The current bull run has seen massive changes, with many altcoins performing exceptionally well. Chainlink (LINK) has become one of such market performers with its colossal gains and rapid ascent to the $12 level. Analysts claim further increases up to the $20 mark!
SUI blockchain has also exhibited impressive gains at the end of September, however, these gains fail to keep the SUI whales glued as they shift to DTX Exchange. The hybrid trading platform has created a market frenzy attracting savvy and institutional investors to the platform.
Chainlink (LINK) Targets $20: LINK Turns Bullish
Chainlink (LINK) is up from the year-to-date low of $8.01 to $12.3 on the daily chart. The 23.6% Fibonacci Retracement point, which was at $11.52, has now turned into a support level for Chainlink (LINK). In addition, the Relative Strength Index increased to 64, and Chainlink (LINK) rose over the 50-day moving average.
The rate at which an asset changes is gauged by RSI. When an asset acquires momentum, it rises. If Chainlink (LINK) breaks above the crucial resistance level at $12.68—its peak swing on August 26— another upside will surround the coin.
With a massive surge of over 46% in the 24-hour trading volume, it is safe to say that Chainlink (LINK) has garnered the spotlight in this bull run. Whales now bet on $20 as the next target for Chainlink (LINK), as the coin has readily attained the $12.34 mark recently.
Bulls have taken hold of the LINK’s price. Market experts reveal increased optimism surrounding the token and investor’s interest. These factors can surely pull the Chainlink (LINK) price to the $20 target in no time.
SUI Blockchain: One Of The Top Crypto Gainers
SUI blockchain‘s distinct strategy as a Layer-1 platform is drawing interest to the platform. The blockchain is built with scalability and security in mind, aiming to satisfy the demands of worldwide adoption.
Due to the introduction of the Grayscale SUI Trust, its value has increased by 14.80% to $1.746289. This significant advancement brought significant institutional interest and increased SUI’s daily trading volume by over $800 million.
SUI is an outstanding performer in a very competitive market with excellent momentum and consistency, with 60% positive trading days over the past month and a moderate 25% volatility. With the introduction of the Grayscale Sui Trust, SUI’s market recognition has increased dramatically.
The trust is a noteworthy Layer-1 competitor because of its singular focus on SUI, which is consistent with Solana’s prior industry innovations. The SUI ecosystem’s growing traction and potential are highlighted by its rapid expansion, as evidenced by a 377% year-to-date TVL increase to $1.15 billion.
Furthermore, with a market cap-to-volume ratio of 0.7668, SUI exhibits high liquidity. Furthermore, its 200-day SMA is traded at 199.37%, suggesting strong long-term performance. Due to its unique strategy and quick ecosystem expansion, SUI is a vital competitor, yet SUI whales shift to DTX Exchange as the latter’s potential outpaces that of SUI.
DTX Exchange (DTX) To Hit $1 As SUI Whales Jump In!
A cutting-edge hybrid exchange platform, DTX Exchange blends essential components of decentralized and controlled exchanges. It finds a balance between the security and privacy advantages of decentralization and a simple user experience, considering the significant problems that both trading kinds face.
The protocol’s distributed liquidity pools, on-chain order book, and smart contracts are further essential features in addition to its hybrid approach. An on-chain order book keeps an open record of all buy and sell orders, increasing transparency, while smart contracts enable safe and automated transactions.
With the aforementioned, it will revolutionize the $3.2 billion global trading market, as experts have correctly acclaimed DTX as the best new cryptocurrency to invest in. A token costs $0.06 during the third presale round, raising over $2.8 million. Analysts suggest that there is a possibility for explosive growth as DTX will rise to $1 following listing.
Key Takeaways
Chainlink (LINK) and DTX Exchange grab attention with their explosive potential and humongous gains. SUI blockchain also performs well, yet the SUI whales shift to DTX Exchange.
Learn more:
