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SUI and Dogecoin holders invest in a DeFi coin that’s getting popular faster than expected.
Over the past few months, SUI has established itself as a great DeFi coin. However, there’s a new project that can take its title, offering a promising DeFi coin with massive utility. This new altcoin is gaining popularity pretty quickly, as its presale funding has crossed the $10 million milestone.
Moreover, crypto watchers suggest the new DeFi coin’s huge potential can also outdo Dogecoin (DOGE) soon.
SUI’s price soars as more people borrow money to trade
SUI is doing well right now. This isn’t just regarding its price movements; the project has seen a huge increase in usage. That’s because more and more people are using SUI to borrow money for trading. Because of this, SUI’s TVL reached $1.8 billion.
This also drove SUI’s price to rise above $4.70. With that in mind, experts say SUI will surge in the next DeFi rally. They see its price increasing by two to three times in a few months.
Dogecoin exits the overbought territory
Dogecoin did well after the US elections, with its price increasing by over 120%. However, after a while, DOGE’s price dipped. This was an expected move, as Dogecoin investors took profits after the rally. There was also a market-wide dip that pushed DOGE’s price further down.
However, Dogecoin is recovering now. Its technical indicators show that it is no longer overbought. This means that investors are now more inclined to buy DOGE again.
Experts say that this will push DOGE’s price up. They see the price increasing by at least 100% next year. They say DOGE’s price won’t rise by a lot because DeFi coin projects will take center stage. Regardless, they still see Dogecoin as a good investment for the next DeFi rally.
DTX Exchange: The leader of the next DeFi rally
DTX Exchange is a new trading platform that will launch soon. As such, it has massive room for growth. However, being new isn’t the only thing driving DTX Exchange’s growth potential.
The DTX Exchange will offer great perks for traders. One of them is lightning-fast transaction speed. Solana offers 600 TPS. On the other hand, DTX Exchange aims to offer 100,000 TPS. This will allow its users to get great entries/exits and make a lot of profits while trading.
Moreover, this potential DeFi rally leader will make trading much easier. It will allow users to trade crypto and many other financial assets all from one place. Users will also be able to manage all their assets from one dashboard. This will be possible through DTX Exchange’s Phoenix Wallet.
Notably, DTX Exchange will let users trade with 1,000x leverage, helping them turn small trades into massive profits. The users will also get zero commissions, boosting profits even further.
Another feature that makes DTX Exchange stand out is its fair launch. Most DeFi coin launches are usually supported by whales and VCs. This gives them the power to manipulate the price as they please. As a result, smaller investors can suffer. That’s not the case with DTX Exchange.
This next DeFi rally leader isn’t backed by VCs or whales. It also has an incremental price model. This model makes sure that prices rise steadily, allowing everyone to have an equal opportunity to invest in DTX and make profits.
Thus, it’s no surprise that experts see DTX Exchange as the next DeFi rally leader.
Joining the DTX presale
The DTX public presale is currently in full swing. So far, it has raised over $10.2 million. This shows the massive interest that investors have in this new DeFi coin. Also, over 300,000 wallet addresses have registered for the presale. This shows that DTX holders are diversified and not bundled into a few large ones.
Investors can buy DTX tokens for $0.12 each in Stage 6 of its public presale. As the presale continues, DTX will increase in price. Once it reaches $0.20, DTX will officially launch on major exchanges. This is when experts say its rally will start, suggesting its price will rise at least 50x.
For more information on DTX, visit their website or online community.
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