The Layer-1 token Sui (SUI) has been winning on all fronts—on and off the crypto market. VanEck, a leading asset manager, announced a new product backed by SUI tokens in a regulated custodian environment. With the altcoin already trading upward, how high can it go?
At the same time, Toncoin (TON) and DTX Exchange (DTX), a new DeFi token, are on whales’ radars. Their novelty, rapidly growing community and significant growth prospects position them among the best cryptos to invest in.
DTX Exchange (DTX): On Whales’ Radars
DTX Exchange (DTX) is one of the few altcoins whales are paying keen attention to. Standing at the crossroads between traditional and decentralized finance, it is a new DeFi project to watch. At the same time, its hybrid trading platform will combine the best elements of CEX and DEX, hailed as a trailblazer.
It is designed to be a one-stop platform that caters to all trading needs, addressing key challenges like financial exclusion and global inaccessibility to markets. By bridging the gap between TradFi and DeFi and offering over 120,000 asset classes, DTX aims to open up a world of opportunities to traders. Additionally, its wallet-based trading means investors won’t rely on traditional bank accounts for trading.
The above makes it a strong competitor in the $10 billion global trading space. Amid impending adoption, investors have been stacking up. Over $7.7 million has been raised in presale and a token costs just $0.1 in the fifth round. With a projected 70x rally after listing on Tier-1 exchanges, it is potentially a top crypto pick over Sui (SUI) and Toncoin (TON).
Sui (SUI): How Much Higher Can It Go?
Sui (SUI), a Layer-1 cryptocurrency, continues to exceed expectations. On a price discovery since October, it has registered several all-time highs; the latest was on November 13 at $3.43. Despite a slight dip, the Sui price is up over 40% on the weekly chart, changing hands above $3.4 on CoinMarketCap.
Given the latest VanEck’s SUI product, it is primed for further gains. Key indicators like the neutral 14-day RSI and the bullish 10-SMA and 10-EMA hint at further upswings. Moreover, bullish forecasts have been flying around the crypto community.
In response to an earlier Sui price prediction that suggests a rally to $6 to $8 within the next 6 to 12 months, Dra.net, a crypto expert, believes this target is modest. According to them, it is up for a parabolic run, tipping it to reach $50.
Toncoin (TON) Targets a Breakout
The Telegram-based Toncoin (TON) is one of the top altcoins. While its performance in the year’s first half is more impressive, the second hasn’t been. Nevertheless, the Toncoin price soared over 8% in the past seven days, retailing above $5.3—35% below its ATH of $8.24.
As it prepares for a comeback, it is one of the altcoins to watch. Moreover, by trading above the 50-EMA ($5.22) and 50-SMA ($5.22), TON is in a buy zone, hinting at more gains. To be positioned ahead of its next leg up, it is a good crypto to buy now.
At the same time, analysts are bullish. Despite the recent slump, crypto analyst Verah_tee believes Toncoin (TON) will reach $10. Meanwhile, AMCryptoAlex shared on X TON’s attempt to break above its downtrend resistance. According to them, it could revisit $4.5 to $4.7 if rejected; a breakout is where the fun starts.
Is DTX Exchange (DTX) a Better Crypto Pick Than Sui (SUI) and Toncoin (TON)?
As a new altcoin, DTX Exchange’s upside potential is undeniable, edging out Sui (SUI) and Toncoin (TON). Analysts predict a 70x rally after its debut, which might be difficult for most top cryptos to pull off. Moreover, it is on track to reshape the global trading scene, painting a bullish picture.
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