Cryptocurrency

SUI Price Shatters Records in September, But DTX Exchange Is the Star Stealing All the Attention From FTM’s 70% Rally

Written By : IndustryTrends

SUI has been one of the highest relative strength coins in the market in the current scenario. In September, SUI gained 136%, while other coins have struggled to close in green. Another coin topping the relative strength list is the DTX Exchange (DTX). In the last month, it has increased 200% from the price of $0.02 to the current level of $0.06.  In emerging projects in their initial stages, DTX Exchange ranks at the top with an undervalued price.

Fantom (FTM) has also shown good strength, increasing by 73% in September. However, due to the recent pullback, investors have booked profit for Famtom (FTM) and are slowly shifting to DTX Exchange.

Sui Bridge Launches, Connecting Ethereum and Sui for Seamless Transfers

Ethereum users can now easily transfer ETH back and forth to the Sui blockchain. The Sui bridge, launched on September 30, directly connects Sui and Ethereum, simplifying asset transfers between the two chains. In a blog post, Sui described the bridge as a key step in improving interoperability, enabling secure and efficient asset transfers between the two networks.

The bridge breaks down barriers between ecosystems, allowing users to move assets like ETH and WETH quickly and securely. It's powered by Sui's network validators, ensuring the safety of every transaction.

Reason Behind Fantom (FTM) Price Climb

Despite the recent pullback to the 20-period moving average, Fantom (FTM) has been trading in the green for the last month. Sonic Labs is taking a deflationary approach that could lead to a significant rise in Fantom’s price. They plan to distribute 200 million $S tokens, with recipients getting 25% of their tokens immediately on the claim date. The remaining 75% will be released gradually over nine months. Claiming tokens early will result in a portion being burned.

The price boost comes from excitement around the upcoming “Sonic” update, which is expected later this year. This update aims to improve blockchain efficiency with key upgrades like the Carmen database system, a new Fantom Virtual Machine (FVM), and reducing finality time to almost one second.

DTX Exchange (DTX) Reaches Target Before Time

DTX Exchange crossed $3.7 million in the third stage of the presale in just seven days of October. This target was for mid-October, but it was achieved before that time. The recently launched VIP rebate system helped it achieve the milestone. According to this system, DTX token holders will earn up to 3% of the exchange’s revenue. This is a chance for investors to earn extra income by withholding crypto.

One of the key points DTX Exchange has long been noted for is its advanced technologies and powerful trading functionalities. It allows users to trade up to 1000x without carrying out strict Know Your Customer (KYC) procedures. The advanced feature VulcanX is another tech development that boosts trading activities by decreasing transaction costs making trades more affordable.

With the help of DTX, you can also build a diversified portfolio by incorporating about 120,000 trading instruments from stocks, financial markets, and crypto. Traders in different sectors, such as stocks and Forex, can manage all their activities through provided user-friendly platforms.

Normal users will get bonuses like DTX tokens by using the platform's loyalty system, which ensures the fit people benefit over time. This presale is one of the things that raised people's interest in this exchange and helped it build a dedicated user base. At the same time, it has ensured that a good number of users are actively trading.

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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