Investors are constantly looking for reasons to hold or ditch a cryptocurrency project. SUI blockchain has been the darling of many crypto enthusiasts since its mainnet launch on May 3, 2023. Its high throughput and low latency stood out among other blockchain scalability solutions like Aptos, Near, and Solana. However, recent price action from the novel platform has some asking if it’s time to move or still hold on. A possible alternative is DTX Exchange, a next-gen decentralized cryptocurrency exchange (DEX). Does a move need to happen, or can investors hold both?
SUI blockchain: What is it?
Sui blockchain is a Layer-1 blockchain built with Move, a Rust-based programming language developed at Meta. Its unique architecture was created to overcome the scalability issues with other blockchain systems. It does this by facilitating safe, smart contract development with its “Sui Move” language and streamlining transaction processing with its “validator set” structure. SUI blockchain enables effective and safe DeFi applications, which opens the door for widespread adoption.
May 2024, makes it a year since SUI hit the market, making it a relatively new project. Despite its infrastructural brilliance, SUI Is still subject to the crypto market’s volatility, as we’ve seen in recent months. After hitting its all-time high of $2.18 in mid-March 2024, SUI’s steady climb from October 2023 into 2024 took a sharp reverse, touching a recent $0.88 low. SUI is currently trading at $1.06 at the time of writing. Is there any concrete reason for a move yet, or are investors being impatient?
SUI price prediction
According to Changelly, based on the price fluctuations of SUI at the beginning of 2023, crypto experts expect an average SUI rate of $1.95 in May 2024. SUI’s minimum and maximum prices can be expected at $1.05 and at $2.85, respectively — recording a potential 124% return on investment (ROI) for May.
Coincodex is also positive on potential SUI gains in the next 30 days, predicting a 230% rise to $3.42 by June 9. However, the current market sentiment is bearish, while the fear and greed index reads 66.
DTX is a low-entry, high-yield alternative
SUI blockchain has solid fundamentals and outpaces more established projects like Solana and Aptos when compared to their throughputs. SUI’s recent price movement is reflective of the broader cryptocurrency market and could be a good hold for the long run.
DTX, however, can find a well-deserved spot in any investor’s portfolio as a solid project with strong prospects. DTX is a revolutionary decentralized exchange that leverages the strengths of blockchain technology and traditional asset classes to offer a unique and comprehensive solution that addresses the problems faced by traders and trading platforms.
Currently in its stage two presale at $0.04, DTX has secured over $500k in funding, presenting investors with the opportunity to get in early at a discounted price. DTX has a superior list of offerings and features that no other DEX offers.
Learn more about the project and its ongoing presale on DTX’s official website or join DTX’s Telegram community.
Key Takeaway
Investors ponder whether to stick with SUI blockchain amid recent price fluctuations, hitting $1.06. Predictions suggest a potential rise to $1.95 by May’s end and up to $3.42 by June 9, but market sentiment remains bearish. Alternatively, DTX Exchange (DTX), in stage two presale at $0.04, presents a compelling option with unique offerings and solid prospects, securing over $500k in funding.
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