October, popularly called “Uptober,” had some big highlights, from Bitcoin (BTC) hitting $73,000 to altcoins exploding. Dogecoin (DOGE), the top meme, was on a roll, as it skyrocketed, while Sui (SUI) registered an all-time high.
Additionally, DTX Exchange (DTX), one of the top ICOs, crossed $6.4 million in early funding, hailed as the best presale. Its unique offering as a hybrid trading platform that combines the best elements of CEX and DEX and its significant upside potential are behind the soaring interest.
DTX Exchange (DTX): October’s Best Presale
DTX Exchange (DTX) was in the spotlight in October, making headlines for its remarkable ICO performance. It crossed $6.4 million in early funding, cementing its status as an investor favorite. As it approaches its much-anticipated debut, it has been hailed as the best presale to invest in.
The ICO is in the fourth round, selling out quickly. It is heavily discounted at $0.08, labeled as a low entry into the future of trading. Considering the projected 65x jump in value after its launch and listing on Tier-1 exchanges, it is poised to outclass Dogecoin (DOGE) and Sui (SUI).
With the token already pre-listed on CoinMarketCap, it is a new DeFi project to watch out for. Moreover, its hybrid exchange protocol is set to shake up the $10 billion global trading scene. It will combine CEX and DEX elements like distributed liquidity pools, wallet-based trading and non-custodial storage, striking a balance between security, privacy and accessibility.
Dogecoin (DOGE): 50% Upswing on the Monthly Chart
Dogecoin (DOGE) is undoubtedly one of the best altcoins. Despite the lack of real-world applications, its value is driven by its memetic appeal as the first dog cryptocurrency. Since its debut in 2013, it has built a cult-like community, which continues to be a bullish catalyst.
It had a remarkable October, soaring from a low of $0.1 to crossing $0.17. While there has been a slight decline, the Dogecoin price is above $0.16—a 50% upswing on the monthly chart. With more room for growth, it is one of the best coins to invest in, with TradingView’s simple moving average (10) at $0.15012 hinting at “buy.”
November promises further gains for Dogecoin (DOGE). The dog-themed cryptocurrency is set to cross $0.3 in the coming weeks, with the US election set to be a catalyst. To make the most of the upcoming bullish wave, DOGE is a good crypto to buy.
Sui (SUI): Registered an ATH
The Layer-1 blockchain and altcoin Sui (SUI) soared in popularity in October. Its blockchain gained more exposure, attracting projects, developers and even meme degens. The price also skyrocketed, creating an all-time high.
Outperforming most top altcoins, Sui (SUI) registered a peak price of $2.36 on October 14. This feat highlights its remarkable performance months prior—over 200% gain in the past 90 days. In just October, it is up over 10% and sentiment is still bullish. TradingView’s simple moving average (30) is at 1.9672, hinting at “buy.”
The 15% decline from its all-time high, considering the Sui price hovers around the $2 support, presents a low entry. With the price in an attractive and demand zone, its next upswing is on the horizon, positioning it as a top crypto to invest in.
Conclusion
October might have fallen below expectations but it was good overall. Dogecoin (DOGE) exploded and Sui (SUI) hit an all-time high. Meanwhile, DTX Exchange (DTX) led the ICO market, hailed as the best presale. Its unique hybrid approach to trading and substantial growth prospects drive huge demand and interest.
Learn more: