SUI and Dogecoin holders are turning their attention to a rapidly rising DeFi coin.
In recent months, SUI has carved out a reputation as a prominent DeFi coin, but it now faces competition from a new entry that’s quickly gaining traction. This emerging altcoin has surpassed $10 million in presale funding, signaling its growing popularity.
Crypto analysts speculate that this new DeFi coin may soon rival Dogecoin (DOGE) in terms of potential growth.
SUI’s Price Surges as Borrowing for Trading Increases
SUI is currently experiencing a notable uptick, not only in price but also in usefulness. With an increasing number of users borrowing funds for trading, SUI’s Total Value Locked (TVL) has surged to $1.8 billion.
This heightened activity has propelled SUI’s price above $4.70. Analysts project that SUI could see its value double or triple in the upcoming DeFi market rally.
Dogecoin Recovers After Recent Correction
Following a significant post-election rally that saw Dogecoin’s price rise over 120%, the coin experienced a correction as many investors took profits amid a broader market downturn.
Currently, Dogecoin is showing signs of recovery, with technical indicators suggesting it is no longer overbought, which may encourage renewed buying activity.
Experts anticipate a 100% price increase for DOGE over the next year, although they believe that the spotlight will primarily be on emerging DeFi projects during the next rally.
DTX Exchange: A Strong Contender for the Next DeFi Rally
The upcoming DTX Exchange is set to launch soon, presenting a promising opportunity for growth. Its high-performance features, including an impressive transaction speed target of 100,000 transactions per second (TPS), position it as a key player in the DeFi space.
DTX Exchange aims to simplify trading by enabling users to manage various financial assets from a unified platform, facilitated by its Phoenix Wallet. Notably, it will offer 1,000x leverage trading and zero commissions, maximizing users’ profit potential.
What sets DTX Exchange apart is its commitment to a fair launch model, eliminating the price manipulation often seen in typical DeFi projects. This structure aims to provide equal investment opportunities for all participants.
DTX Presale: Join the Movement
The DTX public presale is currently ongoing, having raised over $10.2 million, reflecting significant investor interest. Notably, over 300,000 unique wallet addresses have registered, indicating a broad base of potential investors.
In Stage 6 of the presale, DTX tokens are available for $0.12 each, with prices set to increase as the sale progresses. Upon reaching $0.20, DTX will officially launch on major exchanges, positioning it for a potential price surge of at least 50x.
Stay tuned for more updates on DTX and its developments as the DeFi landscape continues to evolve.
