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Bitcoin (BTC) has set a trend by making a massive amount of $100 million within a day with the help of whales. Following a similar pattern, SUI whales also show a massive surge with the help of whales.
These platforms are seen as massive successes in the bull market. Analysts see this pattern as a precedent of success, therefore, the emerging altcoins work to follow the trajectory set by BTC and SUI.
In the current session, DTX Exchange has emerged as a stellar performer of this bull run. Market experts believe that DTX will be the next platform to raise such a massive amount in no time. This comes as a huge buying frenzy surrounds the trading platform!
Although mining stocks have dropped 40% since mid-July, compared to a 10% decrease in Bitcoin (BTC), industry insiders still think the sector is cheap and offers prospects for investments ahead of the next bull market.
The event's main themes included significant increases in miners' capacity, initiatives to modernise fleets with more effective ASIC equipment, and a rise in miners owning Bitcoin (BTC) holdings. Furthermore, by utilising their power infrastructure, some miners are branching out into high-performance computing and artificial intelligence.
Experts in the market voiced optimism regarding the future of Bitcoin (BTC), projecting a range of prices in the upcoming cycle from $100,000 to $250,000, with an average estimate of $144,000 by the end of 2025.
Chief Investment Officer at MN Consultancy Michaël van de Poppe stated on September 12 that he wouldn't be shocked if Bitcoin (BTC) hit $300,000–$600,000 during the current market cycle.
MicroStrategy revealed on September 13 that it has proceeded with its Bitcoin (BTC) acquisition strategy, buying 18,300 BTC for $1.11 billion between August 6 and September 12. As a result, the corporation now owns 244,800 BTC in total, having bought it at an average cost of $38,585 per coin.
The current price range for SUI is $0.79 to $1.04. It has support around $0.64 and resistance at $1.13. SUI's price increased by more than 26% in the last week, but it has been essentially the same for the entire month.
The 10-day average is $1.03, while the 100-day average is $0.94, indicating a strong short-term rising trend according to the moving averages. Since the RSI is at 61.42, it may not yet be overbought. SUI might rise beyond $1.13 and reach $1.38, which would indicate gains of more than 30%. If it does, however, it might find support at $0.64.
SUI has shown explosive gains just like Bitcoin, making it a star in the bull market. Market analysts claim that DTX Exchange is going to be the next crypto to shoot just like SUI and BTC!
DTX Exchange (DTX) has defied the bearish cycle with its cutting-edge layer-1 protocol. Integrated with the advanced infrastructure, the DTX Exchange (DTX) has outshined established altcoin networks as can be seen in its investors and traders shifting towards this growing platform.
The platform has captured the market by storm through its impressive set of offerings to its traders. As a rewarding platform, DTX Exchange follows a zero-commission policy, which automatically generates more ways for traders to land high gains and secure profits during speculative times in the market.
The DTX Exchange comprises a series of technological advancements and blockchain upgrades to stay ahead of the curve and provide enticing opportunities and benefits to its traders and investors. With its all-in-one DTX wallet set to hit the market in the coming weeks, this hybrid sensation is set to become the next big thing in the market.
As investors and traders from other major cryptocurrency projects join this Ethereum-based exchange, it is poised to go 25x in the upcoming bull run. The platform has already raised over $2.6 million with a mind-blowing response from its investor community and is eyeing $1 after its launch.
DTX Exchange is set to become the next crypto giant following the trajectory of Bitcoin (BTC) and SUI. The platform is becoming a hub for seasonal and savvy investors.
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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.
