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Cryptocurrency News Articles
Uptober: MyTonWallet Adds Support for Tron-Based Assets as TON Coin (TON) and DTX Exchange (DTX) Prepare for Massive Gains
Sep 26, 2024 at 01:02 am
The best experts in the crypto market believe a rally is coming this year in October like it did in many previous years. Hence, the popular bullish term, “Uptober.â€
Cryptocurrency experts are optimistic that a market rally will occur in October, a phenomenon that has been observed in previous years and is often referred to as "Uptober" in the crypto community. In anticipation of this potential price surge, three altcoins have been identified as candidates for substantial gains: Tron (TRX), Toncoin (TON), and DTX Exchange (DTX).
MyTonWallet, a TON-based hardware wallet, recently announced support for assets on the Tron network. This integration will allow users to send and receive TRX and USDT on TON.
"We're excited to announce that Tron (TRX) assets are now supported on MyTonWallet!" reads a tweet from the official MyTonWallet X account.
The addition of Tron (TRX) to MyTonWallet comes at a time when both blockchains are experiencing significant adoption and growth. Tron recently launched its SunPump project, a memecoin incubator on the Tron blockchain, and is preparing for the arrival of USDD, a decentralized stablecoin pegged to the U.S. dollar.
Meanwhile, TON is preparing for the launch of TON Crystals, a collection of non-fungible tokens (NFTs) that will be available on the TON blockchain. The Crystals will reportedly grant holders access to unique benefits within the TON ecosystem.
On the price front, Toncoin crypto continues to hold above the $5 mark despite recent fluctuations in price movement. The altcoin is trading between $4.50 and $6.00 on the monthly timeframe as its market cap consolidates between $11 billion and $15 billion.
According to experts, crossing the 50-day SMA ($5.85) will allow the Toncoin price to reach $7.34 in October.
In other developments, Tron (TRX) launches a meme creator incentive campaign
In a recent tweet, Tron's (TRX) SunPump project announced a new campaign to incentivize memecoin creators on its platform. The campaign will reward those who create memecoin-based projects with 888 TRX.
"Attention all #memecoin creators! We're kicking off a new campaign to support your passion and creativity," reads the announcement from SunPump TRX.
According to the official announcement, only creators who complete the 100% bonding curve will be eligible for the reward. The campaign will reportedly continue until further notice.
The Tron coin continues to consolidate above the 50-day SMA ($0.145455) and 200-day SMA ($0.130961) despite the losses it has witnessed in the past few weeks. Its market cap is around the $12.5-$15 billion range.
According to experts, October will be a bullish season for Tron crypto and we can expect to see upward price movement this period. They forecast that the Tron price will surge to $0.175935 by October.
Best cryptos for profits in Uptober: Tron (TRX), Toncoin (TON), DTX Exchange (DTX)
With a potentially bullish month around the corner, the best altcoins to consider for October include Tron (TRX), Toncoin (TON), and DTX Exchange (DTX).
While TRX and TON have been experiencing strong community support and anticipation for upcoming developments, DTX Exchange is a new hybrid platform that combines the strengths of CEX and DEX models.
The platform offers fast transactions, low fees, security, anonymous trading, and high liquidity. In addition to these, DTX Exchange users will also gain access to over 120K tradable asset classes, including forex, gold, digital currencies, and stocks in one location.
Users also don't have to open different accounts or use more than one device to trade these asset classes. Furthermore, the exchange has no strict KYC checks found on centralized platforms like Binance.
Traders can trade assets anonymously from anywhere in the world without submitting personal information.
The exchange even solves the issue of liquidity troubling most decentralized platforms by organizing liquidity pools that are distributed, which allows it to connect to a variety of liquidity sources, including external exchanges and liquidity providers.
This leads to enhanced efficiency and reduced slippage. In this ecosystem, the DTX utility token is the utility coin. Currently valued at $0.06, it is in Stage 3 of its presale and is expected to skyrocket by 50% in the coming months.
Having already raised over $2.7 million, DTX Exchange said that the amount of money raised from investors could increase to $5 million by the end of October.
Disclaimer:info@kdj.com
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