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Cryptocurrency News Articles
Sui (SUI), Tron (TRX), Toncoin (TON), and DTX Exchange (DTX): The Altcoins Poised to Challenge Solana's Price Trajectory
Sep 26, 2024 at 02:00 am
This bull run has witnessed a massive surge in various altcoins, which are set to pose challenges to Solana’s price trajectory. Sui blockchain (SUI), Tron (TRX), Toncoin (TON), and DTX Exchange are the top altcoins seen as threats to the Solana ecosystem.
Solana’s price has surged astronomically in recent times, making it a top performer in the cryptocurrency market. However, this bull run has also seen a massive surge in various altcoins, which are set to pose challenges to Solana’s price trajectory.
Among these altcoins, Sui blockchain (SUI), Tron (TRX), Toncoin (TON), and DTX Exchange are regarded as some of the most threatening coins to the Solana ecosystem.
Here's a brief overview of each coin and how it might impact Solana's price:
1. Sui Blockchain (SUI): Breaking Records in TVL
The price of Sui blockchain (SUI) surged 40% last week, closing the gap well above $1.5. The project is in the headlines right now because Sui Blockchain (SUI) broke $900 million in Total Value Locked (TVL).
After a recent pump, the market value of Sui blockchain (SUI) is currently about $4 billion. Considering that Solana is at $70 billion, analysts predict that Sui blockchain (SUI) is aiming for this target.
The Layer-1 Sui Blockchain (SUI) network is designed to maximize the efficiency of decentralized apps. It was developed by Mysten Labs, which was made up of former Meta engineers.
2. TRON (TRX): Paving the Path for a New Decentralized Internet Era
In 2017, the blockchain project Tron (TRX) was introduced to enable content creators. Tron (TRX) allows content providers to get paid directly by their audience by building their network.
Creators can retain a larger portion of their earnings when intermediaries like YouTube and Facebook are removed from the picture with this direct arrangement.
Moreover, Tron (TRX) presents itself as a flexible platform for developers thanks to its support for dApps and smart contracts.
Furthermore, Tron (TRX) keeps transparency with a public ledger and a transaction architecture akin to Bitcoin’s. As it promotes a decentralized network, Tron (TRX) offers a trailblazing alternative for developers and producers looking for cutting-edge blockchain solutions.
These features have made Tron (TRX) a key player in the market, as the coin has shown a surge of over 58% in the trading volume. The coin is exhibiting a constant green candle on the price charts becoming a Solana rival.
3. Toncoin (TON) Overview and Its Projected Price Trends
Toncoin (TON) is the main cryptocurrency of The Open Network, a decentralized blockchain. After being renamed, the project—which was first created by Telegram— the coin is currently managed by the TON Foundation and community members.
In addition to enabling services like decentralized storage, DNS, and secure networking, Toncoin (TON) seeks to provide speedy, safe, and inexpensive payment methods. Toncoin’s (TON) proof-of-stake approach contributes to the network’s scalability and dependability.
Predicted prices for Toncoin (TON) indicate that it may trade between $6.45 and $30.30 in 2025 and between $16.06 and by 2030. These forecasts indicate possible expansion in the upcoming years.
The current price actions of Toncoin (TON) also support the price analysis as the coin’s 24-hour trading volume is up by over 15%. This shows increased investors’ interest in the future of the coin, making it a Solana competitor.
4. DTX Exchange (DTX): The DeFi Marvel!
DTX Exchange (DTX) is one of the most popular cryptocurrency coins of the year so far. The recent announcement by DTX Exchange that 50% of its token supply is now available to the general public could increase demand for this cryptocurrency. Even well-known YouTubers like Crypto League emphasized DTX Exchange, eyeing its prospects.
With the development of a hybrid trading platform that combines the greatest elements of both CEX and DEX, DTX Exchange is set to fundamentally revolutionize online trading.
Thus, instead of concentrating just on equities or cryptocurrencies, DTX Exchange will enable users to purchase over 120,000 asset classes at a 1000x leverage. Gold and CFDs are among them.
Millions of traders might find it appealing because of its quick transaction times (0.04 seconds) and lack of sign-up KYC requirements.
This platform will be powered by the DTX utility token. Those who have it gain access to reduced trading fees and improved analytical capabilities. In Stage 3 of its presale, it is currently valued at $0.06, a 200% increase over its initial price. However, after Stage 4 begins, this price will rise to $0.08.
Given that DTX Exchange has already raised over $2.7 million and may raise $3 million by the end of this month, demand is quite high.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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