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While sentiment cooled early this month, interest skyrocketed after the Fed’s 0.5% rate cut. With a buying spree unfolding, savvy investors are focused more on cryptocurrencies with significant upside potential. In the quest for huge ROIs, investors have been betting on DTX Exchange (DTX) ahead of Kaspa (KAS) and Sui (SUI).
KAS and SUI, two top altcoins, have been among the biggest winners of late, with a pullback on the horizon. Meanwhile, DTX, an emerging cryptocurrency, hit $2.7 million in presale, inching closer to its explosive launch. Is it the best new crypto to invest in?
DTX Exchange (DTX), one of the latest crypto sensations, is a top player in the ICO world. It has been selling out fast in presale, recently soaring past $2.7 million. As it approaches its launch date, investors have been doubling down, aiming not to miss out on what might be life-changing gains.
The presale is currently in the third round. At this stage, a token costs only $0.06, offering a low entry point. Meanwhile, top analysts forecast a timely 40x upswing after listing on Tier-1 exchanges, overshadowing top crypto coins like Kaspa (KAS) and Sui (SUI).
As it races toward adoption, it is poised to be at the forefront of the global trading scene, valued at $10.3 billion in 2023. It will combine the best elements of centralized and decentralized exchanges, addressing challenges around accessibility, privacy and security. Further, by bridging the gap between DeFi and TradFi, diverse asset classes can be traded.
Kaspa (KAS), a proof-of-stake (PoW) cryptocurrency, is among the top 30 cryptocurrencies. Despite the largely underwhelming market, it has gone on price discoveries, defying broader bearish trends.
The Kaspa token registered an all-time high of $0.2 in early August, outperforming the market. However, there has been a 20% decline since then as it bows to bearish pressure. Nevertheless, its run this year has been one of the most remarkable—a 260% upswing on the yearly charts.
However, with a correction unfolding, investors have been overlooking the Kaspa coin. Profit-taking can be largely linked to its decline, with a Kaspa price prediction suggesting a fall below $0.15 before the next leg of its bull run.
Sui (SUI) is undoubtedly the biggest winner this month. It skyrocketed over 50% in the past 30 days, trading above $1.5. This explosive growth can be largely linked to the announcement of USDC’s integration.
According to the announcement, USDC’s integration will empower dApps on Sui (SUI) to extend their growth and reach. Amid this buzz, it became the blockchain of the month as TVL jumped almost 300% to $810 million, driven by DeFi growth.
However, with the Sui price set to take a breather and swing low, investors have been steering off, hoping not to FOMO at the top. With an anticipated fall below $1.2, traders might be willing to bet more at these levels.
In the quest for significant gains, investors have been looking beyond top altcoins like Kaspa (KAS) and Sui (SUI). Amid growing fear of pullbacks, traders have been opting for DTX Exchange (DTX), a new and more promising token. Its low entry point and substantial growth prospects make it a new DeFi project to watch out for.
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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.
