Investors are now on the lookout for the next promising cryptocurrencies that could increase their market capitalization and join the ranks of the top 10. Experts suggest that the upcoming US presidential election will have an impact on the cryptocurrency market, and they have identified the best coins to trade during the bullish phase. This article will explore the top three contenders: Sui, Fantom (FTM), and DTX Exchange (DTX).
Sui Foundation Addresses Allegations of $400M SUI Token Sell-Off
The Sui token has experienced rapid growth, leading to claims of insider trading. Sources indicate that investors who were expected to receive tokens during the ICO sold over $400 million during the price surge. By October 14, Sui had increased by more than 120% in a month, reaching a price of $2.25 and gaining over 8% in just the last week.
These allegations implicate employees, investors, and various stakeholders who purportedly sold substantial quantities of SUI during the price increase. In response, the Sui Foundation issued a statement on X, asserting, “No insiders, including Foundation employees, Mysten Labs personnel (including founders), or ML investors, have sold $400M worth of tokens during this time, either separately or collectively.”
Despite Sui’s remarkable price increase, the insider selling accusations have raised alarm among newer investors. Experts like Light caution that insider selling can be detrimental to tokens, especially when less informed retail investors are swayed by market excitement.
Fantom (FRM) Emerges from Prolonged Consolidation
Fantom (FTM) had been trapped in a consolidative phase for several weeks but has finally surpassed the $0.7 resistance level. Currently trading at $0.724, it was previously resting just under the $0.71 threshold, keeping investors guessing about its next steps. Fantom (FTM) saw a 6% gain over the week and boasts a market cap of $2.06 billion, positioning itself for a potential breakout rally. Investors are eager to see if it will maintain its upward trajectory.
Fantom (FTM)’s high-speed blockchain has become increasingly popular among developers, particularly in the DeFi realm. For those in search of a swift and scalable platform, Fantom (FTM) is definitely one to watch!
DTX Exchange (DTX) Rises as a Leading High-Gainer
Recent evaluations have propelled DTX to the forefront following the introduction of its hybrid protocol, VulcanX. This innovation has allowed DTX Exchange to integrate features of both centralized and decentralized exchanges in a single platform. VulcanX is also aiming to minimize trading fees while enhancing platform efficiency, boasting a response time of just 0.4ms.
Among DTX’s many features is the DTX Unified Wallet, designed to simplify and secure the management of personal finances and assets. Whether you’re interested in stocks, crypto, or forex, this comprehensive wallet can manage over 100,000 financial items effortlessly.
In addition, its provision of up to 1000x leverage and KYC-free trading has attracted privacy-minded investors seeking lucrative opportunities.
As October kicked off, DTX Exchange (DTX) demonstrated solid performance, highlighting strong price growth during its ongoing presale. Currently, DTX is valued at $0.08 in phase four, with an anticipated rise to $0.10 in phase five, presenting a 25% gain for early investors. Experts forecast a whopping 120x increase following the listing of this altcoin on a Tier-1 centralized exchange shortly.
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