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SUI and Dogecoin holders invest in a DeFi coin that is gaining popularity faster than expected.
Over the past few months, SUI has established itself as a great DeFi coin. However, there is a new project that can take its title, offering a promising DeFi coin with a large utility. This new altcoin is gaining popularity very quickly, as its pre-sale funding has crossed the $10 million milestone.
In addition, crypto observers suggest that the potential of a new DeFi coin may surpass Dogecoin (DOGE) in the near future.
The price of SUI goes up as more people borrow money to trade
SUI doing well now. This is not just about its price movements; the project has seen a significant increase in usage. That's because more and more people are using SUI to borrow money for trading. Because of this, TVL SUI reached $1.8 billion.
This also caused the price of SUI to rise above $4.70. With that in mind, experts say SUI will rise in the next DeFi rally. They see its price rising two or three times in a few months.
Dogecoin goes out of the buying range
Dogecoin did well after the US elections, with its price rising over 120%. However, after a while, the price of DOGE went down. This was an expected move, as Dogecoin investors took profits after the rally. There was also a decline across the market which pushed the price of DOGE further down.
However, Dogecoin is going up today. Its technical indicators show that it is no longer overbought. This means that investors are now more likely to buy DOGE again.
Experts say that this will increase the price of DOGE. They see the price rising at least 100% next year. They say that the price of DOGE will not increase much because DeFi coin projects will take center stage. Nevertheless, they still see Dogecoin as a good investment for the next DeFi rally.
DTX Exchange: Leader of the next DeFi rally
DTX Exchange is a new trading platform that will be launched soon. So, there is a lot of room for growth. However, being new is not the only thing driving DTX Exchange's growth potential.
The DTX Exchange brings great benefits to traders. One is lightning fast transaction speed. Solana offers 600 TPS. On the other hand, DTX Exchange aims to offer 100,000 TPS. This allows its users to get great entries/exits and make huge profits while trading.
In addition, this DeFi rally leader will make trading much easier. It allows users to trade crypto and many other financial assets all from one place. Users will also be able to manage all their assets from a single dashboard. This will be possible through Phoenix Wallet at DTX Exchange.
Specifically, DTX Exchange allows users to trade with 1,000x leverage, helping them turn small trades into big profits. The users will also get zero commissions, which will increase the profits even further.
Another feature that makes DTX Exchange stand out is its fair disclosure. Most DeFi coin ceremonies are usually backed by whales and VC. This gives them the power to manipulate the price as they wish. As a result, smaller investors may suffer. That is not the case with DTX Exchange.
This next DeFi rally leader is not backed by VCs or whales. It also has an incremental pricing model. This model ensures that prices rise steadily, allowing everyone to invest in DTX and make profits.
Therefore, it is not surprising that experts see DTX Exchange as the next leader of the DeFi rally.
Join the DTX presale
The DTX public presale is currently complete. To date, it has raised over $10.2 million. This shows the great interest of investors in this new DeFi coin. Also, over 300,000 wallet addresses have signed up 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 Phase 6 of their public presale. As the pre-sale continues, DTX will increase in price. As soon as it reaches $0.20, DTX will officially launch on major exchanges. This is when experts say that their collection will begin, suggesting that its price will rise at least 50x.
For more information on DTX, visit their website or online community.
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