Investors have started investigating the next potential coins that can expand their market cap and name themselves under the top 10 list. According to the experts, the US presidential election will influence the crypto market, and they have selected the best cryptocurrencies to trade in the bull market. In the current article, we will discuss the top three coins on the list: Sui, Fantom (FTM), and DTX Exchange (DTX).
Sui Foundation Disputes $400M SUI Token Sell-Off Allegations
The Sui token has grown quickly, resulting in allegations of insider selling. The reports suggest that potential investors, who were supposed to get the tokens during the ICO, sold more than $400 million during the rally. By October 14, Sui had surged more than 120% in the past month, reaching $2.25 and gaining over 8% in the past week alone.
These rumors accuse employees, investors, and other stakeholders of unloading large amounts of SUI during the price spike. In response, the Sui Foundation clarified in a post on X, stating, “No insiders, neither employees of the Foundation or Mysten Labs (including Mysten Labs founders), nor ML investors, have sold $400M worth of tokens during this period, either individually or combined.”
Despite Sui’s amazing price rise, the selling claims made by insiders raised concerns among new investors. Experts like Light warn that insider selling can often lead to negative outcomes for tokens, especially when insiders sell to less informed retail investors caught up in the hype.
Fantom (FRM) Breaks Out Of Month Long Consolidation
Fantom (FTM) has been trading in consolidation for weeks but has finally broken the upper $0.7 resistance. Currently priced at $0.724, it was hovering just below its resistance level of $0.71, leaving investors in suspense about its next move. Fantom (FTM) has gained 6% over the past week and a $2.06 billion market cap; Fantom remains poised for a potential breakout rally. The question in investors’ minds is whether it will continue the uptrend.
Fantom (FTM)’s high-speed blockchain has become a go-to for developers, especially in the DeFi space. If you’re looking for a fast and scalable platform, Fantom (FTM) is worth watching!
DTX Exchange (DTX) Top Contender For High Gainer
In recent ratings, DTX has moved to the top after it launched the hybrid protocol VulcanX. With this, DTX Exchange has welcomed the features of centralized and decentralized exchanges on one platform. VulacaX is also working towards lowering the trading fees and making the platform more efficient, with a response time of 0.4ms.
Other great features of DTX include the DTX Unified Wallet, which makes managing your money and assets simple and secure. Whether you’re into stocks, crypto, or forex, this all-in-one wallet lets you handle over 100,000 financial items with ease.
Also, its ability to provide up to 1000x leverage and KYC-free trading has drawn privacy-focused investors looking for highly profitable opportunities.
DTX Exchange (DTX) started October with a strong performance, standing out with impressive price growth during its ongoing presale. DTX is currently priced at $0.08 in phase four, but it’s set to rise to $0.10 in phase five, offering a 25% gain for early buyers. Experts predict a 120x surge once a Tier-1 CEX lists this altcoin soon.
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