5 range. During this period, it hit an all-time low of $3.21, representing a -55.3% decrease in price since it went live.

5/ However, after Day 83, $APT managed to break out of the channel, reaching an all-time high of $18.42 on Day 104, with returns of 156.3%. Since then, it has steadily dropped, trading at $8.60 as of May 16.

6/ What are the price returns of @SuiNetwork?

As of May 16, 2023, Sui has dropped -3.2% since it was listed on centralized exchanges. The $SUI token was launched on May 3, 2023, and was available on #Binance, #Bybit, #Kucoin, and #OKX.

7/ $SUI initially traded at $1.25, but ended May 16 at $1.21. At its peak, it saw returns of 11.7% on Day 2, trading at $1.40.

8/ Methodology: This study examined the percentage price returns and market cap of $APT, and $SUI from October 19, 2022 to May 16, 2023, with data obtained from @coingecko.

Check out the full study: gcko.io/5b9h2jc

Are you more bullish on $APT or $SUI? Let us know! 👇