VanEck’s analysis and Solana’s (SOL) recent form have driven the token up the charts. Meanwhile, Sui (SUI) traders are making steady profits. The bull run seems to be back again, and everyone is excited.
Also, there’s a new Ethereum-based DeFi project, DTX Exchange (DTX), which is the latest craze among traders. Here’s why they are your best picks for Q4!
The current streak in the Solana ecosystem can be easily attributed to the Federal Reserve’s interest rate cuts two weeks ago, but it’s a little more than that. VanEck’s analysis in September 2024 shed some light on Solana’s DeFi efficiency and the progress the blockchain has made.
Compared with Ethereum, Solana gets 3000% more transactions from users, with 1300% more daily users than the ETH network. The traffic inevitably leads to gains for Solana, even as the L2 networks keep splitting the profits for the Ethereum L1 chain.
Predictions hold that Solana’s SOL could get to $330 and achieve half of Ethereum’s market cap by then. For now, SOL is worth $159.86, trading at 12.19% profits.
The SUI token is one of the best performers for September 2024, as the DeFi token broke out to about 65% gains. Sui is intent on making it past the $2 mark, which is a psychological resistance of sorts for its investors. It’s currently exchanging for $1.79, gaining 8.67% in the past 24 hours.
Like many of the contemporary DeFi projects, Sui thrives on the massive adoption by crypto users. The Total Locked Value on the blockchain is closer to a billion dollars already, indicating trust and immense economic security in Sui.
In light of its market momentum and long-term potential, Sui has been recognized by Grayscale for the opening of a trust fund opportunity to expand SUI’s use cases for accredited investors. It’s been a great run for the project, and Q4 still holds a lot of promise for Sui.
Capping the list here is the new DTX Exchange and its horde of features. It’s still DeFi, only at its finest.
For the most part, DeFi projects don’t feature communities as a forum for growth. The communities there exist for voting and governance, and many times, beginner traders are left stranded with little help.
On DTX Exchange, the community is a mix of veterans and beginners, and beginners have a chance to learn passively from the more successful pros.
With social trading and copy trading features, you can tail a veteran, learning their strategies and copying them onto your charts while learning in tow.
Before long, beginners find that they are used to trading techniques and reading charts, eliminating the need for virtual academies and cumbersome tutorial videos. DTX Exchange offers its traders the chance to practice and get better, and it’s open to everyone.
As you would expect, the trader-friendly features are only going to attract users in their numbers to the DTX Exchange platform. The project is in Stage 3 of its public presale and has raised more than $3.2 million in investments.
The DTX token is currently selling at $0.06, and investors are already counting down to launch day when the token’s value will have doubled. What’s more alluring is the post-launch predictions. Experts strongly believe that DTX could surge by up to 200,000%, returning a whopping $1 million on any $500 investment.
With DTX Exchange, you get a community to learn from, as well as profits to last you a lifetime!
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