With SUI's integration of Circle's USDC and DTX Exchange's community-focused approach, Ethereum whales are now turning to these projects for gains.
The DeFi sector just got more competitive, with Sui and DTX Exchange (DTX) going head to head for the biggest gainers in the next bull run. The tokens and their bulls seem to be pulling the stops in anticipation of a rewarding bull market.
Whales are lurking in the background, looking to divest from their regular holdings in exchange for SUI and DTX tokens. The Ethereum (ETH) whales are among such investors, who are banking the new DeFi coins for massive returns.
Here's how the market is looking!
Ethereum at the Mercy of the Bears
The Ethereum network has been experiencing outflows for the past few days as the exchange reserves have increased. The ETFs are not faring much better, as they experienced net outflows of about $8.1 million on Tuesday alone.
The outflows point to a single phenomenon: the investors are divesting. The sell-off wave is back on Ethereum despite shouts of an impending bull run. This is despite calls for a Nobel Prize for Ethereum co-founder Vitalik Buterin for his novel blockchain innovation.
There's little doubt that the ETH token will trend if Buterin does get a Nobel Prize this year. Still, Ethereum is very much in the hands of bears, as the token is testing its support at $2,395 following a bout of consolidation for the past five days.
Circle’s USDC Finally Launches on Sui
Since launching last year, SUI has been gaining on the bounce, moving on from one development to the next. Sui’s Total Value Locked (TVL) went past $1 billion recently, indicating exponential growth in the past year.
Ethereum and other networks have USDT from Tether, but Circle is the first stablecoin to start operations on the SUI blockchain. The USDC tokens, unlike others, don't require bridging as they are accessible to all traders in the Sui ecosystem.
Circle's integration offers several positives to the Sui network. First, there's more liquidity and more opportunities for DApps to maximize the presence of stablecoins. And when it comes down to gains for traders, the net price movements will be colossal. Sui tokens are currently worth $1.87, with slight 1.2% losses in the past week. Nothing bull run won't fix.
DTX Exchange: Get the Best Out of the DeFi Community
DTX Exchange couldn't be more different from the average DeFi project in terms of its idea of a community. The community on DTX Exchange is a training platform as much as it is a gathering of like-minded investors. And when you've been there long enough, it starts yielding for you, too.
New traders don't have to watch tutorial videos and virtual learning platforms to start learning the theory of trading.
DTX Exchange launches them straight into the market, where they pair with successful and experienced traders to learn the ropes. Through the social and copy trading features, beginner traders can copy strategies directly from their ‘mentors' and learn the techniques.
For expert traders, DTX offers even more rewards. The DTX Black Club is exclusive for traders with at least $10,000 in their trading wallets; for each level the traders reach (from Bronze to Platinum III), there are varying grades of bonuses and rakebacks.
It's a community to keep traders in profit, and the presale is your way in.
DTX and SUI Stay Hot on Traders’ Radars!
Ethereum whales are not having the best time, and many of them are selling off their holdings in search of profits on Sui and the new DTX Exchange. Sui has gotten investment opportunities to sustain its profits, and DTX Exchange is offering one of the best deals this year with its presale gains.
The DTX public presale gains start immediately from Stage 3. The token is currently valued at $0.06, and it will go up to $0.08 and $0.12 in Stage 4 and at launch, respectively. This represents 33-100% profits for Stage 3 DTX presale investors.
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