As SUI and Fetch.ai (FET) continue to gain momentum, investors are also turning their attention to other promising altcoins like DTX. DTX Exchange has recently captured the spotlight with the launch of its testnet, drawing interest from those looking for a strong presale token.
With over $1.9 million raised so far and plans to reach $2 million by the end of August, DTX is emerging as a potential crypto gem. In this article, we will discuss its growth and future potential.
What you'll learn 👉
SUI blockchain gains momentum with Grayscale Trust and developer initiatives
Riding a wave of optimism, newer layer-1 blockchains like SUI are hoping a coming rally will finally give them a moment in the sun after a year’s worth of building community and broadening out a base of investors.
Sui, which was launched by a group of team members who left Facebook’s former blockchain project, promises tech that can help scale faster than Ethereum. Crypto investment giant Grayscale recently added SUI as one of its newest trusts last week, opening easier exposure for institutional investors.
For co-founder Evan Cheng, gaining that stamp of approval so early on is a testament to what his team is building.
“We’re really, really excited about where we are right now,” Cheng told Coinage in a new interview. “We’re getting these signals from institutions, and that, combined with the passion we’re seeing from the community, just gives us comfort.”
The move from Grayscale was somewhat surprising, given the fact that last cycle’s darling, Avalanche, also only secured a Grayscale trust last week. Cheng said that even he was surprised by how quickly Grayscale moved. “We didn’t even know that was coming,” he said. “We had one conversation, and apparently, they got very excited and did a fund.”
Fetch.ai surges 49% amid plans for new innovation lab in San Francisco
Fetch.ai (FET) has recently seen tremendously bullish price action, as holders find themselves up an incredible 49% on the weekly time frame. Fetch.ai (FET) pumped from $0.80 to $1.46 in around 9 days of trading, where it hit resistance at the 100-day moving average.
If this Fetch.ai (FET) rally can sustain for a longer period, a breakout above $1.78 would see Fetch.ai fall back into its previous range from earlier this year.
DTX exchange attracts investors with Testnet launch and Presale success
Although SUI and Fetch.ai (FET) is gaining momentum, crypto investors are also looking up for the promising alt coins, and DTX is their favorite.
DTX Exchange (DTX) has reached a key milestone with the launch of its testnet, sparking excitement among investors eyeing a promising presale token. Analysts suggest this move could lead to substantial gains for early participants.
DTX Exchange is one of the more interesting rookies in the crypto market. Its presale has been great so far, raising over $1.9m and is on track to reach $2m before the end of August. Big crypto influencers like CryptoDexWorld have also taken note of this crypto. They claim that DTX Exchange could be the next crypto gem to skyrocket.
This trading platform stands out as an exchange with a hybrid trading model. This will give people the chance to buy over 120k asset classes like CFDs, FX and cryptos.
Its native token, DTX, is a big component of its ecosystem. Those who hold it will get smaller trading fees and better analytics tools. It is now worth just $0.06 in Stage 3 of its presale. But this price will jump to $0.08 in Stage 4. Experts predict another 100x increase after a Tier-1 CEX lists DTX in Q3 of 2024.
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