The highly volatile crypto space has raised curiosity about the best investment options for traders. A variety of options often confuses investors about their investments. Therefore, crypto analysts provide insight into the market conditions and best-performing cryptos to facilitate traders.
A leading crypto analyst has suggested that Dogwifhat (WIF), SUI, and DTX Exchange are competing as the best investment options for the third quarter of 2024. Dogwifhat’s (WIF) sudden upsurge of 22% has opened the gates of further rallies.
SUI continues to gain traction following the unveiling of the SUI trusts on Grayscale. DTX Exchange, on the other hand, emerges victorious and sets trends with its skyrocketing presale. The trading platform has raised over $1.2 Million and is still grabbing investors.
These developments have put Dogwifhat (WIF), SUI, and DTX Exchange ahead of the remaining altcoins in this bull run.
Dogwifhat (WIF) Bounces Back With A 22% Surge
As the crypto space nearly witnessed a massive crash in the previous week, Dogwifhat (WIF) crashed along with Bitcoin like various altcoins. The downside for Dogwifhat (WIF) was its already struggling momentum, which tumbled further with the market sentiment. However, Dogwifhat (WIF) gains momentum as it reports massive gains.
Dogwifhat (WIF) is seen trading at $1.75 with a 22% increase over 24 hours. The meme coin’s downtrend has triggered this massive surge. The daily charts show sustained strong activities for Dogwifhat (WIF), suggesting the completion of the recovery phase.
The upward momentum on the daily charts has created optimism for Dogwifhat (WIF), defying the threat of decline signalled in earlier reports, which forecasted a decline below $1. There has also been an increase in the WIF’s open interest per exchange. Thus, if the gains on the daily charts are sustained, WIF can reach a significant resistance level of $2.3.
SUI Gains Momentum Following The Unveiling Of SUI Trust On Grayscale
Grayscale Investment has recently unveiled the launch of two new crypto mutual funds: the Grayscale Bittensor Trust and the Grayscale SUI Trust. The latest offerings of the exchange-traded fund (ETF) issuers are set to soar the SUI prices. This development has made SUI one of the best investment options.
The SUI Trust focuses entirely on the SUI token, which is designed to facilitate globally scalable decentralized applications, as per the Grayscale announcement. Following the announcement, the SUI token is starkly contrasting the broader market sentiment.
While the crypto space faces repercussions of the market crash on 5th August, SUI continues its uptrend unaffected by the market after the announcement. For instance, the SUI token hit a 9-month low of $0.4636 on August 5th, following a steady decline from its all-time high of $2.17 in March of this year.
However, SUI has climbed back to the $0.6166 level since Monday, with a 3% increase in the last 24 hours, with its next resistance wall at $0.6966. Thus, Grayscale’s launch has started an uptrend for SUI.
DTX Exchange Leads The Market With 1000X Leverage
The unique blend of traditional finance and advanced trading methodologies has made DTX Exchange outshine the rest of its competitors. The platform has become invincible in the DeFi space thanks to its 1000x leverage. It empowers traders to maximize gains through the elimination of gas fees.
The trading platform has exceeded the market expectations by raising over $1.2 Million in stage 2. With its innovative features, fast execution, advanced automation strategies, and scalability, the DTX hybrid platform could revolutionize trading in the financial sector.
DTX Exchange ensures safe and secure onboarding without the threat of data loss through its no-KYC approach and updated regulatory framework. There is an increased demand for the DTX token as 61% of it is sold to 10,000 unique holders. Investors are eager to become a part of the platform, as it is expected to surge beyond $2 upon hitting the market.
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