The crypto market took a breather as prices swung low. Sui (SUI), one of the year’s best-performing altcoins, trades downward amid profit-taking. Current market conditions also contribute to the 10% downturn in the SUI price.
Hoping to make the most of this bullish wave, investors pivot to NEAR Protocol (NEAR) and DTX Exchange (DTX), a new DeFi coin. The former is on track for further upswings, while the latter is tipped for a 7,550% gain post-launch.
DTX Exchange (DTX): A Better Pick Than Sui (SUI) and NEAR Protocol (NEAR)?
DTX Exchange (DTX), a new DeFi coin, continues to stir much excitement. It recently crossed $8.7 million in early funding—a testament to its rapidly growing community and investor confidence. Also driving interest is its innovative blend of the best elements of CEX and DEX while standing at the crossroads between TradFi and DeFi.
A hybrid trading platform will be at the heart of the ecosystem. This exchange protocol will be a shift from the norms, designed to meet the evolving needs of traders—newbies and seasoned investors alike. Key aspects of the protocol will include smart contracts, distributed liquidity pools and an on-chain order book; the DTX token will also have governance functions.
In addition, investors have shown a keen interest in the DTX token for its massive growth prospects. As one of the most promising new ICOs, it is massively underpriced—a token costs only $0.10 in the fifth round. Meanwhile, analysts project a 7,550% upswing after its debut, hailed as the best new crypto to invest in.
Sui (SUI): Bounceback Approaches
Sui (SUI) is undoubtedly one of this year’s biggest winners, recording over 400% gain on the yearly chart. However, it declined as profit-taking intensified. The SUI price tumbled over 10% in the past seven days, retailing above $3.24. Nevertheless, it maintains an 80% gain on the weekly chart.
Losing the $3 support might cause the altcoin price to retest the $2.4 support. However, technical indicators like the 200-SMA and 9-HMA suggest a bounce—bullish signals. Moreover, experts’ bullish outlooks are enough to inspire confidence.
A crypto analyst, Thecrookk, has $16 as their Sui (SUI) price prediction for this bull run. Another top analyst, Call_me_Cypher, suggests a run to $18.2 by Q1 2025, positioning it among the best cryptos to invest in.
NEAR Protocol (NEAR): Is $20 on the Cards?
NEAR Protocol (NEAR), a top-20 cryptocurrency, has been fairly impressive this month. Trading alongside the crypto market, the NEAR Protocol price recorded a 10% gain on the weekly chart, changing hands above $6.6. It soared over 50% in the past 30 days, cementing its status among the top altcoins.
Aiming for a breakout above its 2022 all-time high ($20.4), it has plenty of room for growth. This is backed by technical indicators like the MACD level (12, 26), 20-EMA and 20-SMA, suggesting further gains. Meanwhile, analysts hold a bullish stance.
CryptoMichNL, a top analyst, believes NEAR Protocol (NEAR) has bottomed out. Their price target is $15 to $20 in the next three to six months. Another crypto analyst, Thecryptocactus, believes a breakout above the $7.5/$8.5 resistance will push it toward $20.
DTX Exchange (DTX): A Good Crypto Pick Alongside Sui (SUI) and NEAR Protocol (NEAR)
The up-and-coming DTX Exchange (DTX) is the latest on investors’ lists of favourite altcoins. Its appeal spans its solid fundamentals—a hybrid trading platform—and huge growth prospects. Further, it stands at the crossroads between TradFi and DeFi, poised to transform the $3.2 billion global trading market. On track for massive growth, it is a good pick alongside Sui (SUI) and NEAR Protocol (NEAR).
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