The crypto market swung low: Bitcoin tumbled below $70,000 and altcoins weren’t spared. Avalanche (AVAX), one of the top crypto coins, nosedived, with indicators pointing at further dips.
Meanwhile, Sui (SUI) and DTX Exchange (DTX), a novel altcoin at the intersection of CEX and DEX, emerge as top altcoins to invest in. Their solid fundamentals, from Layer-1 to DeFi, make them good crypto picks, not to mention DTX’s explosive upside potential as a low-cap gem.
DTX Exchange (DTX): A New and Promising Altcoin to Buy
DTX Exchange (DTX) is a top ICO at the heart of the current market buzz. It stands out thanks to its novelty and unique offerings—a hybrid trading platform. Taking a unique approach, it will combine the best elements of centralized and decentralized exchanges.
Its blend of TradFi and DeFi sets it apart. DTX aims to bridge the gap between crypto and traditional financial systems through its proprietary unified blockchain. It will provide access to a wide range of markets and allow trading directly from crypto wallets, so millions of unbanked individuals can participate in the global economy.
With its vision of transforming the $3.2 billion global trading market, DTX is a new DeFi project to watch out for. Meanwhile, it costs only $0.08 in the fourth stage of the ICO, providing a lower entry and boasting higher upside potential than Avalanche (AVAX) and Sui (SUI). Tipped for a 65x rally post-launch, this is a promising wave not to miss.
Avalanche (AVAX): 13% Downturn
Avalanche (AVAX) is a popular name in the Layer-1 ecosystem. It is a blockchain platform for decentralized applications (dApps) and custom blockchain networks. Given its high transaction output and scalability, it is widely embraced.
However, the past few weeks have been underwhelming for Avalanche (AVAX). Reflecting bearish sentiment, the Avalanche price tumbled over 13% in the past seven days, changing hands above $22. It nosedived over 10% in the past 30 days, plummeting from a month-high of $29.
With no sign of relief, the exponential moving average (10) and the simple moving average (10) at 24.43 and 24.80, respectively, hint at further downswings. On the other hand, the commodity channel index (20) is at −150.86, a bullish signal. The coming days will determine whether Avalanche (AVAX) will bounce back or plunge further.
Sui (SUI): Eyes on a Comeback
The Layer-1 blockchain Sui (SUI) is among the most scalable, powerful and secure platforms. Its Move programming language is one of its distinguishing features, contributing to its rise as one of the top coins. Moreover, its performance this year has been one of the most remarkable, which it aims to surpass.
Outperforming the crypto market, Sui (SUI) hit an all-time high of $2.3 in mid-October. Meanwhile, analysts have tagged the 20% decline from its peak as a huge discount, suggesting it is one of the best coins to invest in. The Sui price hovers around $1.8 and with a comeback on the cards, it is one of the altcoins to watch.
TradingView’s Bull Bear Power at 0.1252 is a bullish signal, the same as the simple moving average (50), which is at 1.8445. Meanwhile, top analysts predict a jump above $4 before the year’s end, positioning Sui as a top crypto to invest in.
Conclusion
Avalanche (AVAX) tumbles, with indicators pointing to further downturns, although the commodity channel index indicator is bullish. Meanwhile, Sui (SUI) and DTX Exchange (DTX) have emerged as top crypto picks given their solid fundamentals and upside potential.
Learn more:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.