Following President-elect Donald Trump’s win in the US elections, a new wave of buying interest may soon hit Pepecoin (PEPE) and the SUI blockchain token. With heightened volatility and predictions of price swings, traders are watching for favorable entry points, hoping these tokens will surge. However, considering the dynamism of the crypto market, selecting a safe bet like DTX Exchange could be key to managing risk.
After hitting a new peak in the mid-October, the SUI blockchain token retraced below $2 since the start of November 2024. However, less than 24 hours after the US elections, SUI prices surged 18.6%. With a consistent trading volume of over $100 million, SUI’s TVL peaked at $1.06 billion with double-figure increases across its protocols.
Currently, the SUI Blockchain token is 3.39% away from hitting a new all-time high. With massive developments like enabling real-time data access and enhanced analytics, interactions with the SUI Blockchain are bound to increase. According to CoinCodex, sentiments surrounding the SUI Blockchain token are bullish, with predictions of a further 240% rally in the following month.
Similarly, Pepecoin (PEPE) surged 11.94% as investors hurried into favorable entry points. The balance of hodler addresses also sprung 187% to $1.68 billion in the past month, causing a 5.9% increase in active Pepecoin (PEPE) addresses. Trading above its 100-day and 200-day SMAs, PEPE is predicted to undertake a 230% surge.
Due to its -0.15 correlation with Bitcoin, Pepecoin (PEPE) has 70% of its current token holders in profits. The trading volume of PEPE has also gone from $695 million to $1.34 billion in the past week, prompting market interest. Since the start of November, Pepecoin (PEPE) has been further accessible to retail investors as Robinhood gives PEPE rewards via a 1% deposit bonus.
The aftermath of the US election result has rippled through the global crypto market, with its market cap growing by 12.4% in just 24 hours. DTX Exchange (DTX) is not left out, as its Phoenix wallet application has crossed 45,000 downloads in less than a week. Analysts have lauded DTX Exchange for its advent in optimizing asset trades without needing commission fees.
At its core, DTX Exchange is a trading platform that opens doors to a broader range of asset classes, including crypto, equities, FX, CFDs, and more. However, DTX Exchange does more than that by providing advanced trading tools and easily accessible liquidity to give even beginners a chance in the volatile market. And the best part? Its non-custodial model allows users to maintain control of their private keys and assets.
The DTX presale has already crossed $6.7 million in revenue—a testament to the interest in DTX Exchange. With a current price of $0.08 in its fourth stage, DTX is expected to increase 25% in the fifth stage and 250% before the end of November. Investors are advised to make their stakes as the public sale nears its end.
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