TRON (TRX) an Inch Away from New ATH; SUI Eyes More Gain DTX Exchange (DTX) Prepares to Transform the Trading Scene
(TRX) prepares to flip its all-time high and Sui (SUI) eyes more gains. Given current market conditions, these are altcoins to watch.
Also in the spotlight and on experts radars is DTX Exchange (DTX). It is unlike any trading protocol as it will represent the best of the worlds of CEX and DEX, aiming to transform the global trading scene. As expected, its outlook is bullish, listed among the new DeFi projects to watch out for.
DTX Exchange (DTX): Transforming the Trading Landscape
DTX Exchange (DTX) is a novel player at the crossroads between traditional and decentralized finance. It aims to bridge the gap between these two worlds by providing a one-stop platform where users can trade diverse assets.
In addition, by blending DEX and CEXs best elements, it will address several challenges within the $10 billion global trading market. Some of its competitive advantages will include non-custodial storage solutions and wallet-based trading.
Moreover, given its solid fundamentals, the DTX token will have tangible applications, potentially pushing up demand. Besides trading fee payments and accessing premium features, it will be used to invest in tokenized assets, staking and governance. At $0.10 in the fifth round of the ICO, it is massively undervalued, tipped for a 50x rally after its debut and potentially outclassing TRON (TRX) and Sui (SUI).
TRON (TRX): Approaches Price Discovery
TRON (TRX), one of the top altcoins, is among this months biggest winners. As Novembull plays out, it gains substantial traction. The TRON price skyrocketed over 20% on the weekly chart, changing hands above $0.2. It gained 30% in the monthly timeframe, outshining many top crypto coins.
An inch away from its 2018 all-time high of $0.3, it is one of the altcoins to watch. Key technical indicators the MACD (12, 26) and the TRX price above the 10-SMA are bullish signals suggesting further price upswings.
Moreover, experts also forecast positive price actions. TylerHillYT, a crypto analyst, considered the possibility of TRON (TRX) hitting $20 amid rising inflation and a weakening dollar. A TRON enthusiast also believes the altcoin could jump to $20 if China unbans crypto and BRICS use the TRX network for transactions.
Sui (SUI): Further Upswings?
The Layer-1 crypto Sui (SUI) has been one of this years biggest highlights. It has gone on several price discoveries; the latest was a run to $3.9 earlier this week. Despite the slight decline, the Sui price is up by over 15% in the past 7 days and 80% on the monthly chart, trading above $3.7.
A breakout above $4 might push the push further. Technical indicators like the SUI price above the 10-EMA ($3.41) and 10-SMA ($3.47) are bullish signals hinting at more price gain. In addition to these key indicators, crypto analysts believe it is among the best coins to invest in.
DudeStellar, a crypto analyst, suggests SUI might hit $5.50 by December. Meanwhile, another crypto trader and analyst sees the altcoin price hitting $10 by December, placing it on the list of top cryptos to invest in.
DTX Exchange (DTX) Approaches an Explosive Debut While TRON (TRX) and Sui (SUI) Trade Upward
DTX Exchange (DTX) is a new player gaining significant traction, gearing up to transform the larger trading scene. By bridging the gap between traditional and decentralized finance while combining the best elements of CEX and DTX, it is on track to challenge the dominance of TRON (TRX) and Sui (SUI).
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Text source: Crypto Daily™
