In an exciting twist in October, dubbed “Uptober” by investors, Sui (SUI) and NEAR Protocol (NEAR) investors expect significant gains on these tokens. Sui and NEAR Protocol have made huge strides in the blockchain sector, helping push their values higher. Despite these potential gains, investors are turning to a $0.06 presale coin expected to deliver massive returns.
Sui Blockchain surpasses $1 billion in TVL
Sui, the advanced Layer 1 blockchain, made headlines by exceeding the $1 billion level in total value locked (TVL). It now ranks as the 8th biggest blockchain in the industry.
The massive growth of at least 2,700% in the past year is powered by its advanced features like a growing developer network and the DeepBook central limit order book.
With a huge focus on decentralized finance (DeFi), Sui surpassed established projects, allowing it to attract leading lending protocols and decentralized exchanges. The recent incorporation of USDC and a partnership with Circle also boost Sui’s position as a go-to platform for users and developers.
The introduction of the SuiPlay0X1 handheld gaming device proves Sui’s commitment to integrating Web3 with traditional gaming, enabling users to own their assets. SUI is growing and thriving, helping set the stage for the future of intelligent assets.
On October 1, 2024, SUI was trading at $1.72, up 3.11% in the past week. Analysts say SUI will rise to $1.91 this month, supported by developments on its network. Despite the expected growth in SUI, investors are turning to a presale coin to enjoy a massive Uptober move.
NEAR Protocol’s Nightshade 2.0 update boosts network activity
On August 22, 2024, NEAR Protocol launched the Nightshade 2.0 update, designed to boost the protocol’s sharding infrastructure. The upgrade allowed NEAR Protocol’s network to be divided into smaller and more manageable shards. Each of these shards can process transactions independently.
Since the introduction of Nightshade 2.0, NEAR Protocol has seen a growth in network activity. Transactions surged by 42% between August 25 and September 28, while the new addresses increased by 30.8% during the same period.
However, NEAR Protocol’s trading volume dropped 13.21% after a month of strong performance underpinned by heavy buying. Despite the slow phase, NEAR’s outlook remains positive. It has a strong foundation that supports secure and scalable decentralized apps.
On October 1, NEAR Protocol’s native token was valued at $4.81, down 10.53% in the past week, suppressed by a market-wide correction. Analysts believe NEAR will recover to trade at $5.74 in October, supported by developments on its network.
As NEAR faces turbulence, investors are now focusing on a new presale token to maximize their profits.
DTX Exchange raises $3.2 million in just two months
DTX Exchange raised over $3.2 million in two months, and the number of investors increased from 5,000 to 6,700. Interestingly, the VulcanX feature launch is believed to be a major contributor to the growing demand for the coin.
The platform has also gained increased popularity because of blending centralized and decentralized exchange components, offering users the best of both worlds.
Furthermore, DTX token holders enjoy various benefits, including paying trading fees at discounted rates. This strategy lowers operational costs, promotes highly active trading, and increases user engagement.
Moreover, DTX Exchange offers users over 120,000 asset classes, including crypto, CFDs, and bonds, with up to 1000x leverage. Additionally, the platform skips the normal KYC sign-up checks, a feature most investors and traders appreciate for its convenience, which may increase its popularity.
Interestingly, DTX investors tend to benefit through loyalty rewards. The holders can stake and keep their tokens in their wallets to earn rewards or sell at a massive project once the presale is over. Additionally, the platform has an easy-to-use interface, making crypto trading easy, as noted by Crypto Legends.
DTX is currently in Stage 3 of the public presale, valued at $0.06. Once the public presale moves to Stage 4, the token’s price will increase to $0.08, a 33% profit for the current buyers. Additionally, analysts say DTX Exchange’s token will explode 100x after it lists on mainstream markets.
The DTX presale appeals to investors in Uptober
As Sui and NEAR Protocol keep making impressive strides in the blockchain space, they are poised for significant growth in October. Nonetheless, despite the promising outlook for SUI and NEAR in Uptober, experienced investors are increasingly turning to DTX Exchange, a $0.06 presale coin with massive growth potential.
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