One of the best ways to track potential cryptos is to find where the smart money guys are investing. Smart money is usually fund houses, institutional investors, or HNIs. According to a recent transaction report, Silicon Valley whales continuously add DTX Exchange (DTX) in each presale stage. These insiders believe that DTX Exchange is unique and that no other exchange can compete in the present scenario. 

Crypto market participants are also enthusiastic about DTX Exchange. Last week, a 550K inflow was recorded from the Sui Blockchain (SUI) and Ripple (XRP) Communities. We will discuss the fundamentals of DTX Exchange and its growth potential and conduct a price action analysis of Sui Blockchain (SUI) and Ripple (XRP).

SUI Blockchain (SUI) Faces Rejection From March High

On Sunday, SUI bounced off the 10-period moving average and increased over 20%. However, it has faced rejection from the exact resistance zone of March this year. Sui Blockchain (SUI) price has fallen 10% after touching the high of $2.16. This results from profit bookings by investors after a one-month rally.

The first support for the Sui Blockchain (SUI) price is the 10-period MA, which coincides with the $1.85 level. The next major support level is $1.6. The resistance on the upside is the all-time high boundary, and the next psychological level where supply can come is $3.

Ripple (XRP) Weakest Coin In The Market?

From the high of $0.66 on September 29th, Ripple (XRP) has decreased by 23.16% to the current level of $0.53. This dump in XRP came after the news of tension in the Middle West; however, the market has recovered from the fall in other coins, and Ripple (XRP) is trading around the $0.5 low.

Ripple (XRP) has already broken the ascending triangle pattern and is trading below its lower trendline. The descending trendline from July last year has also worked as major resistance for the price of Ripple (XRP). 

DTX Exchange (DTX) Ready For Mutibagger Rally

The weakness in major coins has caused investors to turn to the DTX Exchange (DTX). Benefits like low fees and fast transactions have attracted many traders to the exchange. DTX is the first hybrid exchange that brings the features of both centralized and decentralized exchanges together in one place. 

The DTX wallet connects directly to the trading platform, offering users access to 120,000 assets across stocks, Forex, and crypto markets. This expands trading options beyond crypto, allowing opportunities to profit from stocks and foreign currencies. The platform includes an app wallet that supports smooth Web3 applications.

Some assets offer flexible leverage options, enabling users to take larger market positions even with limited funds. In the current stage, the per DTX token is priced at $0.06, with an expert projection of 5,000%; DTX could reach $3.06 in the upcoming rally. If an investor invests $100 at the current stage, it could turn into $5,100.

Learn more: 

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The post Silicon Valley Insiders Are Betting Big on DTX Exchange—Here’s Why It’s About to Explode 5000% Past Sui & XRP appeared first on TheCoinrise.com.