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Cryptocurrency News Articles
Sui Surges Over 40% in 30 Days, Driven by USDC Integration, XRP Attracts Whales Amid the SEC Case, Signals Bullish Momentum, DTX Exchange: The Emerging DeFi Project Set to Widespread Adoption
Oct 01, 2024 at 07:01 am
The cryptocurrency market has been seeing a resurgence recently, with Sui (SUI) emerging as a top performer after recording a 40% growth.
The cryptocurrency market has seen a resurgence recently, with some coins recording impressive growth. Here are the updates on Sui (SUI), Ripple (XRP), and DTX Exchange (DTX) from September 27, 2024.
1. Sui Surges Over 40% in 30 Days, Driven by USDC Integration
Sui (SUI) has enjoyed a price rally of more than 40% in the past 30 days, exciting many SUI investors. The massive growth has made SUI one of the top price gainers in the crypto market.
The native token of the Sui blockchain has recorded a price increase that might be linked to the integration of the USDC stablecoin. The development has also caused growth in Total Value Locked (TVL) on its platform.
TVL increased to $1.192 billion by September 26, due to the increased adoption of decentralized finance (DeFi) applications and the improved performance of lending protocols deployed on the Sui network.
On September 27, SUI was trading at $1.67, up 20.20% in the past week. Analysts say SUI will keep rising to reach $1.94 in October, supported by developments on its network. Despite slowing down a bit, SUI is still a great investment as the crypto bull cycle approaches.
2. XRP Attracts Whale Amid the SEC Case, Signals Bullish Momentum
Despite trading sideways recently due to the Ripple vs. SEC case, XRP has enjoyed lots of attention from the crypto whales. Recent CryptoQuant data shows over 252 million XRP were withdrawn from crypto exchanges on September 23.
This massive withdrawal indicates bullish sentiment among XRP investors and reduced selling pressure. With the removal of XRP from exchanges, a bullish surge will happen in the coming weeks.
Meanwhile, the leading Turkish bank, Garanti BBVA, will add XRP to feature in its mobile application, particularly for cryptos. The integration with Ripple’s token is one of the moves in the bank’s development plan to grow its digital asset offerings and adapt to the changing regulatory landscape in the crypto space.
As the Ripple case with the US SEC nears completion, analysts have now turned to developments on its network. Increased whale activity and adoption by Banks have increased XRP’s growth potential.
On September 27, XRP was trading at $0.5968, up 2.32% in the past week. Crypto market analysts say XRP will rise to $0.6455 in October, which will be supported by increased demand for the token.
3. DTX Exchange: The Emerging DeFi Project Set to Widespread Adoption
DTX Exchange is a DeFi project that has recorded massive growth despite being in the presale phase. Its growth potential is enormous, attracting many investors since it will pump as the crypto bull cycle approaches.
Interestingly, DTX Exchange is one of the few projects that are still enjoying a strong bullish trend in the crypto sector. Despite being relatively new, DTX’s growth potential has attracted many investors buying into its presale aggressively.
According to market analysts, DTX will become this year’s biggest breakout star. They are bullish because of the platform's exclusive offering as a hybrid exchange that combines the best of CEX and DEX features.
Due to the increased buying pressure from investors keen not to miss out on the lucrative investment, DTX has already raised over $2.8 million. Experts say it will surpass $3 million by the end of September.
Unlike the other crypto exchanges, DTX Exchange offers cryptos along with stocks, indices, commodities, CFDs, forex, and many others, offering traders access to over 120,000 asset classes. DTX Exchange also lets users register on the platform without conducting any KYC checks.
Currently, DTX is in Stage 3 of the public presale, trading at $0.06. The current investors will enjoy a 33% profit after DTX transitions to Stage 4 of the presale to trade at $0.08. In that context, YouTuber Crypto Legends believes DTX will offer the next parabolic pump in the crypto space, gaining 55x after launching on the mainstream markets.
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