Due to rising Russian-Ukraine tensions, altcoins had a bearish turnover on November 20, and Render (RNDR) and Sui Blockchain (SUI) significantly dropped to immediate support levels. Furthermore, a huge capital influx is witnessed in Bitcoin, leading to high rotation from altcoins that have yielded significant profits during this bull run.
Meanwhile, the DTX Exchange follows in the footsteps of the BTC price as its institutional demand keeps growing amid a successful public seed round. Furthermore, the project has launched its non-custodial “Phoenix Wallet” which has exceeded over 100,000 downloads in weeks, displaying its winning potential over Render and Sui Blockchain after the most-awaited mainnet launch.
Render (RNDR) is a prominent AI token that has surged to one of its highest price points since the US elections. However, the bearish pullback has led traders to speculate about its price potential despite BTC kicking off to touch the $100K price level. Render holders are coming out on the X platform to express their disappointment with the AI crypto.
While a bearish setup signals further decline for the Render price to retest the $7 support level in the upcoming days, some analysts are still bullish on RNDR. Hence, investments in Render must be met with caution after a 10.5% intraday loss as more promising entry positions can open, triggering a bullish comeback from the $6.5 - $7 range.
Sui Blockchain (SUI) is undergoing some major developments and the launch of the first FDUSD on its blockchain has also made traders step in its price potential. However, Sui Blockchain hit a new all-time high this month and its price has entered a discovery phase, making it difficult for traders to analyze its upcoming price levels.
This FUD sentiment has led many traders to book profits after making millions with the Sui Blockchain bullish rally. This ongoing market outlook has led to a short-term correction for the Sui Blockchain price, and experts predict that its price might come down to a $3.2 support level before fresh buying pressures kick its price.
DTX Exchange (DTX) is quickly becoming the go-to platform for traders due to its end-to-end trading solutions and sophisticated architecture, aimed at providing the best features for maximum gains. DTX Exchange boasts a hybrid trading model that has solved the age-old liquidity problems in DEX and security in CEX marketplaces under one platform.
DTX Exchange made highlights with a $8.2 million batch 5 presale after the launch of its native hybrid layer-1 blockchain that can help traders choose assets from diversified markets and execute traders with minimum gas fees and a speed of 0.04 seconds. Furthermore, DTX Exchange provides leverage up to 1000x so traders can gain higher market positions and make maximum out of volatile markets.
DTX Exchange has recently launched its non-custodial “Phoenix Wallet”, adhering to the decentralized security standards, enabling traders to have full access to their funds. After its launch on the Apple and Play Store, it has been downloaded by more than 100K users which shows how much trust global traders put in DTX Exchange’s technological advancements and offerings.
DTX Exchange (DTX) outshines Render (RNDR) and Sui Blockchain (SUI) with its utility-driven hybrid platform. In the bull market, the DTX Exchange is a much better investment as these cryptos have already displayed a promising upside. Priced at just $0.1, DTX offers traders a chance to tap into groundbreaking 1000% returns post-launch, backed by its Phoenix Wallet crossing 100K downloads and $8.2 million in funding.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.