Near Protocol (NEAR) and SUI are experiencing remarkable growth, capturing the attention of investors with their meteoric surge. Alongside these blockchain projects, the 10x DTX presale is also making waves in the market, raising an impressive $1.6 million.
This bullish momentum reflects growing confidence in the potential of these projects as they continue to gain traction in the ever-evolving crypto landscape. This article will discuss the factors driving these trends and what they could mean for the future.
NEAR’s resilience amid market dip: Nightshade 2.0 boosts long-term growth
Near Protocol (NEAR) has continued to rally despite the market slipping by 2% today. According to CoinGecko, Near Protocol (NEAR), the native token of the platform, achieved almost 23% gains since last week. That’s mainly due to positive on-chain developments, showing that altcoin has enough muscle to remain in its current position within the market.
Near Protocol (NEAR) recently announced that Nightshade 2.0, NEAR’s touted “novel sharding design”, was deployed on the platform’s mainnet, improving the already robust and reliable system users have been enjoying for years.
According to a recent blog post, network upgrades have brought in stateless validation, the new sharding architecture for the protocol. This new architecture improved upon the single-shard performance of the network. Near Protocol (NEAR) already has six shards deployed on the network, with a target of ten by the end of the year.
SUI eyes $1.20 as bulls defend key support
Sui (SUI) bounced off the 20-day EMA ($0.87) on Aug. 23, indicating aggressive buying at lower levels.
The bears are trying to stall the recovery just below the $1.11 overhead resistance. If the price turns up from the current level or rebounds off the 20-day EMA again, it will signal a positive sentiment. That may encourage the bulls to propel the price to $1.20. If this level is crossed, the next stop maybe $1.44.
If bears want to prevent the upside, they will have to pull and maintain the price below the moving averages. That could sink the pair to $0.71.
The rising 20-EMA and the RSI in the positive territory indicate an advantage to buyers. The pair has bounced off the 20-EMA, and the bulls will attempt to retest the overhead resistance at $1.12.
Contrarily, if the price turns down and breaks below the 20-EMA, it will suggest that the higher levels are attracting sellers. The pair may then decline to the 50-SMA and subsequently to $0.80.
DTX exchange testnet launch: A game-changer for early investors
DTX Exchange (DTX) has reached another major milestone with the launch of its testnet, sparking excitement among investors searching for a promising presale token. Analysts call this a significant development, as early participants could see substantial gains.
DTX Exchange (DTX) has been one of the most talked-about projects lately. This Stage 2 presale star has already raised over $1.6M, while projections say it could reach $2M before the end of August 2024. Demand for it is sky-high, with even Solana (SOL) and Ethereum (ETH) whales beginning to stockpile it.
While these crypto coins have seen good news and recent price movement, they may not be able to match DTX’s long-term growth. Some analysts even say this rookie could become the next 50x crypto in 2024.
DTX Exchange (DTX) is making a name for itself in the crypto market. Its presale has been great so far, giving early buyers a 100% return. This performance has not gone unnoticed, as big-time crypto influencers like CryptoDexWorld have mentioned this project.
