Sui (SUI), a Solana rival, has shown significant growth due to the growing number of users and an increase in developers’ activity. SUI rose by 115% in September to become the best-performing altcoin and hit the highest level since May.
Meanwhile, analysts believe another rally is coming in October. They have picked two altcoins, Shiba Inu (SHIB) and DTX Exchange to be the top gainers.
Solana (SOL) Price Stable Amid Token Unlock
According to data from Token Unlocks, 524,030 SOL, equivalent to $81.56 million, are expected to be unlocked and pushed into the market between 1st and 7th October. This unlock makes up only 0.11% of the circulating supply within the Solana network. Notably, token unlocks are known to cause selling pressure in the crypto market.
Presently, the Solana price is consolidating between $120 and $160 on the monthly timeframe. Its price movement in the past month has been very bullish, with 17 days ending on a green note. Going forward, Solana coin is trading above the 50-SMA ($142.42) and 200-SMA ($146.81). Coincodex forecast a price surge to $168.63 before the end of October.
Shiba Inu (SHIB) Surpasses DOGE in Whale Activity
According to recent data from Santiment, whales have been showing more interest in Shiba Inu (SHIB) than Dogecoin. The data showed that whale activity for Shiba Inu coin increased by 360% while that of Dogecoin rose by only 67%. The increase in whale activity might be hinting that Shiba Inu crypto is gearing up for a bigger price action in the future. Presently, the value of the memecoin is consolidating between $0.000012 and $0.000022 on the monthly timeframe.
Although the Shiba Inu price climbed above $0.000020 recently, its value dropped due to an increase in selling pressure. Despite the correction, the cryptocurrency is still trading above the 50-SMA ($0.00001457). Its next resistance is at the 200-SMA ($0.00001837). Analysts forecast that Shiba Inu (SHIB) could clear this level before the end of October.
DTX Exchange (DTX): Crypto Traders’ Access To Trade Traditional Assets
DTX Exchange (DTX) is an innovative modern exchange that offers access to the crypto market and the traditional market. This is the first trading platform that merges the best features of both CEX and DEX. DTX Exchange has strengths, which include low charges, high trade speed, anonymity and decentralization. It has a platform of over 120,000 tradable assets like gold, ETFs, indices, stocks, bonds, cryptocurrencies, etc.
Basically, DTX Exchange users can trade any asset from the $714.7 trillion OTC derivatives market on the platform using one account. They don’t have to use multiple accounts to access these wide ranges of assets. In addition to this, the exchange does not require its users to do KYC when they are registering on the platform. This aspect makes DTX Exchange quite different from centralized exchanges such as Binance and OKX, in which users are barred from engaging in anonymous trading.
In the presale stage at the moment and has caught the interest of investors. The project has raised over $3.5 million and is on track to surpass $5 million before the end of October. The DTX coin is presently worth $0.06. According to experts, the altcoin’s value could increase by 300% in October, making it a great cryptocurrency to buy both for new and professional traders.
The Best Coins To Invest in for Gains in October
With the focus turning towards October, analysts are pin-pointing Shiba Inu (SHIB) and DTX Exchange as the best cryptos to buy for the next big pump. While the value of Shiba Inu is expected to reach $0.00001837, analysts forecast a 300% price surge for DTX Exchange.
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